MBSPDRG@EC2701A

Trump's Tariff Threats Lead to Record High Gold Prices

Gold Prices Rebound as Dollar's Upward Momentum Pauses, Investors Await Fed Officials' Rate Comments

Federal Reserve's Interest Rate Cut Imminent, Gold Prices Reach New Highs

Harris's Election Will Lead to Surge in U.S. Debt and Gold Prices

Discussion on the Federal Reserve's Potential 50 Basis Point Rate Cut

Federal Reserve Rate Cut Expectations Stabilize Gold Prices

Employment Report Affects Gold Prices and Federal Reserve Rate Cut Debate

U.S. Job Vacancies Drop to Lowest Level Since January 2021

Analysis of the Worst Seasonal Month for US Stocks and Fed Rate Cut Expectations

Gold Price Surpasses $2500, Analysts Predict Fed Rate Cuts Will Drive Gold Upward

World Gold Council: Outlook for the future, gold jewelry demand in the Chinese market may improve in the second half of the year

Gold price soars as Fed Chair Powell's dovish comments hit the US dollar and bond yields

US economic data released, investors focus on central bank rate cut timing

Expectations of US rate cuts in September continue to rise, boosting demand, and gold prices rose slightly

Spot gold rises above $2470/ounce, hitting a new historical high on July 17, 2024

Investors await comments from Fed officials and economic data for further clues on US interest rate policy, the dollar remains strong, and gold stabilizes on Monday

Powell's last congressional hearing before the election is coming tonight! Will he release more dovish signals?

Increased expectations of a September rate cut in the United States, gold prices fall

US Dollar Index Under Pressure, Gold Price Rebounds

CAPITAL VC RTS

CH SUPPLY CHAIN

SV VISION

KIDDIELAND

BASETROPHY GP

GLORY FLAME

GOLDWAY EDU

POLYFAIR HLDGS

OPTIMA AUTO

YUNNAN ENERGY

159562

600489

600547

518850

A surge in gold prices and FX swaps have propelled India's foreign exchange reserves to a record $709 billion, enhancing the central bank's capacity to stabilize the rupee amid capital outflows and U.S. trade tensions. The rupee has faced pressure, hitting a lifetime low of 91.9850, yet reserves have increased by $25 billion since last August, despite interventions. The Reserve Bank of India has utilized buy/sell USD-INR swaps to mitigate liquidity impacts, with ongoing operations expected to influence future reserve levels.

Reuters

Agnico Eagle Mines

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Pro Ultr GLD

Invesco Db Precious Metals ETF

INVESCO INDIA EXCHANGE TRADED FD TR INDIA ETF

Abrdn Gold ETF Trust

ZHONGJIN GOLD

iShares MSCI Global Gold Miners

ISHRS MSCI India

SD-GOLD

Us Gbl GLD & Met

VanEck Junior Gold Miners ETF

Kinross Gold

Abrdn Precious Metals Basket ETF Trust

ChinaAMC Gold ETF

VanEck Gold Miners ETF

Gold.com

iShares Gold Trust

Zijin Mining

GLOBAL X Gold Explorers

SPDR Gold Shares

Newmont

Gold rally, FX swaps bolster India central bank's shield for rupee

02840

02259

02899

Spot gold falls over 6% to $4,563.36/oz

marketscreener

Pro Ultrshrt GLD

ISHRS MSCI Glb Slct Met & Mining

SPDR GOLD TRT

Wisdomtree Efficient Gold Plus Gold Miners Stgy Fd - ETF

ZIJIN GOLD INTL

MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF

SD GOLD

ZIJIN MINING

Direxion Daily Gold Miners Bear 2X

SPDR S&P Mtls & Mng

Tradr 2X Long NEM Daily ETF

ZHAOJIN MINING

Spot gold falls over 6% to $4,563.36/oz

03081

83081

09081

09840

82840

Spot gold is expected to retrace further into the $4,361-$4,476 range per ounce, following a failure to stabilize around the key support level of $4,662. This indicates a potential extension towards the $4,174-$4,289 range, with a more realistic target at $4,476. Resistance is noted at $4,777, and a break above could lead to gains into the $4,848-$4,963 range. The market's recent decline from $5,599 confirms the completion of a five-wave cycle, suggesting a possible stabilization and bounce in the $4,300-$4,549 zone.

