• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 25th, WuXi Biologics (02269.HK) announced that its revenue for the first half of 2026 was RMB 11.787 billion, an increase of 18.4% year-on-year; net profit was RMB 2.916 billion, an increase of 5.8% year-on-year; and net profit attributable to owners of the company was RMB 2.44 billion, an increase of 4.3% year-on-year. During the period, 169 new integrated projects were added, bringing the total number of integrated projects to 1064. The Board of Directors decided not to pay an interim dividend.On August 25th, it was reported that Indian AI infrastructure company AM Intelligence has ordered 9,000 NVIDIA (NVDA.O) Vera Rubin systems, hoping to become one of the first companies in Asia to adopt this advanced computing platform. AM Intelligence, headquartered in Hyderabad, India, stated in a statement on Tuesday that servers equipped with these rack-mounted systems are planned to be operational in southern India next year. The company stated that its clients include large cloud service providers, AI labs, and institutions looking to develop indigenous Indian AI models.According to Israeli media: Israeli Defense Minister Katz also visited Syria this morning.Russian Foreign Minister Sergey Lavrov: The world needs diplomacy more than ever before.On August 25, the U.S. State Department prepared to return diplomats to embassies in the Middle East that were evacuated before and during the war with Iran, indicating that the Trump administration does not expect a renewed full-scale hostilities. According to an internal State Department document obtained by The New York Times, U.S. diplomatic missions in the Middle East may begin returning diplomats as early as this week, gradually reducing previously implemented emergency measures. Three U.S. officials also confirmed the adjustments. The document shows that embassies planned to be reinstated with higher staffing levels include those in Israel, Lebanon, Saudi Arabia, Qatar, Jordan, Oman, Iraq, and Kuwait. Current and former State Department officials said the redeployment of diplomats signifies a de-escalation of tensions, although negotiations between the U.S. and Iran regarding extending the 60-day ceasefire agreement that expired last week have stalled. Dan Shapiro, who served as U.S. ambassador to Israel under the Obama administration and as Defense Department official in charge of Middle East affairs under the Biden administration, said, "Reinstating some of the withdrawn diplomatic missions indicates that the administration believes the war is nearing its end."

Gold Price Prediction: The XAU/USD pair seeks to maintain above $1,980, while investors observe the Fed's preferred inflation tool

Daniel Rogers

Mar 31, 2023 11:40

219.png 

 

During the Asian session, the gold price (XAU / USD) aims to maintain its auction above the critical resistance of $1,980.00. Even though the US Dollar Index (DXY) has shown signs of recovery from 102.00, the precious metal is aiming to surpass Thursday's high of $1,984.65.

 

In the Asian session, S&P500 futures have generated significant gains. US equities have sustained the purchasing frenzy, indicating a buoyant market sentiment. In the meantime, the demand for US government bonds has decreased further in the expectation that the US financial sector will not suffer further losses.

 

Investors are anticipating that the Federal Reserve will maintain its monetary policy posture in May, so the USD Index's recovery must pass through a number of filters. (Fed). Jerome Powell, chairman of the Federal Reserve, stated in a private meeting with US lawmakers that he anticipates one more rate hike in 2023. The Fed Chairman Powell's statement is not limited to the May policy. Therefore, the likelihood of a stable monetary policy in May is very high.

 

The USD Index will remain active on Friday prior to the release of the Personal Consumption Expenditures (PCE) Price Index data. Wells Fargo analysts anticipate that the PCE deflator will outpace nominal spending (+0.3%).