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On February 2nd, it was reported that on November 3rd, 2025, the Shenzhen Intermediate Peoples Court of Guangdong Province sentenced five members of the Bai family criminal gang—Bai Suocheng, Bai Yingcang, Yang Liqiang, Hu Xiaojiang, and Chen Guangyi—to death for crimes including intentional homicide, intentional injury, fraud, drug trafficking, drug manufacturing, kidnapping, and operating a casino, along with corresponding supplementary penalties. Following the first-instance verdict, Bai Suocheng died of illness, and the other defendants appealed. After a hearing, the Guangdong Provincial Higher Peoples Court ruled on December 24th, 2025, to reject the appeals and uphold the original verdict, submitting it to the Supreme Peoples Court for review in accordance with the law.On February 2nd, Guotou Silver LOF resumed trading and hit the daily limit down, with the premium narrowing to 43.8%. Previously, the Shenzhen Stock Exchange stated that some investors had engaged in abnormal trading behavior that affected the normal trading order of funds such as "Guotou Silver LOF," and self-regulatory measures such as suspending trading were taken against the relevant investors. This morning, several precious metal-themed LOFs weakened, with gold-themed LOFs and gold LOFs both falling by more than 7%, and Harvest Gold LOF falling by more than 6%.February 2nd - On Monday, a group of civilians, including former lawmakers, filed a new impeachment lawsuit against Philippine Vice President Sara Duterte, accusing her of misusing government funds and breaching public trust. According to parts of the complaint filed with the House of Representatives, Duterte, who has a long-standing feud with President Marcos, orchestrated "an unprecedented frenzy of secret spending without justification or control" and "disregarded Congresss oversight power" when asked to explain. Last year, an impeachment lawsuit against the vice president failed after the Supreme Court ruled it unconstitutional.On February 2nd, the Guangdong Provincial Development and Reform Commission issued the "Guangdong Province 2026 Work Plan for Optimizing a Market-Oriented First-Class Business Environment." The notice proposes facilitating market access for new business models and fields. It implements a "non-prohibited is permitted" policy outside the negative list for market access, and further implements special measures to relax market access in Shenzhen, Hengqin, and Guangzhou Nansha. It optimizes the market access environment in the low-altitude airspace, establishes a collaborative management mechanism for low-altitude airspace between the military, civilian, and government, and improves the low-altitude infrastructure system, including general aviation airports and drone landing pads. It supports Guangzhou, Shenzhen, Hengqin, and other regions in promoting road testing and demonstration applications of intelligent connected vehicles, and promotes cross-regional mutual recognition of road test results and licenses. It promotes the application of intelligent connected vehicles in scenarios such as unmanned delivery, scenic area shuttles, logistics transportation, and intelligent sanitation. It supports eligible regions in relaxing market access restrictions for pharmaceuticals and medical devices, and improves management standards for the research and development and application of various new drugs and medical device technologies.A Japanese government spokesperson said that Prime Minister Sanae Takaichi stated that she hopes to build a strong economy capable of withstanding foreign exchange fluctuations.

Gold Price Forecast: XAU/USD crashes below $1,840 as geopolitical worries damper market mood

Alina Haynes

Feb 20, 2023 11:13

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Gold price (XAU/USD) has slid to about $1,837.90 after giving a negative break of the consolidation created in a limited range of around $1,844.00 in the Asian session. The precious metal has been given amid growing geopolitical tensions between the United States and China and the launch of rockets from North Korea near Japan’s Exclusive Economic Zone (EEZ).

 

Investors should brace for wild volatility as the equity markets in the United States will stay closed on Monday owing to Presidents’ Day. Nevertheless, S&P500 futures have slid further amid increased forecasts of the continuation of the restrictive policy stance by the Federal Reserve (Fed), presenting a decline in the risk-aversion theme.

 

The US Dollar Index (DXY) has risen over 103.70 as investors are increasingly anxious that the higher-than-anticipated US Consumer Price Index (CPI), Producers Price Index (PPI), and monthly Retail Sales data have prompted the possibility of a comeback in the inflationary pressures.

 

Fed Governor Michelle Bowman stated on Friday that they are seeing a lot of conflicting data in economic conditions. He further noted, the Fed has “A long way to go to get inflation back down to our goal."