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On June 9th, Jingfeng Medical (02675.HK) announced that its board of directors intends to exercise the general mandate granted by the resolution passed at the shareholders meeting on June 16, 2025, to use the share repurchase mandate to repurchase H shares in the open market from time to time with a total amount of up to HK$200 million, depending on market conditions. The implementation period will last until the conclusion of the next annual general meeting or until the special resolution withdraws/amends the repurchase mandate.On June 9th, the Hong Kong Stock Exchange (HKEX) announced that it will further optimize the price limits for designated stock index futures contracts during the after-market trading (T+1) session, expanding them from the current ±5% to ±6%. The contracts include Hang Seng Index futures, Hang Seng Index Dividend Cumulative Index futures, Hang Seng China Enterprises Index futures, Hang Seng China Enterprises Index Dividend Cumulative Index futures, Hang Seng TECH Index futures, Mini Hang Seng Index futures, and Mini Hang Seng China Enterprises Index futures, but exclude Hang Seng Biotechnology Index futures.European Commission President Ursula von der Leyen: Restrictions will be placed on the sale of liquefied natural gas (LNG) carriers to Russia.A Reuters poll of 102 economists showed that 72 said the Federal Reserve would keep the federal funds rate unchanged at 3.50%-3.75% in 2026 (compared to 50 of 101 economists surveyed in May).A Reuters poll of 102 economists indicated that the Federal Reserve will keep the federal funds rate unchanged at 3.50%-3.75% at its June 16-17 meeting.

Gold Price Prediction: XAU/USD struggles above $2,000 as additional Fed rate increases appear inevitable

Daniel Rogers

Apr 17, 2023 13:44

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During the Asian session, the gold price (XAU / USD) appears vulnerable above the psychological resistance of $2,000.00. Following a four-day low of $1,992.50, the precious metal has exhibited a recovery trend. However, the recovery appears precarious as bullish wagers on the US Dollar Index (DXY) limit the upside.

 

As the probability of a consecutive 25 basis point (bp) rate hike from the Federal Reserve (Fed) is exceedingly high, the USD Index seeks to extend its recovery above the immediate resistance of 101.75. According to the CME Fedwatch instrument, the likelihood of a rate rise is nearly 80%.

 

In the meantime, S&P500 futures posted significant gains early on Monday, following a moderate decline on Friday. Quarterly earnings season is anticipated to keep US equities stock-specific. As a result of the precipitous drop in petroleum prices in March, manufacturing and oil-dependent businesses could experience a reasonable earnings rebound.

 

The demand for U.S. government bonds has decreased considerably in response to rising wagers on additional Fed policy restrictions. President of the Federal Reserve Bank of Atlanta Raphael Bostic stated that with one more quarter-point increase in interest rates, the Fed can conclude its tightening cycle with some assurance that inflation will gradually revert to its 2% objective.


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