• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 15th, Yao Lei, Director of the Price Supervision and Anti-Unfair Competition Bureau of the State Administration for Market Regulation, stated at a State Council policy briefing that in strengthening anti-monopoly enforcement in the pharmaceutical sector, combating monopolistic behavior in the pharmaceutical field remains a top priority, maintaining a high-pressure stance. We adhere to three principles: First, we strike at the first sign of monopolistic behavior, closely monitoring key drugs related to the publics right to medication, such as those in short supply, emergency drugs, and commonly used drugs, promptly investigating, filing cases, and handling cases swiftly upon discovery. Second, we insist on severe penalties, resolutely and severely punishing monopolistic cases in the pharmaceutical field, achieving triple punishment for monopolistic behavior involving "enterprises + organizers + responsible persons." Third, we uphold institutional constraints, issuing and implementing the "Guidelines of the State Council Anti-Monopoly and Anti-Unfair Competition Commission on Anti-Monopoly in the Pharmaceutical Field," clarifying the rules for identifying monopolistic behavior and strengthening anti-monopoly compliance guidance for the pharmaceutical industry.On April 15th, the Taiwan Affairs Office of the State Council held a regular press conference. A reporter asked: Despite the DPP authorities vehement obstruction of cross-strait exchanges, data released by the National Immigration Administration shows that in the first quarter of this year, the number of people applying for Taiwan Compatriot Certificates increased by 11.8% year-on-year, and the number of Taiwan compatriots entering the mainland increased by 27.6% year-on-year. What is your comment on this? Spokesperson Chen Binhua stated that facts have repeatedly proven that peace, development, exchange, and cooperation are the mainstream public opinion in Taiwan society. The DPP authorities disregard public opinion and go against the tide, and are destined to fail.On April 15, the State Council Taiwan Affairs Office held a regular press conference. Spokesperson Chen Binhua stated in response to a question that, upholding the concept of "both sides of the Taiwan Strait are one family," and adhering to the principle of improving peoples well-being through exchanges and integration, with a focus on enabling compatriots on both sides of the Strait to live better lives, and addressing the actual needs of Taiwan compatriots, ten policy measures have been introduced to promote cross-strait exchanges and cooperation. Chen Binhua stated that, in the next step, we will work with relevant departments and local governments to ensure the thorough implementation of these policies and measures, so that compatriots on both sides of the Strait can benefit from them as soon as possible. He expressed hope that the DPP authorities would heed public opinion on the island and respond to the calls from the industry, promptly removing various artificial restrictions to eliminate obstacles to the normalization and regularization of cross-strait personnel exchanges and cooperation in various fields.April 15 - On April 15, Xi Jinping, General Secretary of the CPC Central Committee and President of China, held talks in Beijing with To Lam, General Secretary of the Communist Party of Vietnam and President of Vietnam, who was on a state visit to China.April 15 – The State Council Taiwan Affairs Office held a regular press conference on April 15. Regarding the remarks made by Lai Ching-te during his meeting with certain U.S. senators, spokesperson Chen Binhua stated that China firmly opposes any form of official exchanges between countries that have diplomatic relations with China and the Taiwan region.

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

Alina Haynes

Oct 25, 2022 15:24

 截屏2022-09-23 下午2.30.52.png

 

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).