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Country Garden (02007.HK): In July 2026, the company achieved contracted sales of approximately RMB 2.26 billion attributable to shareholders, with a contracted sales area of approximately 280,000 square meters attributable to shareholders.On August 4th, the Beijing Municipal Commission of Planning and Natural Resources officially issued the "Beijing Underground Space Special Plan (2025-2035)". As the first city-level underground space special plan compiled by Beijing, this plan aims to coordinate above-ground and underground space, promote high-quality development in the capital, and plans to build Beijing into a multi-dimensional, safe, efficient, convenient, and sustainable three-dimensional livable city by 2035.The National Security Council of Ukraine has warned that Russia is using jet drones to launch a large-scale attack on the Chernihiv region.On August 4th, the Korean Central News Agency (KCNA) reported that a North Korean military commentator published an article on August 3rd stating that the US, Japan, and South Korea are using military exercises to strengthen their joint operational capabilities, forming a "triad" threat that could become a new security crisis in the Asia-Pacific region. The article stated that in the region surrounding the Korean Peninsula, the US and South Korea conducted exercises in July under the pretext of strengthening their joint air capabilities, including a large-scale "joint logistics support exercise." To strengthen command and coordination with the Japan Self-Defense Forces "Unified Operations Command," the US is accelerating the reorganization of the US Forces Japan Command into a "Unified Forces Command" with independent operational capabilities. The US has also deployed the Typhon intermediate-range missile system in Japan and plans to deploy it to South Korea. The article pointed out that Japan openly discusses its own nuclear armament and conducts US-made Tomahawk cruise missile launch drills in the Pacific; South Korea is also aggressively advancing its nuclear submarine development program. The actions of the US, Japan, and South Korea undermine security in the Asia-Pacific region and exacerbate instability; all parties should be vigilant about this trend and take measures to contain it.Bank of Japan data suggests that Japan may not have intervened in the foreign exchange market on Monday.

Gold Price Prediction: XAU/USD Volatility Decreasing Above $1,860 Prior to US Inflation

Alina Haynes

Feb 13, 2023 14:32

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Gold price (XAU/USD) volatility is decreasing ahead of U.S. inflation data that could provide fresh momentum. The price of the precious metal is fluctuating above $1,860.00. Nonetheless, the downside appears to be preferred as market players' risk appetite plummets.

 

During the Asian session, the US Dollar Index (DXY) is battling to break above the crucial resistance level of 103.35. S&P500 futures have suffered more losses as quarterly earnings have dampened expectations for risk-perceived assets. In addition, the repeated destruction of unexplained flying objects by the Pentagon's radar has impacted market sentiment. The alpha generated by 10-year US government bonds has fallen below 3.74 percent.

 

The Federal Reserve (Fed) has reignited concerns about future interest rate hikes, which has frightened market sentiment. Patrick Harker, president of the Federal Reserve Bank of Philadelphia, anticipates that interest rates will exceed 5% this year, as inflation remains elevated. He believes that higher interest rates should be maintained for a longer period of time to attain price stability.

 

The announcement of the US Consumer Price Index (CPI) will provide reassuring information for interest rates. According to a Reuters survey, both the headline and core CPI are anticipated to increase by 0.4% on a monthly basis.