The central bank will buy more than 4 tons of gold after half a year. Will the price of gold rise? According to the latest data from the Bank of China, the official gold reserve of China at the end of November 2024 was 72.96 million ounces, an increase of 160,000 ounces (about 4.54 tons) compared with the end of October, which means that the People's Bank of China increased its holdings of gold for the first time in half a year. Why did the central bank buy gold again after half a year? What is the trend of the subsequent gold price? Guo Zhongwei, chief analyst of non-ferrous industry in Zhongtai Securities, said in an interview that the uncertainty of the global situation has increased recently, especially Trump is about to officially take office as president of the United States, or the anti-globalization trend has been intensified, thus increasing the instability of the external environment. In this context, increasing gold holdings will help to enhance the security of China's reserve assets. . The market generally believes that the resumption of gold purchase by the Bank of China resonates with the global interest rate cut cycle, and the increase in holdings is significantly higher than the level of the last gold purchase before the suspension, which not only strongly supports the gold price, but also greatly boosts the market's confidence in the market outlook. (The country is a through train)KPMG: Artificial intelligence has produced a convincing level of return on investment, and the return on investment value of generative AI is higher. On December 10th, KPMG, one of the top four international accounting firms, said that artificial intelligence (AI) has produced a convincing level of return on investment, and the return on investment of machine learning, deep learning and generative AI all met or exceeded expectations. "Among them, the return on investment value of generative AI is relatively higher." KPMG pointed out that at present, the application of generative artificial intelligence is growing, and generative artificial intelligence has become the top priority of the future layout of enterprises. KPMG stressed that with the accelerated growth of AI applications, the technology dividend will increase exponentially, and the return on investment of AI is very significant. At present, the industry changes brought by artificial intelligence are taking place, and it is very important to change from passive thinking to active thinking.Orient securities gave Yuekang Pharmaceutical Group Co., Ltd. an initial buy rating.
Finance Minister of Canada: It is expected that the government will reach the debt-to-GDP ratio predicted in the budget, and the economic report in autumn will show that the government is meeting its financial targets.Israeli Defense Minister: Israel is establishing a non-threat defense zone in southern Syria.Shangtang Technology issues no more than 1.87 billion shares at a price of HK$ 1.46-1.52 per share.
The US Department of Commerce has finalized a chip subsidy of more than $6.1 billion to Micron Technology. The White House said in a statement on Tuesday that the US Department of Commerce has finalized a plan to provide more than $6.1 billion in subsidies to Micron Technology, a memory chip manufacturer.Finance Minister of Canada: The debt-to-GDP ratio will reach the government target of 42.1% in fiscal year 23-24.The pace of interest rate cuts may be inconsistent. The pound rose to the highest level against the euro since 2022, and the pound rose to the highest level against the euro in more than two and a half years. British government bonds fell because the market expected that the Bank of England would cut interest rates less than Europe. On Tuesday, the pound rose 0.3% against the euro to 82.50p, the first time since April 2022. British government bonds fell across the board, and the 10-year yield rose to 4.33%, the highest since November 28. Traders expect the Bank of England to stay put at its last policy meeting this year next week and maintain a cautious stance on subsequent interest rate cuts. The country's growth remains strong, while inflation in some areas remains high. At the same time, it is widely believed that the European Central Bank will cut interest rates by 25 basis points on Thursday to support the economy. "The 0.8200 mark is imminent," said Brad Bechtel, global foreign exchange director of Jefferies. "It is clear that the Bank of England will still lag far behind the European Central Bank in the pace and extent of interest rate cuts.