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Is the market underestimating the probability of a January interest rate cut? This week's employment and CPI data will be key variables.
UBS Group believes that Powell has not ruled out the possibility of a rate cut in January. His concerns about the labor market now outweigh his worries about upward inflationary pressures. If this week's data confirms continued weakness in the labor market (the key being whether the unemployment rate rises to 4.5%) while inflationary pressures remain manageable, the FOMC may reconsider adopting a more accommodative policy stance. The non-farm payroll reports for both October and November will be released on Tuesday, with CPI data announced on Thursday.
The international gold price is showing strong momentum, with Zijin Gold International aiming for a new historical high. Analysts suggest that the gold price is expected to continue its upward trend.
Most Hong Kong-listed gold stocks rose today. As of press time, Zijin Gold International surged over 7% to hit a record high, Chifeng Gold rose nearly 5%, Lingbao Gold increased over 2%, and Zhaojin Mining rose more than 1%.
Everyone Got It Wrong: Why Is Trump's Tariff Policy Out of Touch with Reality?
Tariffs have proven effective in boosting fiscal revenue, but their performance in promoting employment, curbing inflation, and reviving the manufacturing sector has fallen far short of expectations. However, the unexpected surge in artificial intelligence investments has offset some of the negative impacts.
Global Commodities Roundup: Market Talk
How did Robert Kiyosaki, the author of 'Rich Dad Poor Dad,' accumulate wealth at the age of 18 by purchasing silver and smuggling gold?
Before achieving fame or wealth, Robert Kiyosaki, the author of 'Rich Dad Poor Dad,' made a quiet decision at the age of 18 to buy silver. Years later, he further positioned himself by smuggling gold—moves which, he stated, transformed how he accumulated wealth outside the system. Last week, Robert Kiyosaki shared on the social media platform X how his investment journey began.
The rebalancing of key commodity indices is imminent, and gold and silver futures are expected to face significant selling pressure!
JPMorgan has warned that, due to outperforming the broader market for three consecutive years, the weights of gold and silver in the Bloomberg Commodity Index (BCOM) have become significantly overstretched. During the index rebalancing in January 2026, passive funds will be forced to execute 'technical selling.' The anticipated scale of futures selling is expected to account for 9% and 3% of total open interest in silver and gold, respectively.