Core Viewpoint - Dailies International (00333) anticipates a net loss of no more than HKD 40 million for the six months ending December 31, 2025, compared to a net loss of HKD 15.8 million in the same period of 2024 [1] Group 1: Financial Performance - The expected loss is primarily attributed to a significant decline in revenue due to reduced order volumes from major clients [1] - The decline in orders reflects increased geopolitical uncertainty, fluctuations in the global trade environment, and anticipated price adjustments affecting consumer demand [1] - The gross margin has decreased mainly due to idle production capacity leading to insufficient allocation of fixed costs and a product mix skewed towards lower-margin products [1]

Group 1 - Gold prices experienced a slight decline on July 23, primarily due to investors taking profits after prices reached a five-week high [1] - The focus of market participants is on the trade negotiations ahead of the August 1 tariff deadline set by President Trump [1] - As of the report, spot gold prices fell by 0.53%, trading at $3413 per ounce [1] Group 2 - The Trump administration has intensified pressure on the Federal Reserve, with President Trump urging for interest rate cuts and calling for the resignation of Fed Chairman Powell [3] - Treasury Secretary Mnuchin proposed a comprehensive internal review of the Federal Reserve, raising concerns about the potential loss of central bank independence [3] - Ongoing trade tensions between the U.S. and Europe have led to a stalemate in negotiations, contributing to uncertainty in tariff policies and a volatile global trade environment [3] Group 3 - The early part of the week saw a positive trend in gold prices, breaking through previous resistance levels and stabilizing above $3400 [5] - Short-term support for gold is identified at $3405, with key resistance levels at $3438 and historical highs at $3452 [5] - The market outlook suggests a cautious approach, with strategies to enter long positions near $3405 and short positions near $3435, while monitoring for potential breakouts [5]