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On January 13th, Zhou Haibing, Vice Chairman of the National Development and Reform Commission (NDRC), stated at a regular press conference that it is necessary to clarify the boundaries of responsibility between the government and enterprises, adhere to the principle of "whoever pollutes, cleans up," and prevent situations where "enterprises make money but leave behind pollution," making the government and the public pay the price. Going forward, the NDRC will work with relevant departments to improve supporting systems, issue management measures for the comprehensive utilization of power batteries for new energy vehicles, revise the guidance catalog for industrial restructuring, and intensify restrictions and elimination of outdated technologies and equipment.On January 13, Zhou Haibing, Vice Chairman of the National Development and Reform Commission (NDRC), stated that this year the NDRC will lead the formulation of the 15th Five-Year Plan for the Development of the Circular Economy, clarify the development goals and tasks for the circular economy in key areas, deploy key measures for the recycling and utilization of traditional renewable resources, rare and precious metals, and "new three types" of solid waste, improve the guarantee system, further improve resource utilization efficiency, strengthen resource security, support green and low-carbon transformation, and promote new achievements in the high-quality development of the circular economy.On January 13th, the Ministry of Civil Affairs held a special press conference. Jiang Wei, Deputy Director of the Trademark Application and Promotion Department of the State Intellectual Property Office, stated that the office will strengthen guidance and services for trademark use, continuously regulate irregular trademark use such as "brand imitation," strengthen trademark and brand protection, and support elderly care service operators in cultivating trademark brands for elderly care services. Going forward, the State Intellectual Property Office will further strengthen communication and cooperation with the Ministry of Civil Affairs to fully support the implementation of the "Several Measures on Cultivating Elderly Care Service Operators and Promoting the Development of the Silver Economy," vigorously promote the in-depth implementation of trademark and brand strategies by elderly care service operators, leverage the leading role of trademarks and brands, cultivate more well-known trademark brands supported by technology, quality, and reputation, increase publicity and promotion of elderly care service brand image, and enhance the social benefits and market value of elderly care services.On January 13th, Alibaba Cloud announced the completion of a further strategic investment in ZStack, achieving a controlling stake. According to reports, the two companies will leverage the "Apsara + ZStack" full-stack ecosystem to create an integrated cloud-edge solution.On January 13th, the Ministry of Civil Affairs held a special press conference. Li Qiang, Deputy Director of the Consumer Goods Department of the Ministry of Industry and Information Technology, stated that the Ministry will focus on key areas such as elderly care service robots, with manufacturers and downstream application companies jointly conducting research on core technologies and product development. The focus will be on promoting the large-scale application of humanoid robots, health monitoring equipment, and rehabilitation assistive devices in homes, communities, and elderly care institutions. The Ministry will also implement a high-end medical equipment promotion and application project, supporting clinical trials, technological iterations, and market promotion of products such as cochlear implants and rehabilitation training systems, enabling more elderly people to benefit from high-end medical equipment and share the dividends of modern technological innovation.

Gold Price Prediction: XAU/USD oscillates about $1,650 as DXY recovers recent losses

Alina Haynes

Oct 25, 2022 15:24

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Gold price (XAU/USD) is indecisive while rebounding from intraday lows to $1,650 ahead of Tuesday's European session.

 

Nevertheless, the yellow metal attracted purchasers earlier in the day due to a weaker U.S. dollar, but the currency's recent resurgence looks to have weighed on the price recently. It should be mentioned that unfavorable concerns regarding China, one of the world's largest gold consumers, have recently posed a threat to the pricing of precious metals.

 

In the absence of Fed-speak, the US Dollar Index (DXY) gains bids to reclaim the 112.00 mark while trimming its first weekly loss in three weeks. It should be emphasized that the Fed's aggressive rhetoric and weak US PMIs also support the DXY's safe-haven appeal.

 

China's efforts to protect its struggling economy and worldwide pessimism regarding Xi Jinping's third term, not to mention Hang Seng's decline to a 13-year low, impose downward pressure on market mood and the XAU/USD exchange rate.

 

US 10-year Treasury rates continue under pressure around 4.21 percent, down two basis points (bps), while US stock futures and Asia-Pacific markets are moderately bid.

 

Moving forward, second-tier US Housing data and Consumer Confidence indicators may delight gold speculators before Thursday's third-quarter US Gross Domestic Product report (Q3).