FPG: multiple positive factors that could lead to another surge in the price of gold Latest market news: 1. [US First Republic Bank in trouble: US officials discuss emergency solutions] Officials from the White House, the Federal Reserve, and the US Treasury have been in contact with First Republic Bank, fearing that the bank may not be able to appease depositors and investors in a timely manner. For several weeks, First Republic Bank has been seeking buyers for some of its businesses, but potential acquirers are concerned about taking on too much risk. Currently, possible solutions are seeking help from a large bank that recently injected $30 billion into First Republic Bank or having the US Federal Deposit Insurance Corporation take over the bank and provide government guarantees for all deposits. Commentary: The US government has been on high alert since the collapse of Silicon Valley Bank and Signature Bank. 2. [Examining the "American crisis" from the "draft crisis"] "In 2022, the US Army only completed 75% of its conscription plan. This year's situation looks even worse. What does this mean?" The Wall Street Journal pointed out in a recent article the conscription difficulties that the US currently faces. According to statistics, in the 2022 fiscal year, the US Army planned to recruit 60,000 people, but only 45,000 people enlisted. The survey also found that only 9% of eligible young Americans willing to serve in the military, hitting a new low since 2007. Commentary: With political polarization spreading to the military and the two parties fighting on many issues, it is difficult to reform the recruitment system, and the military is increasingly held hostage by military-industrial interest groups. 3. [Only 16% of medical institutions in the capital of Sudan are operating normally] In addition to the casualties caused by the conflict itself, the World Health Organization predicts that more people will die from diseases, inability to obtain food and water, and interruptions in basic health services. In the capital Khartoum, 61% of medical institutions are closed, and only 16% of medical institutions are operating normally. Many chronic patients cannot access the medical facilities or medicines they need. Commentary: Since the conflict in Sudan began, the World Health Organization has confirmed 16 attacks on the health system, resulting in eight deaths. 4. [National Public Health Laboratory seized: WHO warns of "enormous risk" in Sudan] Abdel Abied, the WHO representative in Sudan, said on the 25th that during the armed conflict, 459 people died and 4,072 were injured. Abied mentioned that one side of Sudan's armed conflict controlled the National Public Health Laboratory in Khartoum, which stores isolates or samples of diseases such as polio, measles, and cholera. According to the WHO, technicians can no longer enter the laboratory, and the laboratory has been without power, which means that "it is impossible to manage the biological materials stored in the laboratory for medical purposes," so there is an "enormous (biosafety) risk." Commentary: Power outages mean that there is a risk of blood bags stored in the laboratory deteriorating. The danger is that if armed conflict breaks out inside the laboratory, it will turn into a bacterial bomb. 5. [EU Commission proposes new financial regulations to address rising public debt in member states] The EU Commission has proposed a new EU financial regulations bill, requiring member states to increase their autonomy in debt management. At the same time, the EU Commission will strengthen its oversight of member states' debt levels. The bill requires member states' public deficits not to exceed 3% of their Gross Domestic Product (GDP) and public debt not to exceed 60% of their GDP.Commentary: Member states that do not comply with the regulations will face stricter fiscal constraints and financial sanctions from the EU Commission. 6. [UK admits depleted uranium shells have been delivered to Ukraine and will not follow up] James Heappey, the UK's Minister of State for Armed Forces, stated that the UK has provided depleted uranium shells to Ukraine and that the UK military will not attempt to track the location of these munitions. Ukraine currently needs to assess the consequences of using depleted uranium shells and consider whether to open the "Pandora's box."Commentary: If Ukraine uses depleted uranium shells, it will cause irreversible damage to the health of Ukrainian soldiers and have an impact on Ukrainian agricultural exports for decades or even centuries. FPG analyst King's viewpoint: As central banks of various countries continue to buy gold and de-dollarization accelerates, the Federal Reserve stopping interest rate hikes means that gold's bullish trend this year is reasonable without the need for a large number of new investors to buy in. After becoming the most heavily sanctioned country in the world, Russia is leading the way in de-dollarization. The experience of Russia and its peer countries in the weaponization of the dollar has encouraged central banks around the world to convert some of their assets into gold. FPG analyst Dawson Dao's viewpoint: The gold price is consolidating its strong gains from the past few weeks and is trading around $2,000, establishing a new market at these near-record highs. The overbought condition from a few weeks ago is no longer a problem, and the market is just leaning more towards a sideways range. The question now is how gold can break through to new highs. The US dollar will be a driving factor, and further weakness will help gold rise again, while a rebound in the dollar will "suppress gold prices and make the market patiently wait for the next move in gold. FPG analyst Dave's viewpoint: Crude oil initially recovered some lost ground due to US EIA crude oil inventory data coming in lower than expected, but late trading in US stocks was dragged down by concerns over the banking crisis, economic recession, and potential supply progress in Iraq, nearly breaking the $74 per barrel support level, closing down 3.61%, completely wiping out all gains since OPEC+ announced production cuts. FPG analyst Yuelin's viewpoint: The global liquidity cycle is showing a significant increase, which may mean significant currency inflation, and central banks will need to fill rapidly expanding government fiscal deficits, further fueling inflation. This will benefit gold, Bitcoin, and other inflation hedging tools. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex