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Gold jewelry exceeds 1000 yuan/gram! Goldman Sachs: International gold price may break 4200 dollars/ounce!
On April 11, spot gold stood at 3200 dollars/ounce, setting a new historical high.
It is worth mentioning that this time spot gold broke the 3200 dollars/ounce mark, just over ten days after the last breakthrough of 3100 dollars/ounce. The gold price has accumulated an increase of nearly 22% this year, demonstrating the strong momentum in the gold market. Industry analysts point out that the current global economic situation remains complex and changeable, and geopolitical risks still exist, providing the possibility for further increases in gold prices.
Affected by the significant rise in international gold prices, several domestic gold jewelry prices surged on April 11. Among them, Chow Tai Fook reported 990 yuan/gram, Lao Feng Xiang reported 978 yuan/gram, Chow Sang Sang reported 991 yuan/gram, and Chow Tai Fook's pure gold 999.9 price reached 1010 yuan/gram.
CITIC Securities research report believes that there is still room for growth in global central bank gold reserves, and the safe-haven demand driving gold prices in the short term has not yet ended, and real interest rates still have the possibility of declining, so the logic of rising gold prices measured by London spot gold remains.
Goldman Sachs' latest report raised the gold price forecast for the end of 2025 from 3100 dollars/ounce to 3300 dollars/ounce, and stated that in extreme cases, gold prices may exceed 4200 dollars/ounce. Analysts point out that the strong demand from global central banks and the continued warming of safe-haven sentiment will be the main driving forces for further increases in gold prices.
Despite the continuous rise in gold prices, market analysts remind investors to remain rational and cautious in their layouts while seizing opportunities to cope with potential market fluctuations.
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Police Uncover Illegal Exchange Case Involving Virtual Currency 'Quick Fund Transfer'
By providing someone with a bank card and helping them withdraw money, one can easily earn a 'commission'. Is this 'legal' or 'criminal'? Recently, the Criminal Investigation Team of the Shaoyang County Public Security Bureau received a tip-off about a quick fund transfer and responded quickly, capturing a suspect.

On February 10, 2025, the Criminal Investigation Team of the Shaoyang County Public Security Bureau received a tip-off about a quick fund transfer. A suspicious fund related to fraud was withdrawn by someone in Wufengpu Town, Shaoyang County. After receiving the tip, the investigating officers quickly launched an investigation and arrested a suspect named Wu on February 11.

The police of Shaoyang County successfully captured the suspect Wu.
During interrogation, Wu confessed to providing his bank card to contact fraudsters for profit and receiving fraud-related funds, which he illegally exchanged for virtual currency and handed over to the higher-level criminal suspects. Wu has now been criminally detained in accordance with the law, and further investigation of the case is underway.

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The Big Six Banks Take Action!
Recently, the six major banks have actively promoted stock repurchase and increased loan business to support central state-owned enterprises, private enterprises, and various demands for strengthening market value management and optimizing capital operations, helping to maintain the stable operation of the capital market.

As a new tool to support the stable development of the capital market, the stock repurchase and increased re-lending was established in October last year, aiming to encourage and guide financial institutions to provide loans to eligible listed companies and major shareholders to support their repurchase and increase of listed company stocks. Financial institutions that issue stock repurchase and increase loans to listed companies and major shareholders can apply to the People's Bank of China for re-lending to obtain funding support at lower interest rates.

Industrial and Commercial Bank of China actively organizes and carries out special actions to support listed companies' stock repurchase and increase, solidly serving the various needs of listed companies for stock repurchase and strengthening market value management, connecting with nearly 50 billion yuan of corporate funding needs.

Agricultural Bank of China, based on serving rural revitalization and the main responsibilities of the real economy, actively connects with the demands of central state-owned enterprises and private enterprises, providing good services and funding for special loans for quality listed company stock repurchase and increase.

Bank of China has timely introduced exclusive supporting plans, established separate loan products and statistical categories, clarified standard business processes and post-loan monitoring requirements, ensuring that business is conducted in compliance and order, supporting a number of eligible stock repurchase and increase plans.

China Construction Bank has established a special team for stock repurchase and increase, promoting the development of various financial services related to stock repurchase and increase, and enhancing market value management.

