Category: Flash News

On March 16th, according to a research report by CITIC Securities, gold prices surged at the beginning of the year, with short-term pricing logic driven by the expectation of tariffs catalyzing the risk of spot delivery in New York. Looking at the short term, before the tariffs become clear, the fluctuation of futures and spot premiums may be difficult to completely stabilize, and cross market arbitrage firms may still provide support for gold prices. Looking at the medium term, since 2022, gold prices have deviated from the traditional frameworks of the US dollar and real interest rates. Especially in 2024, the traditional gold framework is clearly ineffective. Returning to the simple logic of supply and demand, the rise in gold prices in 2024 will be driven by two major demand factors, which are crucial in responding to the global macro situation. Firstly, the central bank’s purchasing power remains strong. This is the underlying reason for the upward trend of the gold price center after 2022. The underlying clue is the great power game, and the footnote is the geopolitical conflict. Secondly, the demand for private sector gold investment in Asia, especially in China, is expanding. The underlying clues are due to the reasons for China’s effective demand in 2024. Looking ahead to 2025, the demand factors that will drive the gold price in 2024 will continue to weaken in 2025. Therefore, we predict a “tailwind period” for gold on the high platform in 2024, and the gold price may move from a tailwind period to a volatile period in 2025.

On March 16th, according to a statement from the Iraqi Prime Minister’s Media Office on March 15th local time, Iraqi Prime Minister Sudani had a phone call with French President Macron on the same day, and both sides discussed issues of common concern. Both parties agreed during the call to have a bilateral working group determine the date of Macron’s visit to Iraq. In addition, both sides have reached a consensus on the Syrian political transition process, believing that the process should reflect social diversity and emphasizing the importance of combating terrorism and extremism to promote an inclusive political transition process. Both sides emphasized the need to maintain stability in Lebanon, promote the reconstruction of the Gaza Strip, ensure compliance with the ceasefire agreement, and prevent the escalation of conflicts caused by violations of the ceasefire agreement. (CCTV News)

On March 16th, the CCTV 315 Evening Gala exposed the chaos of high prices for “woodpecker” maintenance services. On the night of the 15th, Woodpecker released its second statement through Weibo, stating that it had given up public relations and accepted the inspection under the sun. The reporter noticed that Woodpecker has closed its order entry on several platforms. At present, Meituan, Alipay, WeChat and other platforms have failed to find the official order entry procedures for woodpecker family maintenance. (Reporter Li Jiayi)

On March 16th, a federal judge in the United States temporarily banned the Trump administration from deporting some undocumented immigrants under the Foreign Enemy Act on March 15th local time. It is reported that the temporary restraining order only applies to those who file a lawsuit on the same day, and the judge will hold a hearing that evening to discuss whether to apply the order more widely.

On March 16, local time, on March 15, President Zelensky of Ukraine said that the United States should not agree to the additional conditions of the ceasefire proposed by Russia. If Russia does not agree to the 30 day ceasefire mechanism proposed by President Trump of the United States, Trump should take a tougher stance on Russia.

On March 16th, in response to the issue of Renren Xin (Tianjin) Technology Co., Ltd. and other related enterprises exposed at the “3.15” evening party of China Central Radio and Television Station, Tianjin has established a joint investigation team composed of market supervision, public security and other departments to carry out investigation and disposal work overnight, resolutely crack down on illegal and irregular behaviors, and effectively safeguard the legitimate rights and interests of the people.

On March 16th, the White House announced on March 15th local time that US President Trump signed a Republican drafted government spending bill to avoid a government shutdown. Previously, the US House of Representatives and Senate passed this government spending bill to ensure that government funds are maintained until September 30th.

On March 16th, CCTV’s 3.15 Evening Gala exposed that Huoyan Cloud stole users’ personal information through illegal technical means under the guise of “precise customer acquisition”, such as web crawling technology to capture data, and even monitor live streaming data and intercept users. A single piece of personal information was sold to a company for up to 6 yuan, involving the company’s Tubatu. In response, the company stated that after verification, it had indeed had business negotiations with its affiliated companies. During the negotiations, the company strictly followed the internal compliance review process and required the other party to provide complete qualification documents and compliance certificates. In the end, the two parties did not reach substantive cooperation. (Reporter Xu Cihao)

On March 15th, local time, Ukrainian President Zelensky called on partners to continue their efforts to form the foundation of future European armed forces. Zelensky posted on the official social media platform that Ukraine believes it is necessary to form a clear position on security guarantees. Security is the key to establishing reliable and lasting peace, and efforts need to continue to build the foundation of the future European armed forces. In addition, Zelensky urged European countries to strengthen their arsenals and production capabilities of the most advanced weapons, and to enhance Ukraine’s air defense capabilities.

On the evening of March 15th, the CCTV 315 Evening Gala exposed the chaos of high prices for “woodpecker” maintenance services. The relevant person in charge of the Chongqing Market Supervision Bureau stated that a preliminary law enforcement inspection will be conducted on its data center equipment tonight. The next step will be to file an investigation into its illegal behavior in accordance with the unified deployment of the State Administration for Market Regulation and the Chongqing Market Supervision Bureau, and to impose administrative penalties as soon as possible. At the same time, draw lessons from this and investigate other illegal activities of the company, as well as similar illegal activities of its subsidiaries and branches.