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Conflict Situation: 1. Russia – ① Russian Ministry of Defense: A Ukrainian drone was shot down in the Moscow region. ② Russia launched a large-scale airstrike against Ukraine, damaging energy and transportation facilities in many parts of Ukraine. ③ Russian Ministry of Defense: Russian troops have occupied the village of Vovche in Ukraines Dnipropetrovsk Oblast. 2. Ukraine – ① Ukraine claims Russia launched a large-scale attack on its energy facilities. ② Ukrainian Prime Minister: Russian attacks on Ukrainian dams damaged several large energy facilities in the Kyiv, Kharkiv, and Poltava regions. Other Situations: 1. US – ① US media: Hungary will be exempt from US sanctions when purchasing Russian energy. ② Ukrainian President Zelensky: Russia launched 450 drones and 45 missiles to attack Ukraines energy sector and infrastructure. 2. Ukraine – Rotating power outages will be implemented in most parts of Ukraine on the 9th. 3. Russia – ① Russian Foreign Minister Lavrov: At the instruction of Russian President Putin, Russia has begun drafting proposals regarding possible Russian nuclear testing programs. ② Russia claims it has not received any statements from the US regarding the resumption of nuclear testing through diplomatic channels. 4. Other – Both external power supply lines to the Zaporizhzhia nuclear power plant have been repaired.On November 9th, Senate Majority Leader John Thune stated that positive progress had been made in bipartisan negotiations to end the federal government shutdown. Lawmakers are working to reach an agreement to temporarily reopen the government and introduce three longer-term appropriations bills for several agencies. According to Republican senators, lawmakers had hoped to release the full text of three full-year appropriations measures for fiscal year 2026 on Saturday, including agriculture, food and nutrition programs, military construction programs, veterans programs, and congressional operating funds. The proposal would fund these initiatives until September 30, 2026. However, by the end of the workday this week, the two parties had not reached an agreement on reopening the government, nor had they released the full-year appropriations bill to the public. The Senate will attempt negotiations again during a rare Sunday session.On November 9th, Russian Foreign Minister Sergey Lavrov stated on the 8th local time that Russia has not yet received any explanation from the US through diplomatic channels regarding President Trumps remarks about resuming nuclear testing. He also stated that Russian President Vladimir Putins instructions regarding nuclear testing are being implemented. Lavrov noted that it is currently unclear whether Trump was referring to nuclear weapons delivery vehicle testing or subcritical testing.November 9th - On November 8th local time, Ukraines state electricity company announced that most parts of Ukraine would experience rotating power outages in two to four rounds from 00:00 to 23:59 on November 9th. The various restrictions in place will remain in effect until the end of the day.According to sources, members of the Irish Football Association have approved a resolution calling on UEFA to suspend Israels participation in European competitions.

Gold Prices Trend Forecasts 2024

TOP1 Markets Analyst

Jan 16, 2024 17:11

According to the latest analysis by Greg Shearer, head of global commodities research at JPMorgan Chase, the outlook for the gold market is promising, with the average gold price expected to reach approximately US$2,175 per ounce in the fourth quarter of 2024. He believes that the U.S. central bank may begin to lower interest rates in mid-2024, and once the U.S. economy experiences a recession, gold will have greater room to rise. The weaker the U.S. economy is, the deeper the rate cuts will be, which will provide stronger support for gold. Sourcenia is a review portal of sourcing best manufaturers


French Bank Wealth Management's latest bi-weekly report: Gold is bullish! The central banks of emerging markets are rushing in, the US dollar is weakening, and real yields are falling. These are all bullish factors. The price of gold is expected to climb to between US$1,950 and US$2,050 per ounce.


In a recent interview with the media, Pierre Lassonde, the honorary chairman of the French Nevada Mining Company, boldly predicted that the U.S. dollar will weaken in 2024, and gold will usher in a wave of gains. He said the U.S. dollar and gold move in opposite directions, so a peak in the U.S. dollar means gold is bullish. He believes this is an important reason why he is optimistic about gold prices in 2024.