Bank of Communications focuses on effectively using the special re-lending policy tool for stock repurchase and increase, serving the repurchase and increase of listed companies and shareholders, further maintaining stable operation of the capital market and boosting market confidence. Currently, Bocom has granted credit for stock repurchase and increase loans exceeding 25 billion yuan to about 80 enterprises, covering industries such as integrated circuits, biomedicine, industrial software, and high-end equipment manufacturing.

Postal Savings Bank branches actively take action, visiting and connecting with enterprises in various forms, identifying the business needs of listed companies, and opening green channels for business, assigning dedicated personnel to tailor financing plans for clients.

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U.S. State Department: U.S. and Russia Reach Understanding to Stabilize Diplomatic Banking Operations of Bilateral Missions!
On April 10, local time, the U.S. State Department issued a statement stating that a U.S. delegation led by Assistant Secretary of State for Russia and Eurasian Affairs, Sonata Kurt, held talks with a Russian delegation led by Russian Ambassador to the U.S. Anatoly Antonov in Istanbul, Turkey.

The statement noted that the U.S. and Russian delegations continued the constructive approach established during the first round of talks, exchanged views, and ultimately reached an understanding to ensure the stability of diplomatic banking operations of the U.S.-Russia bilateral missions. The U.S. once again expressed concern over Russia's policy of "banning the hiring of local employees," stating that this policy is a key barrier to maintaining a stable and sustainable staffing level at the U.S. Embassy in Moscow.

The statement mentioned that Kurt and Antonov agreed to hold follow-up meetings on the above topics as needed in the near future, with the specific time, place, and representatives of both sides to be determined further.
This is the second round of talks regarding the normalization of operations at both embassies, conducted in a closed-door format. On February 27, representatives from both countries held the first round of talks at the U.S. Consulate General in Istanbul, establishing specific preliminary steps for stabilizing bilateral mission operations.

Diplomatic relations between the U.S. and Russia have been tense in recent years, with both countries expelling each other's diplomats, leading to the embassies being unable to operate normally. #内容挖矿 $TRUMP Follow me! Get more exciting content!

Trump boasts that his wealthy friend made $2.5 billion in a day!
On the 9th local time, Trump bragged about his wealthy friend, Charles Schwab, the chairman of Charles Schwab Corporation, who made $2.5 billion in the stock market in one day. On that day, Trump called on investors to buy U.S. stocks and said it was a great time to buy.
Four hours later, Trump announced a delay on some 'reciprocal tariffs,' and U.S. stocks surged in response.
American public opinion claims he is 'profiting from the suffering of the American people.'
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Ethereum in 2025: Will it drop below $1000?

Ethereum hit a new low yesterday, dropping to around $1380. Since December 2024, Ethereum has been in a nearly vertical decline, quickly falling from $4100 to $1380 on a weekly basis.

The last rapid decline occurred in April 2022 during a bear market, when Ethereum fell from $3500 to a low of $880. Now, I hear many friends discussing whether Ethereum will drop below $1000, reaching $800.

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What is the cost of the United States imposing additional tariffs? Let the price of a smartphone tell you!
After the U.S. government announced the imposition of so-called 'reciprocal tariffs' on all trading partners, stocks of American tech companies like Apple have seen significant declines.

Foreign institutions have pointed out that the additional tariffs could increase the price of an iPhone by 30% to 40%. What is the cost of the U.S. imposing tariffs? Perhaps we can find the answer through a breakdown of the components of an iPhone.

Taking the 256GB version of the iPhone 16 Pro as an example, the official price is $1100. According to calculations from American media, the hardware cost to produce one iPhone is approximately $549.73. The components come from multiple countries including China, South Korea, and Japan. When adding assembly and testing, the total cost of the phone is around $580.

Currently, nearly all iPhones sold in the U.S. are assembled and produced in China. After the U.S. announced a 34% so-called 'reciprocal tariff' on China, combined with the existing 20% tariff, the total tariff rate on China will reach 54%. The additional tax on these components exported to the U.S. will amount to $296.86, raising the cost of the phone to $876.79, an increase of over 50%.

Would moving iPhone manufacturing back to the U.S. reduce costs?
The answer is no. American companies will still pay tariffs on many imported components. Based on the tariff rates imposed by Trump, just considering some important components, the tariffs from various regions would increase the cost of each iPhone by nearly $100. Not to mention that the labor cost for assembling an iPhone in the U.S. is significantly higher than in China. According to estimates from American media, the total cost could be higher than importing from China.

