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South Korean investors flocked to the gold market. Today, the South Korean National Assembly passed the "Yin Xiyue General Special Inspection Law for Civil Disturbance" and the "Jin Jianxit Inspection Law". According to a survey released by the Korean polling agency on the 12th, 74.8% of the respondents thought that President Yin Xiyue should immediately step down or be impeached, and stop performing his duties. The political situation is turbulent, and the sales of gold bars of the five major banks in South Korea have also increased significantly. On the first day after the emergency martial law incident, that is, on the 4th of this month, more than 1.5 billion won of gold bars were sold, far exceeding the daily average. (CCTV Finance)WTI crude oil fell by 1.00% in the day and is now reported at $69.26/barrel.After the US PPI and initial application data were released, the price of gold dropped further. After the US PPI and initial application data exceeded expectations, the price of gold continued to decline. Paul Ashworth, a macro analyst at Kaitou, said: "The components of PCE favored by the Federal Reserve are generally weak, and the CPI data released yesterday indicate that the monthly rate of core PCE will only increase slightly by 0.03%. Now it seems that the Fed is more likely to continue to cut interest rates by 25 basis points next week. " At the same time, the number of initial jobless claims increased by 17,000 last week, the highest level since mid-October last year, while economists expected a decrease of 4,000 to 220,000.

WTI crude oil fell by 1.0% in the day to 69.17 USD/barrel.South Korean investors flocked to the gold market. Today, the South Korean National Assembly passed the "Yin Xiyue General Special Inspection Law for Civil Disturbance" and the "Jin Jianxit Inspection Law". According to a survey released by the Korean polling agency on the 12th, 74.8% of the respondents thought that President Yin Xiyue should immediately step down or be impeached, and stop performing his duties. The political situation is turbulent, and the sales of gold bars of the five major banks in South Korea have also increased significantly. On the first day after the emergency martial law incident, that is, on the 4th of this month, more than 1.5 billion won of gold bars were sold, far exceeding the daily average. (CCTV Finance)The gap between Italian and German government bond yields widened to 111 basis points, the highest level in a week.

The yield of German 10-year government bonds rose by 5 basis points to 2.18%, the highest level in two weeks.Nasdaq Golden Dragon China Index rose by 1%, popular Chinese stock Yum! China rose by 2.8%, bilibili and Baidu rose by over 1.2%, Ali, New Oriental, Ideality, Pinduoduo and Netease rose by at most 1%, and YINN rose by 1.6%.Tian Xuan, Dean of Tsinghua University National Institute of Finance and Professor of Finance: Comprehensive measures are taken to promote sustained and stable economic growth and high-quality development. The Central Economic Work Conference proposed that next year, we should persist in striving for progress while maintaining stability, promoting stability through progress, maintaining integrity and innovation, making innovations before breaking, systematically integrating and cooperating, enriching and improving the policy toolbox, and improving the foresight, pertinence and effectiveness of macro-control. In this regard, Tian Xuan, dean of Tsinghua University National Finance Research Institute and professor of finance, said that the meeting clarified the core strategy of economic work next year, emphasized the innovation, systematicness and coordination of policies, and reflected the decision-makers' accurate judgment on the economic situation and positive attitude towards new changes and challenges. Tian Xuan said that compared with the past, the current policy orientation is more positive, such as "moderately loose monetary policy" and "more active fiscal policy", paying more attention to innovation, while adhering to the basic principles and bottom line, exploring new working ideas, paying more attention to the systematic nature of policies, considering the mutual influence and synergistic effect between various policies and the coordination and cooperation between different departments and policies, and maximizing the policy effect through comprehensive policies to solve the outstanding problems currently facing and promote the economy. (SSE)