Fitch's BMI analysts have stated that India's tax reform plan may offset the impact of U.S. tariffs on the economy, with an expected drop in average tax rates and a simplification of the Goods and Services Tax. Although the impact on tax revenue is small, it will stimulate private consumption. BMI has revised down India's growth forecast, expecting a growth rate of 5.8% for the fiscal year 2025-2026.

Gate News bot message, according to the official announcement from Gate on July 21, 2025: Gate has decided to delist the trading markets for 19 tokens, including NOM, HYCO, WISTA, CARBON, ZEEP, DDD, ITEM, VIZ, ORC, DEFAI, SMT, ICONS, PIGCOIN, BMI, NULS, SYNTH, DECHAT, OPAI, and PANDORA. The trading pairs involved are all USDT trading pairs. The exchange has stated that it has completed the repurchase of relevant tokens for users who meet the requirements and submitted the forms, and the repurchase amount has been credited to the users' Gate accounts. The recharge and trading services for these tokens have been suspended, and the withdrawal service will also be closed in the near future.

Fitch BMI analysts report that the oil market remains tight due to seasonal demand, but the attacks by Houthi forces have increased the risk premium. Trump's delay in the tariff decision is favorable for the market. It is expected that the annual average price of Brent crude oil will be $68 and $67 in 2025 and 2026, respectively, facing pressures of oversupply.

On July 10, Jin10 reported that BMI Research stated that global copper mine production is expected to continue to rise in the coming years, driven by new projects, mine expansions, and record-high copper prices. BMI expects global copper production to average an annual rise of 2.9% from 2025 to 2034, reaching 30.9 million tons by 2034, while production in 2025 is projected to be 23.8 million tons. Influenced by Trump's 50% tax rate on copper, prices surged to a historic high this week. BMI stated, "We now expect global copper mine production to rise in 2025, thanks to the recovery of production in Chile and the continued expansion of the Oyu Tolgoi mine in Mongolia, while Peru, Russia, and Zambia will also continue to be major copper-producing countries."

Jin10 data, July 2nd, analysts from Fitch's BMI stated that the rise in gold seems to have come to an end. They wrote that, given the trade uncertainties, escalating geopolitical tensions, a weakening dollar, and increasing purchases by Central Banks, gold remains at a high level. However, for gold prices to break the historical high of $3500/ounce set in April, either a war must break out in the Middle East or the Federal Reserve must implement significant interest rate cuts. BMI maintains its forecast for the average annual price of gold in 2025 at $3100 per ounce.

According to the Gate News bot message, the official announcement from Gate on June 24, 2025. Gate announces the delisting of related trading markets for 19 tokens, including NOM, HYCO, WISTA, CARBON, ZEEP, DDD, ITEM, VIZ, ORC, DEFAI, SMT, ICONS, PIGCOIN, BMI, NULS, SYNTH, DECHAT, OPAI, and PANDORA. The USDT trading pairs and trading functions such as quantitative grid for these tokens will be suspended on June 30, 2025, at 11:00 (UTC+8). Gate has suspended the deposit service for these tokens and will continue to provide withdrawal services until July 30, 2025. For users who still hold these tokens after July 14, 2025, Gate will provide a buyback service, with the buyback price set individually for each token, and the maximum compensation amount for a single user is 100 USDT.

On March 13, Jinshi data, BMI Chief Economist Cedric Chehab said that the latest U.S. inflation data looks somewhat improved, but the signal for the Fed to cut interest rates has not been sounded, unless the U.S. economy rises. He pointed out that a large part of the slowdown in inflation is due to the recent decline in commodity prices. The huge tariffs imposed by the Trump administration on commodities may soon cause prices to pump, which means that commodities will once again exacerbate inflation, making it difficult to predict inflation in the near term. It is also difficult for the Fed to provide appropriate guidance.

