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Russia seizes settlement in Donetsk, Ukraine reports grim situation in Pokrovsk frontline

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Russia seizes settlement in Donetsk, Ukraine reports grim situation in Pokrovsk frontline

2024-09-09 09:56 Last Updated At:14:07

Russia said on Sunday that its forces had seized control of one more settlement in Donetsk in the past 24 hours, while Ukraine reported on the same day the situation in the Pokrovsk frontline is still grim, according to their latest updates on the conflict.

The Russian Ministry of Defense reported that Russian troops destroyed Ukrainian tanks, armored vehicles, howitzers and other equipment, and hit drone workshops, ammunition depots and other facilities in combats with Ukrainian forces over the past 24 hours, the ministry said. In the direction of Kursk, Russian forces thwarted five attacks by Ukrainian commandos targeting several settlements, it said.

Meanwhile, the General Staff of the Ukrainian Armed Forces reported of 95 battles in the frontlines, with the most intense fighting in the Kurakhove and Pokrovsk directions.

The situation in the Pokrovsk direction is still grim, and the command of the Ukrainian armed forces has been taking all necessary measures to repel the Russian offensive and stabilize the situation, it said.

The governor of Russia's southern Belgorod region said on Sunday that Ukrainian forces launched drone attacks targeting a fuel depot in Volokonovsky District, triggering fires.

"The explosions caused several fuel tanks to catch fire. Firefighting crews are still working to extinguish the fires ," Vyacheslav Gladkov wrote on Telegram.

There had been no report on casualties and damage to facilities so far, he said.

Ukraine has yet made comments on the drone attack.

Russia seizes settlement in Donetsk, Ukraine reports grim situation in Pokrovsk frontline

Russia seizes settlement in Donetsk, Ukraine reports grim situation in Pokrovsk frontline

Russia seizes settlement in Donetsk, Ukraine reports grim situation in Pokrovsk frontline

Russia seizes settlement in Donetsk, Ukraine reports grim situation in Pokrovsk frontline

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Beijing consumer gold market remains hot despite rising prices

2024-09-17 04:15 Last Updated At:08:17

Beijing's consumer gold market has been running hot during the Mid-Autumn Festival holiday, despite recent rises in the gold price on international markets.

Last week, the main contract for gold futures on the New York Mercantile Exchange (COMEX) has risen to over 2,600 U.S. dollars per ounce.

At a gold shop in Beijing's Xicheng District, the price of pure gold jewelry went up to about 737 yuan (about 104 U.S. dollars) per gram, but many shoppers are still looking to buy gold jewelry especially during the Mid-Autumn Festival holiday and the end-of-summer wedding season.

"It is now more than 700 yuan (about 98.7 U.S. dollars) per gram, but when we were here about two months ago, it was only just above 600 yuan (about 84.6 U.S. dollars) per gram," said a customer.

"I'm getting married, so I came to have a look. Even if the price goes up, we still have to buy it," said another customer.

"I had nothing to do during the holidays, so I came here to take a look [at the gold jewelry]. I just bought a lucky charm bead and now I want to take a look at the bracelet," said another customer.

At the shop's gold investment counter, many consumers have been making inquiries about gold bars, which has long been considered a safe investment, although experts recommend caution in the rising gold market.

At the shop's gold investment counter, many consumers have been inquiring about gold bars, which have long been considered a safe investment. However, experts recommend caution in the rising gold market.

"Many investors will buy gold bars for medium- to long-term investment based on their expected price as part of their overall family asset allocation. We suggest that investors be more rational in their decisions," said Li Yang, a senior gold investment analyst.

Beijing consumer gold market remains hot despite rising prices

Beijing consumer gold market remains hot despite rising prices

Beijing consumer gold market remains hot despite rising prices

Beijing consumer gold market remains hot despite rising prices

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