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On Thursday (November 12) in the Asian market in early trading, spot gold remained fluctuating around $ 1,865.3, down slightly on the day. On the previous trading day, the Asian and European spot gold markets have tended to consolidate sideways, trading above the $ 1880 mark, but fell sharply to a daily low of $ 1,856 in the US market, and finally they closed down 0.70% at $ 1,865.52 per ounce. Spot silver fell to US $ 23.76 before the US market, US $ 0.65 from the daily high, and finally closed 0.28% higher at US $ 24.30 an ounce. Spot gold is watching the tipping point of $ 1881 today!
Tracking international news overnight
★★★ Japanese Prime Minister Yoshihide Suga talks to Biden on the phone
According to Kyodo News on November 12, Japanese government officials said that Japanese Prime Minister Yoshihide Suga had the first telephone conversation with US President-elect Biden today. The report says Yoshihide Suga is expected to congratulate Biden on winning the US presidential election by defeating incumbent President Trump last week, and emphasizes the importance of Japan-US relations. Biden has reportedly held phone conversations with leaders of many countries, including Britain, Canada, France and Germany.
★★★ The efficacy of the new Russian crown vaccine “Satellite-V” reaches 92%
According to the Russian Satellite Network, according to the first interim analysis 21 days after the first injection, the new Russian crown vaccine “Satellite-V” showed an effectiveness of 92%.
★★★ The OPEC + negotiations focus on delaying the increase in crude oil production between 3 and 6 months
Several OPEC + representatives stated that the current OPEC + negotiations are focusing on postponing the plan to increase oil production originally scheduled to start next year for between three and six months, but the idea has not received wide-ranging. member state support so far. The Algerian Energy Minister previously stated that OPEC can extend the production reduction agreement until 2021 if necessary. Furthermore, according to market news, Libya’s oil production has exceeded 1.1 million barrels per day.
★★★ OPEC’s monthly report cuts its demand forecast for this and next year again
The OPEC monthly report released on Wednesday showed that due to the new lockdown measures, the demand for OPEC crude oil for this year and the next two years has fallen again, and the demand for OPEC crude oil in the fourth quarter of 2020 is reduced by 960,000 barrels / day; global crude oil is expected in 2020. The demand growth rate decreased by 9.75 million barrels per day.
★★★ EU representatives do not expect any further progress in the UK-EU negotiations this week.
Sources said Wednesday afternoon that negotiations between the EU and the UK are taking place in London and are expected to last until this weekend, but the EU and UK may miss the deadline. to sign a trade agreement in mid-November. Furthermore, EU diplomats expect negotiators to propose a Brexit deal next week, and Brexit will be temporarily placed on the agenda of the November 18 meeting of ambassadors.
★★★ Lagarde: Debt purchases and long-term refinancing operations remain the main tools of the European Central Bank
European Central Bank President Lagarde said that the emergency bond purchase plan and long-term refinancing operations remain the main means to further support the euro zone economy. Additionally, Lagarde also warned that while the latest vaccine news looks encouraging, we may still face the threat of an accelerated spread of the virus and tightening of restrictions.
★★★ The Reserve Bank of New Zealand opens the door to negative interest rates
On Wednesday, the Reserve Bank of New Zealand announced the latest interest rate resolution, keeping the benchmark interest rate unchanged, and said the banking system is preparing for negative interest rates and will launch the financing plan. of loans in December, which opened the door to negative interest rate policies.
★★★ Tesla is developing the third generation vaccine printer for the German vaccine company
Musk said Tesla is currently developing a third-generation vaccine printer for German vaccine company CureVac, and he believes it will be a “very important product for the world.” Previously, Tesla has become a manufacturing partner for German vaccine company CureVac, which is developing a new coronavirus vaccine based on RNA technology.
★★★ Apple’s folding screen is expected to launch around November 2022
According to Techweb, Apple is testing a folding screen, which is expected to launch around November 2022. It has not yet been confirmed which screen technology Apple will use in the folding iPhone, but if all goes according to plan, it may take three to four years change to micrOLED. The foldable iPhone reportedly starts at $ 1499.
[Datos financieros y eventos en los que centrarse hoy]Thursday 12 November 2020
① 15:00 Final value of the monthly CPI rate for October in Germany
② 3:00 PM Monthly rate of UK GDP in September
③ 3:00 PM UK Commodity Trade Account after September Seasonal Adjustment
④ 3:00 PM The revised value of the UK Q3 GDP annual rate
⑤ 3:00 PM UK Industrial and manufacturing production monthly rate for September
⑥ 4:00 PM The Governor of the Bank of England, Bailey, delivered a speech
⑦ 17:00 The IEA announces the monthly report of the crude oil market
⑧ 18:00 Monthly rate of industrial production in the euro zone in September
⑨ 9:30 PM Monthly rate of the US seasonally adjusted CPI for October.
⑩ 9:30 PM The number of initial claims for U.S. unemployment benefits as of November 7
⑪ 24:00 EIA of US crude inventories until the week of November 6
⑫ At 12:45 a.m. the next day the governors of the three major central banks of the United States, Europe and the United Kingdom delivered speeches
⑬ At 03:00 the next day, Fed Williams hosted an online dialogue
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