EUR/USD
1.18450
-0.046%
Gold
4966.46
-0.495%
Oil
63.468
-0.153%
USD/JPY
153.184
-0.214%
GBP/USD
1.36176
-0.085%
GBP/JPY
208.604
-0.286%
Real-time News
February 17th, Futures News – According to foreign media reports, gold prices currently appear to be consolidating around $5,000, but this doesnt mean the precious metal will remain there indefinitely – an international bank has raised its second-quarter gold price target. ANZ commodities analysts stated in their latest gold report that they expect gold prices to reach $5,800 per ounce in the second quarter, a significant upward revision from their previous target of $5,400. The analysts stated, "Although recent market volatility has raised questions about whether gold prices have peaked, we believe this rally is not yet mature and will not reverse in the short term." Gold prices have fallen sharply from their historical high of nearly $5,600 last month, causing some investors to worry about a potential price crash, similar to the price movements after the highs of 1980 or 2011. However, ANZ points out that the current market environment is very different, with gold prices receiving strong support as the market expects the Federal Reserve to cut interest rates at least twice this year. Easing inflationary pressures are also driving the market to price in a third rate cut before December. Analysts say they expect the Federal Reserve to cut interest rates by 25 basis points twice, in March and June respectively. This will continue to lower real interest rates, supporting inflows into gold. Geopolitical and economic uncertainties are expected to persist, with Trump continuing to use tariffs as a threat. The market is gradually focusing on the potential impact of tariffs, an impact that has not yet been fully reflected in economic and inflation data.February 17th - US President Trump pressured Ukraine on the 16th to reach an agreement with Russia "quickly." Answering reporters questions aboard Air Force One that day, Trump said the new round of US-Russia-Ukraine talks in Geneva on the 17th was important and would be "very easy." Trump specifically named Ukraine: "Ukraine had better get back to the negotiating table quickly... Were in position, and we hope they come."The Australian Competition and Consumer Commission (ACCC) has announced that ExxonMobil (XOM.N) will be fined A$16 million for making misleading statements about fuel sales at nine petrol stations.Faraday Future Co-CEO Jia Yueting: Faraday Future will launch the EAI Robotics Improvement Plan and recommends major adjustments to AIxC.February 17th - A report recently released by the Peoples Bank of China shows that by the end of 2025, total asset management assets reached 120 trillion yuan, a year-on-year increase of 13.1%. The scale of asset management products grew rapidly, with new assets mainly invested in interbank deposits and certificates of deposit. According to the report, by the end of 2025, asset management products held a total of 28.7 trillion yuan in interbank deposits and certificates of deposit, a year-on-year increase of 18.9%, with a cumulative increase of 4.6 trillion yuan throughout the year, accounting for about half of all new underlying assets of asset management, an increase of more than 20 percentage points compared with the same period of the previous year. The report emphasizes that as my countrys financial market continues to deepen, direct financing is developing rapidly, and financing channels are becoming more diversified, residents savings assets will be allocated and selected more diversified between bank deposits and financial assets such as asset management products.