On March 7th, Jinshi data reported that oil prices rose on Friday, with both U.S. and Brent oils rising by more than 1%. However, under the impact of the Fluctuation in U.S. trade policy and OPEC+'s production increase plan, oil prices are still expected to plummet significantly this week. Earlier, U.S. Treasury Secretary Benson stated that if it helps peace negotiations, the U.S. will increase pressure on Iran and will not hesitate to impose sanctions on Russia 'wholeheartedly.' However, analysts from the BMI research department under Fitch Ratings stated, 'The oil market is facing new uncertainties on the supply side and dim prospects on the demand side.' The U.S. partially lifted tariffs on some goods from Mexico and Canada, further increasing the uncertainty of U.S. President Trump's trade strategy and its impact on the global economy. Meanwhile, there are reports that the additional supply from OPEC+ will soon hit the market, adding to the downward pressure on oil prices.

On February 24th, Jinshi Data reported that analysts from the BMI research agency under Fitch Ratings said at a web seminar that the German economy is unlikely to rebound in the next three to six months, as the country faces fundamental challenges such as soaring energy costs, lagging innovation, and declining global competitiveness. They said that weak global demand prospects and geopolitical risks (including the trade war between the United States and the European Union) could push Germany into its third consecutive year of economic contraction.

Jinshi data news on February 15th, CITIC Securities research report believes that AI is rising strongly, and the demand for Computing Power continues to increase. The Computing Power products of overseas leading companies are entering a period of higher trade volumes, and the continuous iteration of Computing Power products is driving the increase in hardware shipments and grade requirements. PCB, as a core link, requires improved material performance, with high-frequency and high-speed resins such as PPO and BMI accelerating higher trade volumes. Looking ahead to the direction of technological iteration, electronic resins with better dielectric performance such as hydrocarbon resins and polytetrafluoroethylene resins may become the preferred materials for server upgrades.

Golden data on January 22nd, according to the research report of CITIC Securities, AI is showing a strong rise, and the demand for Computing Power continues to increase. The top overseas Computing Power products have entered a period of higher trade volumes, and the continuous iteration of Computing Power products has driven the increase in hardware shipments and level requirements. As the core link, PCB requires improved material performance, with high-frequency and high-speed resin PPO and double-horse BMI resin accelerating higher trade volumes. Looking ahead at the direction of technological iteration, electronic resins with better dielectric performance such as hydrocarbon resins and polytetrafluoroethylene resins are expected to become new development directions.

On December 13th, Jin10 data reported that analysts from BMI, a research institution under Fitch Ratings, stated that the scale and frequency of US interest rate cuts will be one of the main driving factors for the gold price in the coming months. Analysts said, 'With Trump's victory, the resilience of the US economy in 2025, and the possibility of tariffs leading to inflation rise, the Federal Reserve may take a more cautious approach to interest rate cuts.' 'The larger the interest rate cut and the higher the frequency, the greater the upward pressure on gold due to its non-yield characteristics.' The research department said it expects the gold price to receive support in the coming months, averaging $2,500 per ounce next year, but further pump may be limited.

The price of gold futures rose 0.8% to $2,589.80 per ounce, recovering some lost ground; analysts say that gold will face downside risks in 2025, and the price will fluctuate significantly, but in the long term, the gold price will remain high.

On November 8th, after Trump won the election, the gold price continued to fall and is likely to end this week with a fall. BMI analysts stated in a report that this reflects a drop in uncertainty surrounding the US election. Trump's victory in the US election has boosted the dollar and put pressure on the gold price. At the same time, Trump's proposed policies, including tariffs and stricter immigration controls, have inflationary characteristics. BMI states that this weakens people's expectations of a significant interest rate cut by the Federal Reserve, further reducing the attractiveness of gold.

Jinshi Data News on November 6th, BMI, a subsidiary of Fitch, stated that Trump's victory could trigger a large-scale dumping of emerging market currencies, and the Mexican peso could be the most severely impacted. It pointed out that after Trump unexpectedly won in 2016, 57 of the 61 most widely traded currencies depreciated against the US dollar. The agency said that the peso immediately depreciated by 11% afterwards, setting a new low at the time. BMI predicts that if Trump wins this time, the peso will depreciate by about 9% against the US dollar by the end of 2024.

In the coming months, the spot gold price is expected to Fluctuate in the range of $2500-2800 per ounce, with demand rising due to factors such as Fed rate cuts and geopolitical risks. BMI has raised its forecast for this year's gold price to $2375 per ounce.

