Nonfarm Payrolls Ignite the Market; U.S. Gold Futures Show Short-Term Bullish Bias

Today is Monday, February 6. The front-month U.S. gold contract opened at $1,878.00 per ounce, compared with yesterday’s close of $1,877.70. Spot gold opened at $1,860.74 per ounce, versus yesterday’s close of $1,865.63; as of 11:57 Beijing time, the front-month U.S. gold contract was trading at $1,888.60 per ounce, up 0.58%, while spot gold was quoted at $1,875.89 per ounce, up 0.56%.

On February 6, the most active Shanghai gold contract opened at RMB 419.34 per gram, while the Gold TD contract opened at RMB 418.50 per gram.

On February 6, the main Shanghai gold contract opened at RMB 419.34 per gram, while the gold TD contract opened at RMB 418.50 per gram.

Spot gold hits a 19-month high, with three key factors expected to continue driving investor risk aversion.

During negotiations held in Belarus, the parties made a third attempt to ease the bloody conflict; however, negotiators cautioned against expecting the next round of talks to yield a final outcome.

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.