VALUEGOLD ETF

E Fund Gold ETF

FL2CSOPGOLD

VALUEGOLD ETF-R

VALUEGOLD ETF-U

SPDR GOLD TRT-U

SPDR GOLD TRT-R

Spot gold may retrace further into $4,361-$4,476 range

The Hong Kong stock market fell in the morning session, with the Hang Seng Index down 656 points or 2.4%, reporting at 26,730 points. The National Index fell 252 points or 2.7%, and the Hang Seng Tech Index dropped 210 points or 3.7%. The commodity market is volatile, with gold and silver prices continuing to decline, leading to a general drop in related stocks. Brent crude oil fell by more than 4%, with noticeable declines in PetroChina and CNOOC. Domestic property stocks and telecom stocks also experienced declines due to VAT adjustments, with the overall market turnover at HKD 178.124 billion

AASTOCKS

China Mobile

HSCEI ETF

Guotai CSI Oil & Gas Industry ETF

China Southern CSI Communication Service ETF

Hang Seng Index

ChinaAMC CSI 5G Communication ETF

PETROCHINA

E Fund CSI Petrochemical Industry ETF

CHINA UNICOM

CHK OIL

CNOOC F03 N3305

CHINA TELECOM

SINOPEC CORP

Guotai CSI All Share Communications Equipment ETF

Harvest CNI Communication ETF

CNOOC F12 N4205

CNOOC

Sinopec Corp.

CNOOC F13 N4305

China Unicom

CHINA MOBILE

ChinaAMC CSI Petrochemical Industry ETF

"Hong Kong Stocks" Hang Seng Index drops 656 points in half a day, commodities, Chinese telecommunications, and automotive stocks under pressure

Clifford Modern Living Invests Further HK$46 Million in Gold Bullion

Clifford Modern Living Invests Further HK$46 Million in Gold Bullion

The New York Mercantile Exchange announced an increase in the margin for gold and silver futures, with the margin for non-high-risk gold contracts rising from 6% to 8%, and high-risk contracts from 6.6% to 8.8%. For silver, the margin for non-high-risk contracts increased from 11% to 15%, and for high-risk contracts from 12.1% to 16.5%. The margin for platinum and palladium futures will also be raised. Precious metal prices are volatile, with spot silver down 8.84% and spot gold down 4.9%

Abrdn Silver ETF Trust

iShares Silver Tr

Pro Ultr Silver

iShares MSCI Global Silver Miners

Sprott PHYs Silver

HS GOLD ETF

Pro Ultrshrt Silver

Abrdn Platinum ETF Trust

Sprott Silver Mnrs & Physical Silver ETF

Sprott Active Gold & Silver Miners ETF

Global X Silver Miner

The New York Mercantile Exchange raises margin requirements for gold and silver futures

Asian shares fell as Wall Street futures declined, with significant drops in precious metals like silver, which lost 5% amid chaotic trading. Oil prices also dropped 3% following comments from President Trump about potential talks with Iran. Japan's Nikkei was a rare gainer, buoyed by expectations of a political victory for the ruling party. The week ahead is packed with corporate earnings reports, with major companies like Alphabet and Amazon in focus. The dollar steadied against the yen, while gold and silver prices experienced volatility, prompting some analysts to view it as a buying opportunity.

- Asian shares declined, following Wall Street futures, due to volatile trading in precious metals amid a busy week of earnings and economic data.  
- Japan’s Nikkei was an exception, gaining 0.3% as polls indicated the Liberal Democratic Party could secure a majority in upcoming elections, potentially easing political uncertainty.  
- The dollar steadied while the yen softened, influenced by market speculations regarding U.S. interest rates amid various central bank meetings, with expectations of rate cuts largely unchanged.

China Southern CSI SWS Non-Ferrous Metal ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Alphabet

Yinhua CSI Non-ferrous Metal ETF

Alphabet - C

Wtree Jpn Hdg Eq

GLOBAL MARKETS-Shares slip in Asia as metals melt, earnings loom

Spot gold prices briefly plunged, falling below $4,600 per ounce at one point, down 6.10% on the day. (Jinshi)

CoinLive

Gold ETF

Huaan Yifu Gold ETF

DB Gold Double Long ETN

ICBCCS CSI SH-SZ-HK Gold Industry Equity ETF

Spot gold once fell below $4,600.

Chinese speculators have significantly influenced the recent crash in gold and silver prices, with silver plummeting 26% and gold dropping 9% in a single day. This dramatic shift followed a period of frenzied trading driven by speculation, particularly from Chinese investors. The market had been experiencing a surge due to increased demand and distrust in the US dollar, but the rapid reversal has left traders shocked. The volatility in precious metals is noted as unprecedented, with record trading volumes in ETFs and options reflecting the chaotic market conditions.

Businesstimes News

Chinese speculators set the stage for gold and silver crash

By Eric Peters, CIO of One River Asset Management

ZeroHedge

Hedge Fund CIO: "Friday's Dramatic Reversal In Gold And Silver Means Markets Have Given Us A Bit More Time"

Gold and silver experienced a significant market value loss of approximately $7.4 trillion, highlighting the risks associated with perceived safe investments. The selloff was driven by a sudden contraction in global liquidity rather than fundamental changes in market conditions. Investors are urged to reconsider their hedging strategies, focusing on liquidity behavior rather than just asset class diversification. The distinction between price-sensitive and liquidity-sensitive buyers is crucial in understanding market dynamics during volatility. The current market signals caution, as liquidity remains fragile despite potential physical demand stabilizing prices over time.

