Spot gold rose above $4,870 per ounce, up 2.24% on the day.

Energy: 1. Russian Deputy Prime Minister Novak: Natural gas production in 2025 will reach 84.57 billion cubic meters. 2. International Energy Agency: Oil and gas prices will face downward pressure for several years due to ample supply. 3. Ukrainian Economy Minister: More than 4 billion cubic meters of natural gas still need to be imported to get through the winter. 4. Market news: All ports in Libya's oil crescent are closed due to severe weather. 5. Market news: Israeli officials will travel to Cyprus to negotiate on natural gas reserves. 6. US Trade Representative Greer: The US will continue to be an important source of liquefied natural gas for Europe. 7. India's crude oil production in December fell 5.6% year-on-year; India's natural gas production in December fell 4.4% year-on-year. 8. Fitch: Tanker shipping rates may rise due to the shift in Venezuelan oil production. Global oil production is unlikely to change rapidly, as a significant increase in Venezuelan oil production and transportation will take a considerable amount of time. 9. The US military seized its seventh sanctioned oil tanker linked to Venezuela in the Caribbean. Precious Metals and Mining: 1. The Democratic Republic of Congo (DRC) government forces recaptured the strategically important eastern city of Uvila. 2. Bank of America: Global investor sentiment is high, with long gold being the most crowded trade. 3. International Aluminium Institute (IAI): Global primary aluminum production in December was 6.296 million metric tons. 4. US Treasury Secretary Bessenter: Price floor and ceiling for key minerals will be set. 5. US Secretary of State Rubio will chair the first ministerial meeting on key minerals on February 4th. 6. The Polish central bank approved a plan to purchase 150 tons of gold, increasing its gold reserves to 700 tons. 7. Statistics South Africa: South African gold production in November fell 6% year-on-year; South African platinum group metals production in November fell 2.8% year-on-year. 8. Mexican Statistics and Census Service: Mexico's silver production in November totaled 328,486 kg. Mexico's copper production totaled 41,126 tons in November. 9. Is the Shuibei Market banning the sale of copper bars? Some markets responded that they have not received any such notice. Agriculture: 1. Vietnamese official media: Vietnam will reserve 7.73 million tons of rice for export this year. 2. Malaysian Palm Oil Council: Palm oil prices are expected to fluctuate narrowly between 4,000 and 4,300 ringgit per ton in February. 3. Brazil's National Association of Grain Exporters (ANEC): Brazil's soybean exports are expected to reach 3.79 million tons in January, up from 3.73 million tons last week. Tariffs: 1. Trump: If the Supreme Court restricts the federal government's tariff policy, other means can be used. 2. European Parliament freezes the ratification process of the US-EU trade agreement.

[Futures Market Hotspot Tracking] The depreciation of the US dollar has improved the export competitiveness of US soybeans, coupled with favorable crushing conditions supporting the market. However, the Brazilian harvest has begun, with expectations of a record-breaking yield looming. Given this mixed picture, what is the upside potential for US soybean prices?

Pivotal Research: Lowered its price target for Netflix (NFLX.O) from $105 to $95.

Spot gold surged 2.00% on the day, currently trading at $4,858.51 per ounce.

L'Oréal: Will establish a technology center in Hyderabad, India, with an initial investment of over 35 billion rupees.