Perhaps some may feel that the increased cost of one smartphone is not too significant, but when magnified to Apple's overall smartphone sales, the situation is entirely different.

According to Morgan Stanley's forecast, the cost of this round of tariffs could lead to losses for Apple of up to $33 billion per year, equivalent to 26% of its operating profit for the fiscal year 2025.

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Family risk control is a thousand times more important than cryptocurrency risk control!
In 2022, a divorce case in Shanghai shocked the entire crypto community:
The male party was the director of a blockchain company at the time, and due to work relations, he continuously purchased 83.5 bitcoins through an offshore platform in 2016, which should have amounted to 8 million yuan at that time.
In 2022, the couple filed for divorce, and the lawyers from both sides engaged in fierce arguments. Later, the court ruled that this asset belonged to investment activities and was considered a joint asset of the couple after marriage.
At the moment the ruling took effect, the male party suddenly realized:
The sharpest harvesting knife is not the market makers crashing the market, but the division of property in divorce.
This is why it is said that "getting rich is the XRP of marriage"—it seems glorious, but it could be deemed an illegal security by the SEC (marriage law) at any time:
The rockets you sent to the young models might become a chain of transfer evidence in court,
The wine you stored at the club could be enough to pay child support until the child graduates from university.
It is said that in divorce cases involving virtual currencies: 68% of the assets are ultimately judged as joint property, and those who hide digital assets lose an average of 23% of their share.
So, when you say "wealth freedom means changing wives," the law has already written a smart contract stating "wealth freedom must change wives."
In daily life, a wife seems like a dispensable presence, but once she is gone, with your level of wealth, you will have almost nothing left for the second half of your life.
Most of the time, a wife is like the "automatic sell" instruction of an exchange:
When you want to book a KTV, she will remind you, "The tuition for the children's summer study abroad should be paid!";
When you are about to buy a sports car, she will coldly laugh, "First, pay back the 50,000 you borrowed from my brother last year!";
When you boast about hundredfold returns, she will gently say, "Remember in 2021 you said you would never touch options again?";
When you are in a margin call and feeling hopeless, you find that your marriage certificate is still at the bank as collateral for the loan.
Therefore, the "bankruptcy cost" of marriage is the natural stop-loss line.
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New developments in tariffs, US stocks violently rebound, Apple regains its position as the world's 'most valuable company'
On April 9, Eastern Time, US stock markets surged significantly during the trading session, with all three major indices closing with substantial gains.
By the end of trading, the Dow Jones Industrial Average soared over 2,900 points, an increase of 7.87%, marking the largest gain since March 25, 2020, with all 30 component stocks closing higher; the S&P 500 index jumped 9.52%, the largest increase since October 29, 2008, and the third-largest single-day gain since World War II; the Nasdaq rose by 12.16%, the second-largest single-day gain in the index's history, only behind the 14.17% increase on January 3, 2001.
The 'Big Seven' tech stocks in the US all surged, with Tesla soaring 22.69%, Nvidia jumping 18.72%, Apple rising 15.33%, reclaiming the title of 'most valuable company in the world', Meta increasing by 14.76%, Amazon climbing 11.98%, Microsoft up 10.13%, and Google C rising 9.88%.
The Philadelphia Semiconductor Index surged 18.73%, with all 30 component stocks rising by more than 12%. Among them, Microchip Technology rose 27.05%, Arm Holdings increased by 24.2%, AMD jumped 23.82%, Intel rose 18.75%, Broadcom increased by 18.66%, and TSMC ADR rose 12.29%.
In terms of Chinese assets, the Nasdaq China Golden Dragon Index closed up 4.53%, the three-times leveraged FTSE China ETF soared 19.86%, the double-leveraged China Internet Stocks ETF jumped 12.2%, the double-leveraged CSI 300 ETF rose 10%, and the China Technology ETF increased by over 9%.
Most popular Chinese concept stocks closed higher, with Amer Sports rising 15.02%, Kingsoft Cloud increasing 13.21%, iQIYI up 12.75%, Li Auto rising 6.82%, JD.com up 6.22%, XPeng Motors rising 6.21%, Tencent Music increasing 5.51%, Alibaba up 5.44%, NIO rising 5.41%, Baidu up 4.85%, New Oriental increasing 4.15%, and Pinduoduo rising 0.18%.
Additionally, data shows that the trading volume in the US stock market reached 30 billion shares on Wednesday, the largest trading day since Wall Street began tracking this data nearly 18 years ago. The most shorted stock in the US market surged nearly 13%—the largest short squeeze day since the financial crisis.
On the news front, shortly after the US stock market opened, Trump posted on his social media platform, stating: 'Now is a great time to buy.' He also encouraged his followers to 'stay calm' and predicted that 'everything will be resolved smoothly.'
During intraday trading, US President Trump stated that he has authorized a 90-day suspension of tariffs on countries or regions that do not retaliate.

