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On September 3, a reporter asked: The Chinese curatorial team announced its withdrawal from the Gwangju Biennale in South Korea due to its erroneous handling of Taiwan-related issues, expressing strong protest. The Chinese Embassy in South Korea has already issued a statement on this matter. What is Chinas comment on this? Foreign Ministry Spokesperson Guo Jiakun: The Joint Communiqué on the Establishment of Diplomatic Relations between China and South Korea clearly states that the government of the Republic of Korea recognizes the government of the Peoples Republic of China as the sole legal government of China and respects Chinas position that there is only one China and that Taiwan is a part of China. Since the beginning of this year, the South Korean side has repeatedly stated that its position on adhering to the one-China principle remains unchanged. The organizers of the Gwangju Biennale in South Korea stubbornly persisted in their erroneous practices, condoning Taiwans participation in the exhibition under a name completely inconsistent with its identity, blatantly violating the one-China principle. China firmly opposes this and has lodged a solemn representation with the South Korean side, demanding that the relevant parties immediately correct their erroneous practices. We hope that the South Korean government will abide by its political commitments, earnestly assume its responsibilities, and put the one-China principle into practice with concrete actions. The DPP authorities are using cultural exchanges, conferences, and exhibitions as occasions for political manipulation and provocative actions aimed at "independence." Their intentions are sinister, and their methods are despicable. Their political schemes will not succeed.The U.S. ISM non-manufacturing supplier deliveries index was 51.3 in August, up from 52.8 in the previous month.The U.S. ISM non-manufacturing inventory index for August was 56.7, compared to 51.4 in the previous month.The U.S. ISM non-manufacturing new orders index was 60.9 in August, down from 57.2 in the previous month.The U.S. ISM non-manufacturing employment index for August was 47.8, compared to 47.4 in the previous month.

Gold Price Prediction: XAU / USD investors approach a 50% mean reversion zone prior to NFP

Daniel Rogers

Mar 10, 2023 11:28

 截屏2022-06-07 下午5.14.47.png

 

After data showed that weekly US jobless claims increased more than anticipated, the price of gold rose on Friday as the dollar weakened. This caused the market to reconsider the Federal Reserve's next move.

 

At the time of writing, the US Dollar index, DXY, was down 0.13 percent, making the price of Gold less expensive for buyers using other currencies. Ahead of the crucial Nonfarm Payrolls report, the gold price is currently in the $1,830s.

 

In the meantime, "the number of Americans filing for unemployment benefits increased. "Initial claims increased to 211k in the week to 4 March, while continuing claims increased to 1,718k," ANZ Bank analysts explained.

 

"This most recent data suggests that the labor market may be beginning to cool, but this data is notoriously volatile, so the market will be on the lookout for additional evidence that labor demand is decreasing. The Challenger Job Cuts data, which shows 77,000 jobs were eliminated in February, is one indicator that US companies are beginning to reduce their workforce, analysts added.

 

"This is less than the January figure of 109,243, but it is 400% higher than the previous February, and it is the highest number of jobs lost in any February since 2009. The majority of layoffs are in the technology, retail, and financial sectors.


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