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Hello everyone, today XM Forex will bring you "[XM Forex Official Website]: Sufficient supply suppresses oil prices, the Federal Reserve's resolution is about to take place, and the gold price returns above 4210." Hope this helps you! The original content is as follows:
On Wednesday (December 10, Beijing time), spot gold was trading around US$4,210 per ounce. On the eve of the Federal Reserve’s upcoming interest rate decision, the precious metal performed strongly. Spot silver rose sharply by 4.2% on Tuesday, breaking through the $60 per ounce mark for the first time; U.S. crude oil traded around $58.40 per barrel. Oil prices fell on Tuesday, with the market focusing on the progress of Russia-Ukraine peace negotiations, sufficient supply, and the upcoming Federal Reserve interest rate decision.
U.S. stocks were mixed on Tuesday, with the market trading cautiously ahead of the Federal Reserve's interest rate decision. The S&P 500 edged down 0.09%, the Dow Jones fell 0.38%, while the tech-heavy Nasdaq edged up 0.13%.
Investors generally expect the Federal Reserve to cut interest rates by 25 basis points this week, but are more concerned about the wording of its post-meeting statement. The market is worried that the interest rate cut may enter a "pause" stage. At the same time, the rise in the ten-year U.S. bond yield for the fourth consecutive day also suppressed market sentiment.
In terms of individual stocks, JPMorgan Chase’s stock price fell 4.7% after warning that expenses will increase significantly in 2026, becoming the main factor dragging down the market. The performance of technology stocks was divided, with Nvidia closing down 0.3% due to news related to its chip export policy. Warner Bros. Discovery rose 3.8% on market merger rumors.
On the eve of the Federal Reserve’s upcoming interest rate decision, the precious metals market performed strongly. Spot gold prices rose 0.5% to $4,208 an ounce on Tuesday.At $83, the market generally expects the Federal Reserve to announce an interest rate cut.
At the same time, spot silver prices rose sharply by 4.2%, breaking through the $60 per ounce mark for the first time and closing at a record high of $60.59. Analysts believe that strong industrial demand prospects (especially from industries such as solar energy, electric vehicles, data centers and artificial intelligence), continued tight supply, declining global inventories and expectations of interest rate cuts by the Federal Reserve have jointly promoted silver's gains.
Platinum and palladium prices also rose simultaneously, rising 3% and 2.7% respectively.
The market focuses on the Federal Reserve’s December interest rate meeting. According to the CMEFedWatch tool, traders currently believe that the probability of a 25 basis point rate cut at this meeting is as high as 87.4%. In addition, the latest data showed that the number of job vacancies in the United States in October was higher than expected, highlighting the resilience of the labor market. This has made the market pay more attention to the Federal Reserve's guidance on the future policy path.
Oil prices fell for the second consecutive trading day on Tuesday, with the market focusing on the progress of Russia-Ukraine peace negotiations, sufficient supply and the upcoming Federal Reserve interest rate decision. As of the close, Brent crude oil fell 0.88% to US$61.94 per barrel; US crude oil fell 1.07% to US$58.25 per barrel.
The market is paying close attention to peace negotiations that may end the Russia-Ukraine war. Analysts worry that a deal and lifting of sanctions on Russia could free up more crude supplies, putting pressure on oil prices. In addition, after Iraq resumed production from its world-class oil fields, the market continued to worry about sufficient supply.
Although the Federal Reserve is widely expected to cut interest rates this week, which is usually good for oil demand, analysts are cautious about the short-term effect of rate cuts in boosting oil prices. Investors remained on the sidelines ahead of the resolution, expecting oil prices to fluctuate within a narrow range in the near term.
The U.S. dollar rose on Tuesday, with the market focusing on U.S. economic data and central bank moves ahead of the Federal Reserve's upcoming interest rate decision. Better-than-expected U.S. job openings data for October highlighted the resilience of the labor market and solidified expectations that the Federal Reserve will maintain a hawkish stance even if it cuts interest rates, thereby supporting the dollar. The U.S. dollar index rose 0.1% to 99.21.
