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On January 16th, according to Tianyancha Intellectual Property Information, Tesla Inc. recently applied to register two "Tesla Smart" trademarks, classified in the international categories of scientific instruments and website services. Both trademarks are currently awaiting substantive examination.January 16th - According to statistics from Shanghai Customs, Shanghais total foreign trade volume reached 4.51 trillion yuan in 2025, a record high, representing a year-on-year increase of 5.6%. Exports reached 2.02 trillion yuan, a significant increase of 10.8%, while imports reached 2.49 trillion yuan, an increase of 1.8%.On January 16th, the Shanghai Futures Exchange (SHFE) reported the following changes in warehouse receipts for various commodities: 1. International copper futures warehouse receipts: 11,286 tons, unchanged from the previous trading day; 2. Medium-sulfur crude oil futures warehouse receipts: 3,464,000 barrels, unchanged from the previous trading day; 3. Hot-rolled coil futures warehouse receipts: 194,362 tons, unchanged from the previous trading day; 4. Nickel futures warehouse receipts: 41,985 tons, an increase of 13 tons from the previous trading day; 5. Stainless steel warehouse futures warehouse receipts: 46,058 tons, unchanged from the previous trading day; 6. Fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 7. Copper futures warehouse receipts: 160,417 tons, a decrease of 2,300 tons from the previous trading day; 8. Silver futures warehouse receipts: 626,843 kg, a decrease of 11,556 kg from the previous trading day; 9. Low-sulfur fuel oil warehouse futures receipts: 13,600 tons, down 4,680 tons from the previous trading day; 10. Petroleum asphalt mill futures receipts: 30,810 tons, unchanged from the previous trading day; 11. Petroleum asphalt warehouse futures receipts: 16,110 tons, down 800 tons from the previous trading day; 12. Rebar warehouse futures receipts: 61,680 tons, up 1,510 tons from the previous trading day; 13. Natural rubber futures receipts: 108,390 tons, up 2,800 tons from the previous trading day; 14. Pulp warehouse futures receipts: 137,134 tons, unchanged from the previous trading day; 15. Pulp mill futures receipts: 12,000 tons, unchanged from the previous trading day; 16. Gold futures receipts: 100,053 kg, down 99 kg from the previous trading day; 17. Butadiene rubber futures warehouse receipts were 26,330 tons, unchanged from the previous trading day; aluminum futures warehouse receipts were 140,750 tons, an increase of 2,667 tons from the previous trading day; alumina futures warehouse receipts were 176,802 tons, an increase of 6,023 tons from the previous trading day; tin futures warehouse receipts were 9,462 tons, a decrease of 64 tons from the previous trading day; zinc futures warehouse receipts were 33,558 tons, a decrease of 252 tons from the previous trading day; TSR20 rubber futures warehouse receipts were 56,750 tons, a decrease of 1,008 tons from the previous trading day; and lead futures warehouse receipts were 27,264 tons, an increase of 1,191 tons from the previous trading day.The onshore yuan closed at 6.9690 against the US dollar at 16:30 on January 16, up 8 points from the previous trading day.On January 16th, according to Tianyanchas business registration information, Beijing Taoyuanchuang Technology Co., Ltd. was recently established. The legal representative is Lian Wenzhao, and the registered capital is 8 million RMB. Its business scope includes software development, intellectual property services, copyright agency, information consulting services, information technology consulting services, network technology services, apparel manufacturing, apparel research and development, and apparel accessories manufacturing. A comprehensive equity structure analysis shows that the company is wholly owned by Taotian Co., Ltd., which is a wholly-owned subsidiary of Taobao (China) Software Co., Ltd.

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.

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