A Single Chart Reveals: Gold Is Approaching a Critical Inflection Point—Technical Indicators Warn of a Possible Peak This Week

FX168 Financial News Agency (Hong Kong) reports that the market will be awaiting the advance release of the nonfarm payrolls report on Thursday, July 2. Ahead of the release, gold futures prices have remained firm, currently trading just below $1,800 per ounce.

Yu Jianing of Huobi University: “Beijing Plan” Unveiled, Accelerating Comprehensive New Infrastructure Development for Blockchain

According to a report by China News Service on July 3, the General Office of the Beijing Municipal People’s Government issued a notice on June 30 promulgating the “Beijing Blockchain Innovation and Development Action Plan (2020–2022)” (hereinafter referred to as the “Action Plan”), which sets out the goal of initially establishing Beijing as a leading hub for blockchain-related technological innovation, application demonstration, industrial development, and talent cultivation, and of taking the lead in formulating a “Beijing Model” for leveraging blockchain technology to drive economic and social development.

Are Central Huijin Bonds, Panda Bonds, and the like considered standardized debt assets? The People’s Bank of China responds.

According to a Q&A session with reporters conducted by a responsible official from the relevant department of the People’s Bank of China on July 3 via the China News Service–Jingwei client, certain debt-based assets that have drawn attention from market institutions—such as policy bank bonds, railway bonds, Central Huijin bonds, and panda bonds traded in the interbank and exchange bond markets—are classified as sub-categories of fixed-income securities under the “Rules for the Identification of Standardized Debt Assets” and thus qualify as standardized debt assets.

Risk Aversion Triggers Liquidity Concerns, Sending Gold Higher Before Retracing

Are Gold Bulls Experiencing “Aesthetic Fatigue”? Gold Prices May Soon Suffer a Sharp Drop

Are Gold Bulls Experiencing “Aesthetic Fatigue”? Gold Prices May Soon Suffer a Sharp Drop

The Xinjiang Mining Expo Will Be Held as Scheduled

The Secretariat of the Xinjiang Silk Road Mining Cooperation Forum and the Xinjiang International Mining and Equipment Expo recently announced that, in active response to the urgent need of mining enterprises to resume production and work, the 10th Xinjiang Mining Expo and Silk Road Mining Cooperation Forum will be held as scheduled from July 16 to 18 at the Xinjiang International Convention and Exhibition Center.