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On April 2, China Metallurgical Group Corporation (MCC) announced that as of March 31, 2026, the company had repurchased 50,277,526 A-shares through centralized bidding on the Shanghai Stock Exchange. The repurchased A-shares represent 0.2426% of the companys total share capital. The highest transaction price was RMB 3.25 per share, the lowest transaction price was RMB 3.01 per share, and the total transaction amount was RMB 159,525,331.42 (excluding transaction fees). As of March 31, 2026, under the authorization of this H-share repurchase, the Company repurchased 19,637,000 H-shares through the centralized trading system of the Hong Kong Stock Exchange via on-exchange repurchase (centralized bidding). The repurchased H-shares represent 0.0948% of the Companys total share capital. The highest transaction price was HK$1.94 per share, the lowest transaction price was HK$1.80 per share, and the total transaction amount was HK$36,718,036.80 (excluding transaction fees).On April 2, the General Office of the State Council issued the "Implementation Plan on Establishing a Comprehensive Evaluation System for Enterprise Credit Status." The Implementation Plan requires improving the public credit evaluation system, unifying public credit evaluation rules, industry credit evaluation management, and channels for publicizing public credit evaluation results, improving the industry credit evaluation coordination mechanism, standardizing the development of market-based credit evaluation, accelerating the integration and application of public credit evaluation and market-based credit evaluation, better leveraging the supporting role of credit evaluation in the financing of small and micro enterprises, improving the evaluation update and adjustment mechanism after credit repair, ensuring smooth channels for handling objections and appeals, and implementing credit evaluation management responsibilities.Italys seasonally adjusted retail sales rose 0% month-on-month in February, compared with 0.60% in the previous month.According to the German business weekly Wirtschaftswoche, Ryanairs CEO expects oil prices to fall soon; he is "optimistic" that fuel prices will drop again in the fourth quarter of this year, or even earlier.On April 2nd, Thai Finance Minister Ekniti stated on Thursday that the Ministry of Energy will recalculate refining and refined petroleum product sales costs by April 6th to curb rising fuel prices. The new calculations will be submitted to the Cabinet for review and should result in lower energy prices. Ekniti has been appointed head of a newly established committee responsible for reviewing fuel cost structures and pricing. He said that under the current circumstances, refining-related calculations may be inflated, and consumers should pay lower prices at gas stations. The Ministry of Energy has been instructed to recalculate reasonable refining and sales costs, verify the actual impact of war-related premiums, and propose mechanisms to ensure cost reductions. He also stated that the government hopes to verify the true "war premium" and other additional costs, such as freight and insurance, to determine the true cost burden borne by refining companies. According to data from the University of the Thai Chamber of Commerce, during the upcoming Thai New Year holiday (April 13th-15th), Thai consumer spending may decrease by 3.7% year-on-year to approximately 130 billion baht (approximately US$3.98 billion) due to factors such as rising oil prices.

Gold Price Prediction: XAU/USD declines toward 200-SMA retest as yields support US Dollar recovery

Alina Haynes

Mar 02, 2023 15:52

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During the first day of losses in four prior to the European session, the gold price (XAU/USD) oscillates around the intraday low of $1,831. In doing so, the precious metal validates the stronger US Dollar and risk-averse market sentiment on a slow Thursday.

 

US Dollar Index (DXY) rebounded from a one-week low to 104.60 at the latest, up 0.17 percent intraday, as greenback supporters tracked robust US Treasury bond yields and cheered sour sentiment amid hawkish Federal Reserve (Fed) talks. The increase in US Treasury bond yields reflects the market's apprehension, which has recently pressured Wall Street investors and weighed on S&P 500 Futures. On the same side may be the ardent Minneapolis Federal Reserve (Fed) President Neel Kashkari, as well as the policymakers of the Bank of England (BoE) and the European Central Bank (ECB).

 

Gold purchasers are encouraged by the recent improvement in China's economic data and the country's policymakers' upbeat remarks. China's Minister of Human Resources recently stated, "China's employment will continue to increase this year and remains stable overall." On Wednesday, China's Finance Minister Liu He expressed a willingness to increase the country's fiscal expenditure while noting that the foundation of China's economic recovery remains fragile.

 

Moving on, G20 updates could be combined with central banker comments and US secondary data to amuse XAU/USD traders.