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As the situation between Russia and Ukraine escalates, gold prices soar again.‍

Let’s take a look at the latest battle situation:

Ukraine expands the area of ​​Russian territory it occupies

According to Xinhua News Agency, 24 Ukrainian soldiers surrendered to the Russian army in Kursk Oblast, Russia. Ukrainian President Zelensky posted on social media that Ukraine has strengthened its defense in Kursk Oblast and expanded the area of ​​Russian territory it occupies.

According to a report by the Russian News Agency on the 17th, 24 soldiers of the 22nd Independent Mechanized Brigade of the Ukrainian Armed Forces surrendered to the Russian army near the village of Komarovka in Kursk Oblast. Social media released a video shot by a drone of the Ukrainian army transporting the surrendered soldiers.

The Russian Ministry of Defense reported on the 17th that Ukraine had lost up to 300 soldiers and 31 armored vehicles in the past 24 hours. In the battle in Kursk Oblast, Ukraine had lost a total of 3,160 soldiers and 44 tanks.

Sharov, deputy director of the Information Policy Department of the Russian Ministry of Emergency Situations, said at a press conference on the 17th that in the past 24 hours, more than 3,000 people were evacuated from the border areas of Kursk Oblast to safe areas. At present, about 10,000 people evacuated from the state have been accommodated in 172 temporary shelters in 24 regions of Russia.

The situation around Russia's two nuclear power plants continues to deteriorate

On the 17th local time, Russian State Atomic Energy Corporation President Likhachev had a telephone conversation with IAEA Director General Grossi to discuss the situation around the Kursk Nuclear Power Plant and the Zaporizhia Nuclear Power Plant.

Likhachev said in the call that the situation around the two nuclear power plants continued to deteriorate.

In addition, Likhachev also invited Grossi to visit the Kursk Nuclear Power Plant and the city of Kurchatov.

Russian Foreign Ministry spokeswoman Zakharova said on the same day that there was information indicating that Ukraine had begun preparing to attack the Kursk nuclear power plant.

The Russian Ministry of Defense stressed that if Ukraine implements this plan, Russia will immediately take severe response measures.

Ukrainian troops blew up a bridge in Kursk Oblast

The Global Times quoted Reuters on the 17th that the Russian Foreign Ministry said that the Ukrainian army used Western weapons to blow up a bridge over the Seim River in the Glushkovo area of ​​Kursk Oblast and killed volunteers who tried to evacuate civilians.

Russian Foreign Ministry spokeswoman Zakharova said: "For the first time, the Kursk region was attacked by a Western-made rocket launcher, probably an American HIMARS rocket launcher."

Video screenshots

Zakharova also said: "As a result of the attack on the Seim River bridge in the Glushkovo area, the bridge was completely destroyed and a number of volunteers who assisted in the evacuation of civilians were killed."

Alexi Smirnov, acting governor of Kursk Oblast, also confirmed that a road bridge over the Seim River in the Glushkovo region was destroyed by an attack by Ukrainian troops.

Ukrainian artillery fire caused a large shopping mall in Donetsk to catch fire

According to reports by RT and TASS, Donetsk regional leader Pushilin confirmed that a large shopping mall in Donetsk caught fire after being shelled by Ukrainian troops that day, and the fire spread to more than 10,000 square meters. The latest news from TASS said that the fire has caused at least 2 deaths and 11 injuries.

RT report illustration

Gold hits new all-time high

Affected by the situation in the Middle East and the escalation of the conflict between Russia and Ukraine, the international gold price hit a new record high on Friday. As of the close, COMEX gold futures rose 2.16% to close at $2,546.2 per ounce. At the same time, the spot gold price also broke through the $2,500 per ounce mark for the first time.

In addition, the rise in gold prices is also related to the increase in expectations of the Fed's interest rate cuts. Last week, the US price index was lower than expected. The US PPI for July released on Tuesday night and the US CPI for July released on Wednesday night were both lower than expected and hit new lows. The Fed's expectations for interest rate cuts have been further strengthened. It is possible that the Fed will cut interest rates by 50 basis points in September, or there is a small probability of a temporary interest rate cut in August. Therefore, the US dollar fell sharply and gold rose.

On Friday evening, Federal Reserve Chairman Powell confirmed that he will speak at the Jackson Hole Global Central Bank Annual Meeting on August 23, which may provide information on changes in monetary policy in the second half of the year and also have a certain impact on the market.

Contents are compiled from: Xinhua News Agency, CCTV News, Global Times, etc.

Editor: Chen Lixiang

Proofreading: Yang Lilin‍

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