Dow Jones

GraniteShares Gold Trust

Veck Merk GLD

ICBCCS Gold ETF

Guotai Gold ETF

SPDR Gold Minishares

Fullgoal Shanghai Gold ETF

First Seafront Gold ETF

Gold and silver's $7 trillion wipeout delivers a painful lesson about risk

Hong Kong Financial Secretary Paul Chan highlighted in his essay that safe-haven assets, including gold, have seen significant corrections after a period of rapid growth. Gold prices surged nearly 30% in January, reaching a peak of US$5,600, but have since fallen over 12%. Despite global market volatility, Hong Kong's financial system remains stable, with total bank deposits exceeding HK$19 trillion. Chan warns of considerable risks and volatility in the coming year due to the rapidly changing global political and economic landscape.

Hong Kong Financial Secretary: Safe-haven assets such as gold have experienced a sharp pullback after a period of rapid growth.

Li Weihong has been elected chairman of the Hong Kong Financial Affairs Committee. He advocates for the development of virtual asset derivatives and futures markets, urging faster license upgrades and extended trading hours on the Hong Kong Futures Exchange. Additionally, he calls for the establishment of an international gold trading center and aims for Hong Kong's early accession to the RCEP to facilitate zero-tariff exports of gold and precious metals to member countries.

HASHKEY HLDGS

Hong Kong Exchanges and Clearing (HKEX)

HKEX

Li Weihong was elected chairman of the Hong Kong Financial Affairs Committee and had previously called for the opening up of more virtual asset derivatives.

The Federal Reserve maintains interest rates, and Trump's nomination of Waller as the new chairman leads to fluctuations in the gold market, stock market, and cryptocurrency market. Hang Seng Bank launches a 2-month Hong Kong dollar time deposit with a preferential interest rate of 5 basis points, subject to savings deposit growth requirements. PAObank and WeLab Bank offer 3-month time deposit rates of 2.9 basis points and 2.75 basis points, respectively. In terms of general time deposit rates, Hang Seng offers 2.4 basis points for 2-month and 3-month deposits, and 2.1 basis points for 6-month deposits. Mox Bank's time deposit rates remain between 2.4 basis points and 2.6 basis points

- The U.S. Federal Reserve maintained interest rates last week, while President Trump nominated Kevin Warsh, causing significant shifts in financial markets.  
- Investors looking for stability in February may consider high-yield time deposits, with banks like Hang Seng and PAObank offering competitive rates.  
- Notably, Hang Seng's 2-month deposit now offers a 5% interest rate under certain conditions, targeting an increase in savings deposits.

Stheadline

Mara

ARK 21Shares Bitcoin ETF

Amplify Transform Data Sharing ETF

Coinbase

Circle

American Bitcoin

ARK Fintech Innovation ETF

Galaxy Digital

ProShares Bitcoin Strategy ETF

iShares Bitcoin Trust ETF

Hut 8 Mining

Global X Fintech

Bitwise Bitcoin ETF

Fidelity Wise Origin Bitcoin Fund - ETF

Bitfarms Canada

Grayscale Bitcoin Trust BTC - ETF

Fixed Deposit Strategy | Major Adjustment in Gold and Cryptocurrency Stocks, Fixed Deposit Safety in the New Year, 2.9% for 3 Months, A Major Bank Offers 5% High-Interest Promotion

Gold and silver prices have crashed significantly, with gold futures dropping 13% and silver futures nearly 21% in just two days. This decline follows a period of record highs and is attributed to profit-booking and speculation regarding the US Federal Reserve's monetary policy. Stocks of gold financiers like Muthoot Finance and Hindustan Zinc have also seen sharp declines. Analysts suggest that this price drop may present a buying opportunity, while volatility is expected to continue as markets await the Union Budget announcement.

Money Control

Gold, silver prices crash up to 30% in two days: Hindustan Zinc, MCX, Muthoot Finance, other stocks in focus on Budget Day

MBSPDRG@EC2701A(19289.HK)

Gold rally, FX swaps bolster India central bank's shield for rupee

Spot gold falls over 6% to $4,563.36/oz

Spot gold may retrace further into $4,361-$4,476 range

"Hong Kong Stocks" Hang Seng Index drops 656 points in half a day, commodities, Chinese telecommunications, and automotive stocks under pressure

Clifford Modern Living Invests Further HK$46 Million in Gold Bullion