According to a ChainCatcher news flash, China's Ministry of Commerce has decided to take countermeasures against a US-based compliance testing company. The ministry has also moved to strengthen export controls on drone-related dual-use items. On the market front, data from Gate shows that spot gold and silver have both surged over 4%, and gold once climbed to above $4,260. Meanwhile, Federal Reserve official Neel Kashkari made remarks indicating that now is the time to gradually raise rates, although he does not support a large-scale increase. In regional developments, Iran and Oman are said to be nearing an agreement on a strait, and the prospective new waterway could be used for two to four months.
China's Ministry of Commerce has announced countermeasures against a US-based compliance testing company, while tightening export controls on drone-related dual-use items, according to ChainCatcher.
Gate market data showed spot gold and silver both climbing more than 4%, with gold briefly above $4,260. Federal Reserve official Neel Kashkari said it is time to gradually raise interest rates, but he does not advocate a sharp increase. In the Middle East, Iran and Oman are close to reaching a strait agreement, and the new shipping route is expected to be usable for two to four months.
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