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On August 25th, Nongfu Spring (09633.HK) announced on the Hong Kong Stock Exchange that its revenue for the first half of the year was RMB 29.72 billion, a year-on-year increase of 16%; net profit for the first half of the year was RMB 8.89 billion, a year-on-year increase of 16.6%. Basic earnings per share were RMB 0.790, a year-on-year increase of 16.7%.US President Trump: Iran has not paid salaries to a large number of its military personnel.US President Trump: The humanitarian crisis in Iran must stop immediately.On August 25th, BOSS Zhipin (02076.HK) released its Q2 2026 financial report. During the reporting period, the companys revenue reached RMB 2.399 billion, a year-on-year increase of 14.1%, a significant acceleration compared to the previous quarter; of which, recruitment revenue from corporate clients was RMB 2.384 billion, a year-on-year increase of 14.7%, accounting for 99.4% of total revenue. In Q2, the company achieved an operating profit of RMB 863 million and an adjusted operating profit of RMB 1.05 billion. The company announced a dividend plan of US$230 million, with all dividend funds derived from the companys cash surplus.On August 25th, Anwar Gargash, advisor to the UAE president, stated that Irans attacks on Gulf states have weakened its own position and suggested that Tehran should cooperate with its neighbors to end the conflict. Gargash stated, "As the US-Iran confrontation enters a new phase characterized by escalating economic pressure, the end of attempts to control the Strait of Hormuz, and the conclusion of the memorandum of understanding phase, we reiterate that Irans aggression against the Arab Gulf states has not achieved its intended objectives; it has only deepened Tehrans predicament and proven to be a seriously misguided strategic choice, exacerbating Irans isolation and weakening its own position." "The way to end this war is not through attacking the Arab Gulf states, but through cooperation with them to pave the way for de-escalation and a political solution to the conflict."

Gold Price Prediction: XAU/USD falls to $1960 as USD recovers in advance of Core PCE Price Index

Daniel Rogers

Mar 29, 2023 14:23

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After failing to hold above $1,970.00 during the Asian session, the gold price (XAU/USD) has declined. As concerns of a U.S. banking crisis have diminished significantly, the allure of the precious metal has decreased. As the US Dollar Index (DXY) has shown a recovery move, it is expected that the Gold price will continue to correct.

 

The USD Index has recovered after establishing a cushion around 102.40. The USD Index has extended its recovery to near 102.60 as investors transfer their attention to Friday's core Personal Consumption Expenditures (PCE) Price Index data.

 

The Federal Reserve's (Fed) preferred inflation gauge is anticipated to increase by 0.4%, which is less than the previous increase of 0.6%. The annual rate is anticipated to remain unchanged at 4.7%. A deceleration in the rate of consumer spending on essential products will further diminish the likelihood of another rate rise by the Federal Reserve. The likelihood of a decline in consumer expenditure has increased as the labor cost index has remained lower than anticipated. In addition, after the failure of three mid-sized institutions, US banks have tightened credit conditions for individuals and businesses.

 

In the meantime, S&P500 futures posted stronger gains during the Asian session following a rangebound auction on Tuesday. US stocks have been supported by expectations that the Federal Reserve (Fed) will maintain constant interest rates in the future.

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