GoldenOctober2024

The dollar index pump0.21%, closing at 103.827. The euro exchange rate fell to $1.0854, the pound exchange rate fell to $1.2952. The dollar exchange rate is 147.74 yen, 0.8831 Swiss francs, 1.4424 Canadian dollars, and 10.2035 Swedish kronor.

Jinshi data, March 14th news, as of the closing of the 13th, the price of light crude oil futures for April delivery on the New York Commodity Exchange fell by $1.13 to $66.55 per barrel, a decrease of 1.67%; the price of Brent crude oil futures for May delivery fell by $1.07 to $69.88 per barrel, a decrease of 1.51%.

Gold futures closed up 1.5%, hitting a historical high of $2984.30 per ounce. Gold futures have been pumping for the third consecutive trading day, with a cumulative increase of 3.2%. Investors are turning to safe assets due to tariff uncertainties, driving the gold price close to $3000. A Mizuho Securities executive stated that investors have nowhere to hide and are choosing to hold cash in gold.

At the close of 2:30 on March 14, Shanghai Gold market maker contract rose by 1.75% to 694 yuan/gram, Shanghai Silver market maker contract rose by 2.29% to 8315 yuan/kg, and SC Crude Oil market maker contract fell by 1.20% to 517 yuan/barrel.

Former U.S. Treasury Secretary Mnuchin believes that the current stock market dumping is an adjustment to President Trump's aggressive trade policy and does not believe that the economy will decline. He pointed out that the market has adjusted within a reasonable range, mainly due to concerns about the impact of tariff policies. Mnuchin advises investors not to overreact, emphasizing that the economy will not fall into a recession, but expressing concerns about the U.S. fiscal deficit and calling for an extension of tax cuts to reduce borrowing pressure.

The US Office of Efficiency proposes to reduce the size of the IRS workforce by 20%, has released details, and plans to discuss at the agency meeting. The reduction will involve nearly 6,800 employees, as well as probationary employees and employees accepting voluntary buyout plans.

Jinshi Data News on March 14th, the World Trade Organization stated on March 13th local time that the organization has received a request from Canada to initiate WTO dispute settlement consultations with the United States regarding the imposition of import tariffs on certain steel and aluminum products from Canada by the United States. The request has been distributed to WTO members on the 13th. The Trump administration imposed tariff measures, imposing a 25% tariff on all steel and aluminum imported into the United States, which officially took effect on March 12th.

Affected by the weak US inflation data and stock market Fluctuation, the price of gold futures has repeatedly hit new highs, approaching the $3000 mark. Analysts expect that the price of gold may continue to pump, driven by economic weakness and global inflation slowdown. A strong US dollar is usually unfavorable for the price of gold, but currently the price of gold is pumping in the case of a strong US dollar, as investors turn to gold as a safe haven asset. Weaker-than-expected US inflation data has boosted hopes of a Fed rate cut, further driving up the price of gold.

On March 14, Jinshi Data reported that Russian President Putin stated on March 13 after meeting with Belarusian President Lukashenko that Russia is ready to welcome Western companies back to Russia. Putin emphasized that Russia is always welcoming Western companies to return, but if their market share has been taken by others after they exited the Russian market, Russia will not provide any preferential treatment for their return to the Russian market.

On March 14, Russian President Vladimir Putin met with visiting Belarusian President Alexander Lukashenko on March 13. At a press conference held after the meeting, Putin said when talking about the fighting in Russia's Kursk Oblast, "The Ukrainian army that invaded Kursk has been completely divided, and the Ukrainian army can no longer retreat from Kursk on a large scale, and can only retreat in small groups of 2-3 people." All that awaits them is Capitulation or extermination. ”

On March 14th, Jinshi Data reported that on March 13th local time, two US officials stated that the White House had instructed the US military to develop a plan to station troops in Panama to achieve President Trump's goal of "reclaiming" the Panama Canal. It is reported that Trump previously stated in a joint session of Congress that in order to further strengthen US security, the Trump administration will "reclaim" the Panama Canal. Since then, government officials have not explained what "reclaim" means. Officials said that the US Southern Command is developing various possible plans, and whether to use military force depends on the degree to which the Panamanian military agrees to cooperate with the US.

