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New York gold futures fell below $4,400 per ounce, down 2.28% on the day.On May 27th, the German Council of Economic Experts lowered its growth forecast for Europes largest economy, citing the Middle East conflict, rising energy prices, and the impact of US trade policies. According to the councils spring report to the government, economists now expect Germanys economy to grow by 0.5% this year, down from the 0.9% forecast in November. The council predicts growth of 0.8% in 2027. The German Ministry of Economic Affairs had already lowered its economic growth forecasts for 2026 and 2027 in April, while raising its inflation forecast. The government now expects economic growth of 0.5% in 2026, down from its previous forecast of 1.0%, and lowered its 2027 growth forecast from 1.3% to 0.9%.JPMorgan Chase CEO Jamie Dimon: Spending this year could be even higher.On May 27, Xu Lin, Secretary of the Guizhou Provincial Party Committee, and Li Bingjun, Deputy Secretary of the Provincial Party Committee and Governor of Guizhou Province, met with Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission (CSRC), in Guiyang. Xu Lin and Li Bingjun, on behalf of the Provincial Party Committee and the Provincial Government, welcomed Wu Qing and his delegation and expressed their gratitude to the CSRC for its care and support for Guizhou. They said they hoped the CSRC would continue to care for Guizhou and provide more guidance and support in areas such as cultivating listed companies, capital market financing, and optimizing the layout of industrial funds. Wu Qing thanked Guizhou for its strong support of the CSRCs work. He said that Guizhous capital market development has unique characteristics and great potential. The CSRC will fully leverage the functions of the capital market, actively meet Guizhous needs, and strengthen communication and cooperation with Guizhou in areas such as financial support for the development of characteristic and advantageous industries, improving the quality and efficiency of listed companies, stimulating the M&A market, and preventing and resolving risks, providing strong support for Guizhous high-quality development and modernization.Market news: Ukrainian President Zelensky sent an urgent letter to Trump, warning that Ukraine faces a critical missile defense shortage.