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As of 09:30 Beijing time, WTI crude oil futures fell 0.15%, while US natural gas futures rose 0.21%.The main contract for the container shipping index (European route) has extended its intraday gains to 9.00%, currently trading at 1347.3 points.The Peoples Bank of China (PBOC) announced today that it conducted 526 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 526 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.On February 24th, the Shanghai silver futures main contract led the market gains in the morning session, while gold, platinum, and palladium also saw significant increases. Hongyuan Futures analysis pointed out that some positive US economic and employment data, coupled with concerns from some Federal Reserve officials about a rebound in inflation, pushed back the expected timing of a Fed rate cut to July. The US continued to threaten military action against Iran to force it to compromise in nuclear negotiations, while peace talks between the US, Ukraine, and Russia made some progress and began to touch on territorial issues, leading to fluctuating geopolitical risks and triggering safe-haven demand. The US Supreme Court ruled some of the Trump administrations tariff measures illegal, but the Trump administration subsequently introduced new tariff measures based on other legal provisions, raising concerns about uncertainty in US foreign trade policy. The prospect of Fed Chair-designate Kevin Warsh cutting rates but struggling to reduce the balance sheet, along with Treasury Secretary Bessants statement that the Fed may not quickly reduce its balance sheet, and the continued gold purchases by many central banks, may support precious metal prices in the medium to long term.February 24th - According to the itinerary for his visit to China published on the website of the German Chancellors Office, during his visit to Beijing, he will also visit the Forbidden City and the German automaker Mercedes-Benz. Afterwards, Merz will travel to Hangzhou to visit the Chinese robotics company Unitree Robotics and the German company Siemens Energy.