EUR/USD
1.15730
-0.129%
Gold
4655.44
0.145%
Oil
93.238
-1.065%
USD/JPY
157.963
0.152%
GBP/USD
1.34219
-0.063%
GBP/JPY
212.021
0.140%
Real-time News
March 20th - Generally, geopolitical conflicts can fuel market risk aversion, pushing up gold prices. For example, after the outbreak of the Russia-Ukraine conflict in February 2022, gold prices surged within two weeks. However, since the outbreak of the Iraq War, while oil and the US dollar have soared, gold has experienced a continuous decline. "This counterintuitive trend in gold prices is mainly due to the fact that interest rate logic is significantly suppressing safe-haven logic," said Qu Rui, Senior Deputy Director of the Research and Development Department at Orient Securities. He added that the ongoing conflict in the Middle East and the continued rise in oil prices are pushing up global inflation expectations, which may reinforce the Federal Reserves stance of maintaining unchanged interest rates, putting downward pressure on precious metals. Qu Rui cautioned that short-term gold price movements still need to focus on factors such as the Federal Reserves interest rate cut window and the evolution of the Middle East situation, and to be wary of potential risks such as unexpectedly high global inflation and escalating geopolitical conflicts.European Council President Costa: (Regarding Hungarian Prime Minister Orbáns obstruction of loans to Ukraine) No one can blackmail the European Council.European Commission President Ursula von der Leyen: The EU will provide loans to Ukraine regardless of the circumstances.European Commission President Ursula von der Leyen: We will consider the industry’s concerns about the carbon emissions trading system.European Commission President Ursula von der Leyen: We need to modernize the EUs carbon pricing mechanism.