Lost 330,000 from cryptocurrency trading, can I sue the introducer to get my money back?
July 22, 2023
Yin became friends with Shi on WeChat
Shi sent Yin the platform's website
and persuaded Yin to invest
Within a few days
Yin transferred a total of 336,906.17 yuan
through Alipay, WeChat, and bank transfer
to Shi and the personal accounts designated by him
for purchasing Tether (USDT)
Subsequently, Yin registered an account on the platform
to check the trading situation of Tether (USDT)
Shortly after
Yin discovered that the investment funds on the platform were frozen
and could not be withdrawn in time, hence filed a lawsuit in court
Shi argued
that Yin actively invested
and that the account was registered by Yin himself
Shi only helped Yin
purchase Tether (USDT) from others
and it was not entrusted investment
Now the company where the platform is located has been shut down by the public security organs
Shi, as a victim, is also waiting for the payout

Court ruling:
The Wenjiang Court, after hearing the case, believes that based on the chat records between the original and defendant and Shi's statements in court, Yin was aware that the contractual relationship between the two involved the buying and selling of “USDT” and that an account was registered which he could check himself.
As a natural person with full civil capacity, Yin should prudently review the trading counterpart and platform information when engaging in investment and financial activities, and bear the corresponding investment risks. Even if Shi promoted the investment as high-yield and risk-free, Yin naively believed it and should have known that it was not a formal foreign exchange financial transaction, thus exhibiting obvious fault.
The “Tether (USDT)” involved in the transaction between the original and defendant does not have the same legal status as currency, it lacks monetary attributes such as legal compensation, and cannot be circulated or used. This transaction is essentially an illegal act of token issuance financing conducted without approval, disrupting the order of the financial market and harming public interests, and is deemed invalid. The risks arising from this and the losses incurred should be borne by the participants themselves.
After the verdict, both parties accepted the judgment and the ruling has now taken effect.

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The Ministry of Foreign Affairs responds to the U.S. tariff of 104% on China: We will continue to take resolute and strong measures to safeguard our rights and interests.

At the press conference, a reporter asked: The United States will impose a 104% tariff on Chinese goods. The White House spokesperson stated that President Trump believes China must reach an agreement and that 'retaliation is a mistake'; the U.S. will continue to raise tariffs. What is China's response? Lin Jian stated that the legitimate development rights of the Chinese people cannot be deprived, and China's sovereignty, security, and development interests cannot be infringed upon. China will continue to take resolute and strong measures to safeguard its legitimate rights and interests. The State Council Information Office of China released a white paper on April 9 titled 'China's Position on Certain Issues Regarding China-U.S. Economic and Trade Relations.' A relevant official from the Ministry of Commerce stated when answering reporters' questions about the white paper that there are no winners in a trade war, and China does not wish to engage in a trade war; however, the Chinese government will never sit idly by while the legitimate rights and interests of the Chinese people are harmed and deprived. If the U.S. insists on further escalating economic and trade restrictions, China has firm will and abundant means to resolutely counteract and will follow through to the end. We hope the U.S. side will move toward China, following the direction indicated in the phone conversation between the two heads of state, based on the principles of mutual respect, peaceful coexistence, and win-win cooperation, to immediately cancel unilateral tariff measures, strengthen dialogue, manage differences, and promote cooperation. China is willing to communicate with the U.S. on important issues in the economic and trade fields, to resolve respective concerns through equal dialogue and consultation, and to jointly promote stable, healthy, and sustainable development of China-U.S. economic and trade relations.

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Jinhua, Zhejiang: Woman Falls into Virtual Currency Investment Scam, Police Solve Case and Recover Funds in 3 Hours
Recently, the Wucheng Branch of the Jinhua Public Security Bureau in Zhejiang Province quickly responded and successfully cracked a virtual currency investment fraud case, fully recovering the 200,000 yuan in cash that was defrauded from the victim, Ms. Gao.