The sharp increase in Fluctuation in the financial market is the result of overbought risk assets and excessive stretching, combined with macro market shocks. Pullbacks in the stock market are common in a Bull Market and are also normal phenomena. Factors that indicate a stock market collapse and a transition to a Bear Market include: breaking through support levels in the stock market, geopolitical tensions driving oil pumps, and continued weak US data intensifying concerns about the lagging nature of US Federal Reserve policy. However, it is premature to assert that macro or market deterioration is significant at this time.

Gold will be supported in the coming months, and it is expected that the price will reach $2250 this year. However, the trend of gold may be limited, and the key to the attractiveness of gold is the Fed's interest rate cut. Geopolitical tensions will ensure that the gold price remains high, but brighter prospects for global economic growth will restrain interest in gold.

The Reserve Bank of New Zealand may postpone or reduce interest rate cuts because the inflation rate is higher than the target range of 1.0%-3.0%. It is expected to cut interest rates by 50 basis points in 2024, but if the inflation rate remains high, the rate cut may be smaller than expected or postponed until 2025, which will have a negative impact on consumer spending and business investment. New Zealand's inflation rate in the first quarter fell to the lowest point since the second quarter of 2021, but still higher than the target range. BMI expects the inflation rate to be below 3.0% by the end of 2024.

On March 6, local time, Egypt's currency, the Egyptian pound, suddenly collapsed, and the exchange rate of the Egyptian pound plummeted by nearly 40% against the US dollar, once falling to 50.55 Egyptian pounds per US dollar, a record low. On the news side, the Central Bank of Egypt announced at an extraordinary meeting that the liberalization of exchange rate controls will allow market forces to determine the foreign exchange rate. At the same time, the central bank of Egypt announced a "violent interest rate hike", raising the key interest rate by 600 basis points to 27.25%, hoping to alleviate the country's severe foreign exchange shortage and obtain billions of dollars in new loans from the International Monetary Fund. At present, the Egyptian pound has joined the "five major currency crash clubs in the world", and the main reasons for the collapse are roughly the same: hyperinflation, high debt, and an extreme shortage of foreign exchange. According to a report by BMI Research, a subsidiary of Fitch Solutions, the average inflation rate in Egypt is expected to be as high as 34.1% in 2023. In addition, Egypt's debt crisis is also imminent, and Egypt should repay a total of 71.57 billion US dollars (about 515.2 billion yuan) of foreign debt from 2024 to 2026.

(1) Gold prices rose to their highest level in more than two weeks on Tuesday, hitting as high as $1,994.15 an ounce, up about 0.84%, helped by a weaker dollar and lower U.S. Treasury yields, as investors look forward to the minutes of the Federal Reserve's latest policy meeting for clues on the outlook for interest rates. (2) Edward Meir, a metals analyst who provides research for Marex, said, "The dollar and Treasury yields continue to fall. Central bank demand has also been quite strong. All of this is good for gold. The market is reconsidering the decline we saw yesterday". (3) The U.S. dollar index fell to a more than two-and-a-half-month low as investors expected a U.S. interest rate cut next year. The weakening of the US dollar has led to a lower cost for holders of other currencies to buy gold. U.S. 10-year Treasury yields also fluctuated and weakened, approaching near the two-month lows hit last week. (4) The minutes of the Fed's most recent meeting will be released at 3:00 a.m. Beijing time on Wednesday. Signs of slowing inflation in the U.S. have strengthened market expectations that the Fed has completed raising interest rates. (5) The Fed is widely expected to keep rates unchanged at its December meeting, and according to CME Group's FedWatch tool, the market is now pricing in a more than 50% chance that the Fed will cut rates by at least 25 basis points by May. (6) BMI, the analytical arm of Fitch Solutions, said in a note: "We believe that the main factors boosting gold prices in 2024 will be the Federal Reserve rate cut, a weaker US dollar, and high geopolitical tensions." ”

Gold prices are likely to remain high through 2023-2024, buoyed by global financial instability and the near end of the Federal Reserve's rate hike cycle, BMI, a subsidiary of Fitch Solutions, said in a report. BMI said it maintained its forecast for gold prices to average $1,950 in 2023 and forecast an average of $1,850 in 2024. Rising financial instability, a weaker dollar and peaking bond yields could all be bullish for gold. However, the current dollar strength does remain a headwind.