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According to the Wall Street Journal: The Washington Post suffered a cyber attack, resulting in the compromise of the email accounts of several journalists.June 16, European Commission President Ursula von der Leyen said on Sunday that she had spoken with Israeli Prime Minister Benjamin Netanyahu about the situation in the Middle East. Von der Leyen reiterated the EUs commitment to peace, stability and diplomatic efforts that have helped ease tensions. "Europe has always been clear: Iran can never acquire nuclear weapons. There is now an urgent need to reach a negotiated solution," von der Leyen said.The Iraqi Shiite armed group "Kataib Hezbollah" issued a statement on the 15th saying that if the United States intervenes in the current military conflict between Israel and Iran, the organization will "not hesitate" to launch attacks on US interests in the Middle East, including military bases. The statement also called for the closure of the US embassy in Iraq and the expulsion of US troops in Iraq, "because they are the most obvious and serious threat to Iraqs security and regional stability."French President Macron: Greenland must not be sold or occupied; the situation in Greenland is a warning to Europeans.On June 16, local time on June 15, Israeli Prime Minister Netanyahu said that if Iran accepts the USs request to abandon its nuclear program, Israel is willing to stop its actions. He also said, "When we eliminate these capabilities, it will all end, and we will definitely do so." Netanyahu said that Israel shared with the United States intelligence that Iran is developing nuclear weapons: "It is clear that they are developing a secret plan to weaponize uranium. They are progressing very quickly. They will build a test device, or even an initial device, within a few months, or even less than a year. This is the intelligence we shared with the United States."

Ahead of preliminary US S&P PMI data, the XAU/USD remains sideways below $2,000, according to our Gold Price Forecast

Alina Haynes

Apr 20, 2023 13:49

 截屏2022-08-04 下午5.25.46_1024x576.png

 

In the early European session, the Gold price (XAU / USD) is exhibiting erratic movements near $1,994.00. The precious metal is in a state of indecision as investors await the release of preliminary S&P PMI data for the United States on Friday.

 

After violent swings influenced by the Federal Reserve's (Fed) Beige Book, the US Dollar Index (DXY) is showing signs of volatility contraction below 102.00. The declining trend of advances to consumer and business loans by U.S. commercial banks has intensified concerns of a recession in the U.S. economy, despite the fact that economic activity in 12 Fed districts remained virtually unchanged. To prevent a decline in asset quality, banks have tightened credit disbursement requirements.

 

In the meantime, S&P futures have recorded sizeable losses during the Asian session, as investors are wary of firms' comments regarding revenue guidance. The market anticipates that constrained credit conditions will impact the working capital management of cash-reliant companies, thereby affecting their output.

 

The market expects preliminary US S&P PMI data to reveal a Manufacturing PMI reading of 49.0, a decrease from the previous reading of 49.9. The Services PMI is anticipated to decrease to 51.5 from 52.6 previously reported.


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