China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
The USD/CNY currency pair is expected to see some further upside for USD/CNY for the time being, with a caution mood reckoned to stay on for a while, according to the latest research report from Commerzbank.
The spread of the SARS-like virus in China has resulted in a risk-off sentiment in Asian trading session, sending USD/CNY towards 6.90. As the Lunar New Year rush ("Chunyun") is undergoing, and the experts suggest that more infections can be expected, the market has shifted to "safe heaven" mode.
Over the short term, the sentiment is likely to remain weak, and will be largely dependent on the progress of new infection reports. If the spread of the virus can't be controlled, the market will have to worry about the downside risks faced by the Chinese economy, the report added.
"The enthusiasm derived from US-China trade deal will gradually diminish due to the economic challenges China is facing, and unfortunately the renewed virus concerns could further weigh on the business confidence," Commerzbank further commented in the report.
