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The Peoples Bank of China (PBOC) announced that, based on demand from primary dealers in its open market operations, the 7-day reverse repurchase operation volume on September 14, 2026, was zero. Simultaneously, it conducted 504 billion yuan of overnight reverse repurchase operations.The main contract for low-sulfur fuel oil (LU) surged 4.00% intraday, currently trading at 5707.00 yuan/ton. The main contract for asphalt also surged 4.00% intraday, currently trading at 5632.00 yuan/ton.September 14th - The Ministry of Commerce will hold a press conference at 3:00 PM on Thursday, September 17th, 2026, where a spokesperson will introduce key recent work in the commercial field and answer questions from reporters.Crude oil futures (2610 contract) strengthened significantly during the session, with gains widening to 9.16%, reaching a high of 884.1 yuan per barrel, and trading volume exceeding 191 billion yuan.On September 14th, sources familiar with the matter revealed that Anthropic has signed a six-year, $13.7 billion computing deal with Rum Group, a company with ties to social media and a long-standing connection to the Trump administration. Founded in 2013, Rum gained attention among conservatives after the 2020 US presidential election as a YouTube alternative for smaller content creators. In addition to hosting Trumps Truth Social, Rum also streams official White House broadcasts. This deal is the latest in a series of cloud computing agreements Anthropic has reached over the past year, partnering with major cloud service providers like Google, tech companies like SpaceX, and smaller new clouds like Nscale, driven by surging demand for its Claude Code and Cowork products. These agreements total at least 14,800 megawatts of computing power, costing up to $517 billion over the next decade. The deal with Rum will add to that total.

Gold Exceeds $1,800, Then Declines As the Dollar Strengthens

Skylar Williams

Aug 03, 2022 11:13

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Gold returned slightly on Tuesday to the $1,800 level targeted by market longs after exactly one month.


The gold futures contract for December on the New York Comex rose $2 to $1,787.70 per ounce, after reaching a high of $1,804.95.


In response to China's fury over the U.S. House Speaker Nancy Pelosi's travel to Taiwan, a country Beijing regards as its territory with no sovereignty of its own, the dollar had its greatest spike in over a month.


Gold on the Comex has failed to reclaim the psychologically significant positive level it lost on July 1 as a result of the dollar's meteoric rise on expectations of further Federal Reserve interest rate rises.


Sunil Kumar Dixit, chief technical strategist at skcharts.com, commented, "The futures have blown off some froth at the top, but the upside is still quite strong." "Play will continue until Comex hits $1,830 or $1,835"


The Dollar Index, which measures the dollar to six other major currencies, increased by over 0.7% to 105.95, marking its highest daily rise since July 5, when it increased by 1.3%. The session's highest point was 106.10 On Tuesday, the dollar index touched a near three-week low of 104.92.


Along with the dollar, U.S. bond rates contributed to gold's decline on Tuesday, as the benchmark 10-year Treasury note notched its largest one-day increase since March.


Not reaching $1,800, the spot price of bullion, which is frequently connected with the price of gold futures, peaked at $1,788.12.


Comex gold's turnaround toward $1,800 was sparked by Federal Reserve Chair Jerome Powell's comments last Wednesday that the central bank could not predict whether it will sustain the aggressive rate hikes it has adopted to battle inflation since March.


With the release of the gross domestic product statistics for the second quarter on Friday, the United States officially entered a recession.


The previous week's performance for gold was its best since the week of February 25. The possibility of a recession and the Fed's rate hikes approaching their peak contributed to gold's appreciation.


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