HSBC lowers gold price forecast for 2026 and 2027

According to Edaily, Shin Hyun song, the Governor of the Bank of Korea, stated at a plenary session of the Finance and Economics Committee of the National Assembly that South Korea should introduce a Korean won stablecoin system as soon as possible, with priority given to issuance by banking consortia, and establish a statutory policy body to reduce risks. Shin Hyun song calls for the swift advancement of the legislative process for the Basic Law on Digital Assets. Yoo Dong soo, Chairman of the Parliamentary Affairs Committee, stated that legislation should be pushed forward as soon as possible and requested the Financial Committee to submit government proposals.

The Chief Cabinet Secretary of Japan, Mr. Kinohara, expressed his hope to address the market by steadily reducing the government debt to GDP ratio.

According to The Kobeissi Letter, the ratio of the Nasdaq 100 Volatility Index VXN to the S&P 500 Volatility Index VIX has risen to 1.7, the highest level in 23 years. The ratio has surpassed 1.5 for the first time since 2018, with a peak of approximately 1.6 during the 2008 financial crisis. The current VXN is 28 points and VIX is 16 points, with VIX being 43% lower than VXN. VXN has been above 20:00 for 5 consecutive months, the longest continuous time since 2022.

OKX-BTC/USDT is currently trading at $63000, with a 5-minute increase of 0.18%. Please be aware of market fluctuations.

Jiashi crude oil LOF, crude oil LOF at E Fund, Southern crude oil LOF, S&P oil and gas ETF Fuguo, and oil LOF experienced a turnaround from gains to losses during the trading session. US President Trump expressed Iran's intention to reach an agreement.