All eyes are focused on the upcoming Federal Reserve interest rate decision. The market is generally expected to cut interest rates by 25 basis points, but traders are more concerned about the "dot plot" it released for guidance on the future path of interest rates, and whether Chairman Powell will set a higher threshold for subsequent interest rate cuts. Investors are also lowering expectations for a significant interest rate cut in 2026.
The U.S. dollar climbed to near a two-week high against the yen, rising 0.6% to 156.845; the euro fell 0.1% against the U.S. dollar to 1.1629. The Australian dollar rose. The Reserve Bank of Australia kept interest rates unchanged on Tuesday and clearly ruled out the possibility of further interest rate cuts. Its hawkish stance pushed the Australian dollar up 0.3% against the US dollar to 0.6641.
After a strong earthquake occurred in northeastern Japan, the yen briefly strengthened due to risk aversion during Asian trading hours, but then gave up its gains.
A www.xm-bx.communiqué released on the 9th by the Copernicus Climate Change Service, the EU climate monitoring agency, showed that from January to November 2025, the global average temperature was 0.6 degrees Celsius higher than the 1991-2020 baseline and 1.48 degrees Celsius higher than pre-industrial levels. It is basically certain that 2025 will tie with 2023 to become the second hottest year since relevant records began, second only to 2024. The data also shows that the global average temperature in the three years from 2023 to 2025 is likely to exceed the threshold of "1.5 degrees Celsius higher than before industrialization" for the first time.
On the 9th local time, Ukrainian President Zelensky said in an interview that Ukraine is currently negotiating with its partners on three core documents, which cover the three major areas of framework agreements, security guarantees, and post-war reconstruction. Zelensky first confirmed the basic scope of the consultation documents. He said: "Ukraine is negotiating with the United States and Europe on three documents."
United Nations The year-end Global Trade Update report released by the United Nations Conference on Trade and Development (UNCTAD) shows that driven by East Asia, Africa and South-South trade, global trade volume will increase by about 7% (an increase of US$2.2 trillion) in 2025, setting a record of US$35 trillion. Although factors such as geopolitical tensions, rising costs and imbalanced global demand have slowed trade growth momentum, trade volume will continue to rise in the second half of 2025. The report pointed out that manufacturing (especially electronic products) is the main engine of economic growth, while the energy and automobile industries are relatively lagging behind. The global trade imbalance remains serious, geopolitics is reshaping trade flows, and the outlook for 2026 is affected by uncertainty.
On December 9, local time, European Airlines announced that in view of the deterioration of the security situation in the Venezuelan capital and the Southern Caribbean due to tense relations between Venezuela and the United States and the escalation of US military deployment, the www.xm-bx.company decided to extend the suspension of the Madrid-Caracas route until December 19. Air Europe stated that it has opened special channels for affected passengers, and they can readjust their travel plans or go through ticket change procedures as needed. At the same time, Spanish airlines Iberia and PlusUltra confirmed that they will follow the Spanish Aviation Safety Agency’s recommendation to ban flights to Venezuela within this month and will not operate direct flights to Venezuela before December 31.
On December 9, local time, Ukrainian President Zelensky said that UkraineWilling to hold elections. Zelensky's move was a direct response to US President Trump's call for Ukraine to hold elections as soon as possible. It is reported that U.S. President Trump said in a recent interview that Ukraine should still hold elections despite the ongoing conflict between Ukraine and Russia. Trump said: "They are using conflict as an excuse not to hold an election. I think the Ukrainian people should have a choice. They keep saying they are a democracy, but the situation is no longer a democracy."
