News and Information
Gold prices fell below 1965, and safe-haven demand weakened. How long will the gold correction last?
In the US market on Tuesday (October 24), gold prices continued to fall, further away from the five-month high hit last week, influenced by the strengthening of the US dollar and rising Treasury yields, while traders closely watched US economic data and Middle East tensions. As of press time, spot gold fell 0.45% to $1,964.31/oz. (30-minute chart of spot gold) COMEX most active gold futures contract Beijing time on October 24 21:4...
On October 25, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on October 25, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1785 yuan, 1 euro to 7.6449 yuan, 100 yen to 4.8268 yuan, 1 Hong Kong dollar to 0.91757 yuan, 1 pound to 8.7812 yuan, 1 Australian dollar to 4.5985 yuan, 1 New Zealand dollar to the people...
Bankers predict: How far can the strength of the Canadian dollar go?
Gary Howes, editor of Pound Sterling Live, gave a forecast for the Canadian dollar in the coming week, noting that the strength after the central bank meeting may not last long. House pointed out that the main focus of the Canadian dollar in the coming week is the decision of the Bank of Canada (BoC) on Wednesday, and the market tends to announce that it will maintain the policy rate at 5.0%. House believes that such an outcome will be consistent with the stable Canadian dollar exchange rate.
ByteTree Chief Investment Officer: Rising interest rates cannot shake the appeal of gold
ByteTree Chief Investment Officer Charlie Morris said that ignoring interest rate hikes and soaring bond yields, gold prices have become more closely tied to the global money supply. Kitco News financial editor Ernest Hoffman wrote an article on the latest Atlas Pulse gold report by ByteTree Chief Investment Officer Charlie Morris...
On October 24, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on October 24, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1786 yuan, 1 euro to 7.6899 yuan, 100 yen to 4.8265 yuan, 1 Hong Kong dollar to 0.91739 yuan, 1 pound to 8.8271 yuan, 1 Australian dollar to 4.5734 yuan, 1 New Zealand dollar to the people...
On October 23, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on October 23, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1792 yuan for 1 US dollar, 7.6378 yuan for 1 euro, 4.8234 yuan for 100 yen, 0.91739 yuan for 1 Hong Kong dollar, 8.7696 yuan for 1 pound, 4.5647 yuan for 1 Australian dollar, and 4.5647 yuan for 1 New Zealand dollar.
Gold trading reminder: The Federal Reserve's vague statement weighed on the dollar, and gold prices rose to a nearly three-month high
On Thursday (October 19), the dollar fell as Federal Reserve Chairperson Jerome Powell reiterated his stance that interest rates must remain higher for longer and lacked immediate support for November rates, and the gold market continued to trade near intraday highs. (Spot Gold Chart) Spot gold closed up 1.37% on Thursday at $1974.15/oz, returning to its high since mid-July. COMEX December Gold Futures...
Renowned economist: The actual inflation rate in the United States is close to 15%.
US video-streaming giant Netflix released strong third-quarter results on Wednesday, and its share price rose more than 12.5% after hours. The biggest bright spot in the earnings report was the surge in Netflix's subscribers, and the global net new subscribers 8.76 million, which was 2.41 million in the same period last year, far exceeding the 6.20 million expected by Wall Street and setting the largest quarterly net new record since the second quarter of 2020. At the same time as the surge in users, Netflix announced price increases in the largest markets such as the United States, Britain and France for 2022...
On October 20, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on October 20, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market will be 7.1793 yuan for 1 US dollar, 7.6275 yuan for 1 euro, 4.8232 yuan for 100 yen, 0.91786 yuan for 1 Hong Kong dollar, 8.7510 yuan for 1 pound, 4.5634 yuan for 1 Australian dollar, and 4.5634 yuan for 1 New Zealand dollar for the people.
On October 19, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on October 19, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market will be 7.1795 yuan for 1 US dollar, 7.6082 yuan for 1 euro, 4.8278 yuan for 100 yen, 0.91721 yuan for 1 Hong Kong dollar, 8.7713 yuan for 1 pound, 4.5770 yuan for 1 Australian dollar, and 4.5770 yuan for 1 New Zealand dollar for the people.
On October 18, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on October 18, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1795 yuan, 1 euro to 7.6259 yuan, 100 yen to 4.8287 yuan, 1 Hong Kong dollar to 0.91764 yuan, 1 pound to 8.7863 yuan, 1 Australian dollar to 4.5983 yuan, 1 New Zealand dollar to the people...
On October 17, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on October 17, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1796 yuan, 1 euro to 7.5944 yuan, 100 yen to 4.8314 yuan, 1 Hong Kong dollar to 0.91851 yuan, 1 pound to 8.8046 yuan, 1 Australian dollar to 4.5687 yuan, 1 New Zealand dollar to the people...
The United States has stopped the escalation of violence in Gaza, and gold and crude oil are extremely sensitive
Stocks slid during Asian trading on Monday (Oct 16), with crude oil prices holding above $90 a barrel and the safe-haven dollar strengthening on heightened fears of escalating violence in Gaza and the prospect that the conflict could spread from Israel and Hamas to the wider region. Japan's Nikkei Stock Average fell 2%, Hong Kong's Hang Seng index fell 0.43%, and mainland blue-chip stocks fell 0.69%. Australia's S & P/ASX 200 index fell 0.35%...
Silver Trading Analysis: Silver Prices Still Have Nearly 2% Rising Space
At the end of the Asian market on Monday (October 16), spot silver fell back mildly after surging in the previous trading day, and the silver price is currently around $22.50/ounce. This article provides a forward-looking analysis of the intraday silver trend. Silver prices have overcome the bullish target of $22.25/ounce, which opens up space for the silver price to rise further in the future. Last Friday, spot silver closed up 4% at $20.70/ounce. Silver prices successfully broke through $22.25/ounce, from...
On October 16, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on October 16, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1798 yuan, 1 euro to 7.5920 yuan, 100 yen to 4.8320 yuan, 1 Hong Kong dollar to 0.91770 yuan, 1 pound to 8.7720 yuan, 1 Australian dollar to 4.5600 yuan, 1 New Zealand dollar to the people...
