MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Bullion Higher Today, Dips Holding Above $1900/oz

GOLD

Gold prices are up 0.3% during the APAC session to around $1909.30/oz, close to the intraday high but below Wednesday’s high of $1925.895. Bullion fell after hawkish Fed comments offset the impact of soft data on the USD but has recovered somewhat today on a slightly weaker dollar.

  • Gold is holding above $1900 and remains in a bullish trend with higher highs and higher lows after it traded at a new trend high earlier this week. Today’s low was $1901.04 after Wednesday’s $1908.69.
  • Later US building permits and housing starts plus jobless claims and the Philly manufacturing survey are published. ECB’s Lagarde is also scheduled to speak.
Energy BulletsCommodities
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