Ms. Gao is from Hebei. Not long ago, she saw an advertisement for virtual currency investment on a social media platform in her hometown and was attracted by the high returns. She subsequently joined a WeChat group called 'Virtual Currency Investment Exchange.' Soon, members of the group recommended a virtual currency investment software to Ms. Gao and invited her to a hotel in Jinhua for an offline transaction.

On the day of the transaction, at Ms. Gao's request, the other party first conducted a virtual currency transaction worth 10,000 yuan with her. After confirming that the virtual currency could be normally credited and transferred out, Ms. Gao traded the remaining 190,000 yuan in cash. The account in the software also received the corresponding virtual currency. However, just as Ms. Gao was about to check whether the virtual currency was normal, the other party claimed they needed to step away for a moment.

Ms. Gao, having let her guard down, did not stop them, only to discover when attempting to transfer that the credited virtual currency could not be withdrawn. At this point, the suspect had already fled the scene with the 200,000 yuan in cash. Realizing she had been scammed, Ms. Gao hurriedly called the police for help.

Upon receiving the report, police officers from the Xinshi Police Station promptly arrived at the scene to gather information. Based on the clues provided by Ms. Gao, through investigation and analysis, the police quickly identified the suspects, Wei and another suspect, Huang, who was responsible for assisting outside the hotel.

After determining the escape routes of the two, the Xinshi Police Station immediately organized forces to carry out the arrest. In less than 3 hours, the two suspects were successfully apprehended, and the 200,000 yuan that Ms. Gao was defrauded of was recovered. Currently, suspects Wei and Huang have been criminally detained by the Jinhua Public Security Department.

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【Ministry of Foreign Affairs Responds to U.S. Imposing Reciprocal Tariffs: Firmly Opposes and Will Take Necessary Measures to Safeguard Its Legitimate Interests】 Foreign Ministry spokesperson Guo Jiajun hosted a regular press conference on April 3. A reporter from CCTV asked: On April 2, Eastern Time, the U.S. issued an executive order announcing the imposition of "reciprocal tariffs" on major trading partners, with a 34% tariff on China (including Hong Kong and Macau). What is China's comment on this? Guo Jiajun stated that the U.S., under the guise of "reciprocity," imposed tariffs on products imported from multiple countries including China, which severely violates World Trade Organization rules and significantly undermines the rule-based multilateral trading system. China firmly opposes this and will take necessary measures to resolutely safeguard its legitimate interests. China has repeatedly emphasized that there are no winners in a trade war or tariff war, and that protectionism has no future. China urges the U.S. to correct its erroneous practices and to negotiate trade differences with all countries, including China, in an equal, respectful, and mutually beneficial manner. #内容挖矿 $BNB Follow me! Get more exciting content~

Reminder about the virtual currency purchasing scam!
My friend and I were discussing: Recently, I've had a lot of free time due to unemployment, so I started offering errand services at the seafood market. Then someone contacted my friend, asking for help to buy some U from the exchange. Hearing that a trip could earn 600, she was immediately tempted. Although she didn't know what U was, she thought that if she was cautious and withdrew the money from her bank account before buying the currency, there wouldn't be any mistakes.

However, the scammer acted quite suspiciously throughout. First, they refused to pay the errand fee through the platform, citing Alipay limits. Then, there were issues when adding WeChat (suspecting their WeChat had been reported too many times, resulting in a blacklisted account). The scammer kept urging my friend to hurry over and assured her that the money would be credited.

After my friend received a 50 yuan deposit, she actually set off, but on the way, she searched Baidu and found that others had been scammed before. The money sent to you is very likely money sent directly from the victim. Even if you can withdraw the money at that moment, if the victim reports it later, your account will be frozen, and you will be required to compensate the victim's loss. It’s essentially like you bought virtual currency for the scammer out of your own pocket. By that time, the assets in the scammer's virtual currency account would have long been transferred.

The more my friend thought about it, the more it seemed wrong, so she immediately asked the other party to provide the remitter's information. Of course, they couldn't provide it. Luckily, my friend did not fall for it in the end. But this scam is truly terrible; the errand fee is substantial, and it seems you don't need to bear any responsibility in between. If it weren't talked about, more people might fall into the trap. #内容挖矿 follow me! Get more exciting content! $XRP