On March 14th, Jinshi data reported that Russian President Putin said that Russia agreed to a 30-day ceasefire, but currently Russia has the upper hand on the front line in Kursk. Whether the Ukrainian army retreats unscathed or capitulates on the spot, these issues need to be resolved. Putin also stated that how to monitor the ceasefire and how to resolve many details need further discussion. Putin said he may discuss the above issues with Trump.

On March 13, Jinshi Data, analysts at the Royal Bank of Canada, said in a report that the Bank of England is expected to maintain the Inrerest Rate at 4.50% in the decision on March 20. LSEG's data shows that the market expects a 94% likelihood that the Bank of England will maintain the Inrerest Rate in March. Analysts say the Bank of England may maintain a gradual pace of rate cuts in the coming months and cut rates three times in 2025.

Since 2025, the total amount of gift coins distributed in the fund market has reached 40.5 billion yuan, demonstrating the market's enthusiasm for the Dividend strategy. Huaxia SSE 300 ETF, Southern CSI 500 ETF and other funds have outstanding gift coins amounts. Bond funds account for 78% of Dividend funds, and passive index funds in equity also have a considerable Dividend scale. Dividend not only locks in income, but also enhances the investment experience. Fund companies strengthen the Dividend attributes in product design, enhancing attractiveness.

The United States has proposed to extend the Gaza ceasefire protocol in exchange for Hamas releasing more hostages and increasing humanitarian aid, to buy more time for negotiations and prevent conflicts during the Ramadan and Passover holidays. Special envoy Wotkoff has submitted the latest proposal to extend the ceasefire until April 20, requesting the release of hostages by Hamas. Israel and Hamas plan to use this extension to negotiate a long-term truce.

On March 13, Jinshi data, Spot gold touched 2970 USD/ounce, rising by 1.26% during the day.

On March 13th, Jinshi Data News, Zhimingda stated on the interactive platform that as of now, the company's current orders have indeed risen significantly compared to the beginning of the year, with a significant rise in main ballistic products and airborne products. According to industry demand, it is expected that various categories of products will experience different degrees of rise in the later period.

On March 13th, Jinshi Data reported that the price of gold pumped on Thursday, once again hitting historical highs during the US session, breaking through $2960 per ounce due to the uncertainty of tariffs rising, and the market betting that the Federal Reserve will loosen monetary policy, keeping the attraction of gold strong. Alex Ebkarian, Chief Operating Officer of Allegiance Gold, said, "Gold is currently in a long-term Bull Market. We expect the price of gold to trade between $3000 and $3200 this year." President Trump's latest trade policy has helped gold pump 12% so far this year. In the midst of geopolitical and economic turmoil, gold is a favored asset for investors. In addition, data from the US Department of Labor shows that PPI unexpectedly remained unchanged in February, while CPI accelerated by 0.5% in January and pumped by 0.2% last month. Meanwhile, initial jobless claims in the US fell last week, but government spending was significantly cut and trade wars escalated.

Jinshi data news on March 13th, 2025, according to the data of the Asset Management Association of China, in January 2025, securities and futures operating institutions filed a total of 901 private sale asset management products, a decrease of 25.48% compared to the previous month, an increase of 12.20% year-on-year; the total established scale was 503.55 billion yuan, a decrease of 1.57% compared to the previous month, a decrease of 4.42% year-on-year. As of the end of January 2025, the total scale of private sale asset management products of securities and futures operating institutions was 12.05 trillion yuan (excluding social security funds and enterprise annuities), a decrease of 1295.09 billion yuan from the end of the previous month, down 1.06%.

UK Chancellor of the Exchequer Rishi Sunak will announce the budget on March 26th, analysts point out that he may face financial difficulties and need to cut spending to balance the budget. UK government bond yields are rising, which could lead to risks of bond and pound dumping if substantial spending cuts are not made. Even if a spending reduction plan is proposed, the pound may still weaken as fiscal austerity is expected to be accompanied by monetary easing.