U.S. President Trump will conduct the final round of interviews with candidates for Federal Reserve Chairman this week, and White House National Economic Council Director Kevin Hassett will www.xm-bx.compete with the other three candidates. Trump and Treasury Secretary Scott Bessant have scheduled an interview with former Federal Reserve Governor Kevin Warsh on Wednesday, according to three senior administration officials. Although some Wall Street investors worry that Hassett's close relationship with the president may lead to an overly aggressive interest rate cut policy, he is still regarded as the most likely candidate to succeed Powell and is expected to take office next May. However, arrangements for additional interviews to continue suggest that the final selection has not yet been fully determined. Some officials have suggested that Hassett might shorten his term. It is reported that Bessant has submitted a four-person candidate list to the White House. In addition to Hassett and Warsh, the remaining two will be selected from "other final candidates", including Federal Reserve Governor Christopher Waller, Federal Reserve Governor Michelle Bowman and BlackRock executive Rick Riedel.
Kevin Hassett, director of the White House National Economic Council, said that he believes the Fed still has a lot of room to cut interest rates. Hassett is the favorite among Trump advisers and allies among the candidates for Fed chairman, sources said. At the CEO Council Summit hosted by The Wall Street Journal on Tuesday, Hassett was asked whether, if he became chairman, he would push for the deep interest rate cuts the president wants. "If the economic data shows that we can do that, as it is now, I think there is room for a significant reduction in interest rates," he said. Asked whether that meant more than 25 basis points, he replied: "Yes." Hassett's position closely aligns with Trump's, raising questions about whether he would uphold the central bank's decades-long tradition of political independence in interest rate decisions if he takes charge of the Fed. Trump himself said in an interview with Politico on Tuesday that whether to cut interest rates quickly will be a "litmus test" for him to choose the chairman of the Federal Reserve.
On December 9, local time, the U.S. State Department stated that 85,000 visas of various types have been revoked since January. It is reported that more than 8,000 of them are student visas, and the number of revoked visas has doubled from the previous year. U.S. officials said the move was for security reasons. In addition, in recent weeks, the U.S. government has stepped up its scrutiny of H-1B and other visa applicants. The U.S. government also announced last week that it wouldImmigration applications from 19 countries have been suspended.
In response to the issue of the frequency of adjustment of the Medical Insurance Drug Catalog, Huang Xinyu, Director of the Pharmaceutical Management Department of the National Medical Insurance Administration, gave a clear response at the 2025 Medical Insurance Drug Catalog Interpretation Conference on December 9: The catalog will maintain an annual dynamic adjustment rhythm. Huang Xinyu said that since its establishment eight years ago, the National Medical Insurance Administration has adjusted the medical insurance drug catalog for eight consecutive years. We will continue to adhere to this approach in the future, mainly based on two considerations: first, to better meet the changing needs of clinical diagnosis and treatment and adapt to the development of the disease spectrum; second, to promptly incorporate the achievements of medical science and technology progress, so that more new and good drugs can benefit patients.
From January to November this year, the State Administration for Market Regulation approved the release of 85 new national standard materials to serve the "dual carbon" work and the development of the precision manufacturing industry, providing strong support for improving the accuracy of carbon measurement data and precision manufacturing measurement data. In terms of serving the "double carbon" work, the release of 72 national standard materials for carbon measurement, including carbon dioxide gas in the air and carbon monoxide and carbon dioxide mixed gases in ethylene, was approved. Carbon measurement reference materials are used to calibrate www.xm-bx.commonly used carbon detection equipment, such as carbon www.xm-bx.component analyzers, infrared gas analyzers, etc., to ensure the measurement accuracy of the instruments. They can also be used to calibrate on-site carbon monitoring equipment, such as ambient air quality automatic monitoring stations, industrial waste gas emission monitors, etc., to ensure the authenticity and validity of on-site data. Of the 72 newly approved carbon measurement reference materials released, 79.2% were developed and produced by enterprises. In terms of serving the development of the precision manufacturing industry, the release of 13 national standard materials for electronic gases, including high-purity nitrogen and high-purity oxygen, was approved.
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