The price of gold is expected to break through the market. The key data of the United States are expected tonight, and the price of gold is basically flat on Wednesday. The market expects the key inflation data of the United States, which may affect the general expectation of interest rate cuts and provide more clues for the outlook in 2025. Rhona O‘Connell, an analyst at StoneX, said that the market is concerned about the upcoming inflation data and will pay attention to President Powell's post-meeting comments next week for further policy insights. O' Connell added that the price of gold was once stagnant but showing signs of recovery. The recent rebound was driven by geopolitical risks, and the price of gold reached the upper limit of the range, but did not break through the high point. Kyle Rodda, a financial market analyst in Capital.com, said: "The expected data almost gives the Fed a green light to cut interest rates next week, which may be a gold price catalyst." Goldman Sachs said that the main downside risk of predicting that gold will be $3,000 per ounce by the end of 2025 is that the Fed will cut interest rates, not that the dollar will strengthen. Goldman Sachs predicts: "If the Fed cuts interest rates again, the price of gold will rise to $2,890 per ounce."The Bank of Japan believes that the cost of waiting for the next rate hike is not high, but it is also open to raising interest rates this month. According to informed sources, Bank of Japan officials believe that there is almost no cost to wait before raising interest rates, and they are still open to raising interest rates next week, depending on data and market development. According to people familiar with the matter, even if the Bank of Japan decides to wait until January next year or a little longer before raising interest rates, the relevant authorities believe that this will not bring huge costs, because there are signs that there is little risk of inflation overshoot. According to people familiar with the matter, officials think it is only a matter of time before the next rate hike, because the economy and inflation are in line with their forecasts. According to people familiar with the matter, officials will make a final decision only after carefully evaluating the data and financial markets before announcing the policy decision in December. Bank of Japan Governor Kazuo Ueda and his committee will discuss next week whether it is necessary to raise the benchmark interest rate from 0.25%. Unlike the situation in July, the yen did not show a strong weakness, so the Bank of Japan believes that the risk of the yen pushing up inflation has weakened.The Ministry of Finance successfully issued the sixth issue of RMB 6 billion treasury bonds in 2024 in Hong Kong. On December 11th, the Ministry of Finance of People's Republic of China (PRC) issued the sixth issue of RMB 6 billion treasury bonds in 2024 in Hong Kong Special Administrative Region for institutional investors, which was widely welcomed by investors, with a subscription multiple of 3.58 times. Among them, the two-year (additional issuance) is 2 billion yuan, and the issue price is 100.62 yuan, corresponding to the issue interest rate of 1.70%; 3-year (additional issuance) 2 billion yuan, the issue price is 101.28 yuan, corresponding to the issue interest rate of 1.70%; 5-year (additional issuance) 2 billion yuan, the issue price is 102.41 yuan, corresponding to the issue interest rate of 1.80%.
Jinfei Kaida: The controlling shareholder plans to increase the company's shares by 50 million yuan to 100 million yuan. Jinfei Kaida announced that the controlling shareholder Jinfei Holdings plans to increase the company's shares by 50 million yuan to 100 million yuan. Jinhua Branch of China Construction Bank Co., Ltd. issued the "China Construction Bank Loan Commitment Letter" to Jinfei Holdings on December 10th, promising to provide Jinfei Holdings with a special loan of no more than 90 million yuan for stock increase, with a loan period of 3 years.Analysts commented on the US CPI in November: the data is in line with expectations, and there may be four interest rate cuts next year. Brian Jacobsen, chief economist of Annex Wealth Management, said: "There is nothing unexpected in the CPI report, and everything is in line with expectations. Housing cost is still the main driver of inflation. With the employment report and inflation report, nothing can stop the Fed from cutting interest rates by 25 basis points next week. What will be exciting is the summary of the Fed's economic forecast. There may be four interest rate cuts in 2025, and inflation will eventually fall to the target level. "The International Finance Association predicts that the capital flowing into emerging markets will decrease by 24% in 2025, and the International Finance Association predicts that the capital flowing into emerging markets will decrease by 24% to $716 billion in 2025. It is estimated that in 2025, Mexico's portfolio inflow will drop by a quarter to $1 billion, and in 2025, India's portfolio inflow will more than triple to $22 billion.
Analysts commented on the US CPI in November: the data is in line with expectations, and there may be four interest rate cuts next year. Brian Jacobsen, chief economist of Annex Wealth Management, said: "There is nothing unexpected in the CPI report, and everything is in line with expectations. Housing cost is still the main driver of inflation. With the employment report and inflation report, nothing can stop the Fed from cutting interest rates by 25 basis points next week. What will be exciting is the summary of the Fed's economic forecast. There may be four interest rate cuts in 2025, and inflation will eventually fall to the target level. "OPEC Monthly Report: Russia slightly cut its oil production in November. On Wednesday, OPEC quoted data from second-hand sources as saying that Russia's crude oil production in November decreased slightly by 0.7 million barrels per day to about 8.99 million barrels per day. This is basically consistent with Russia's monthly production quota of 8.98 million barrels under the OPEC+agreement (including voluntary production reduction). Russia promised to cut production in October and November this year and from March to September next year to make up for the excess production since April. The output of Iraq and Kazakhstan has also been higher than the target, and they also promised to further reduce production to compensate for their excess production.Syrian armed opposition leader Golani: We will not pardon those who participated in the torture and killing of detainees. They will be hunted down in Syria and asked to hand over the fugitives.
Strategy guide
Strategy guide