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Hong Kong-listed new consumer stocks adjusted today, with Weilong (09985.HK) falling more than 6%, Shanghai Auntie (02589.HK), Bruco (00325.HK), Miniso (09896.HK), and Pop Mart (09992.HK) all falling more than 5%.On October 17th, Houthi leader Abdul Malik al-Houthi issued a warning in a speech on the 16th that if Israel violated the ceasefire in the Gaza Strip, the Houthis were fully militarily prepared to return to the battlefield at any time. In his speech, Abdul Malik al-Houthi confirmed the death of Houthi Chief of Staff Mohammed al-Ghabari, stating that he had "died in the line of duty," but did not specify the time and place of death. He also stated that the Houthis recently detained several UN agency staff members because they were suspected of spying for the United States, Israel, and the United Kingdom, providing intelligence, coordinates, and planning sabotage operations.Novo Nordisks European shares fell 5% after Trump said prices of weight loss drugs would be cut.Starbucks (SBUX.O) investors are calling on the company to restart negotiations with its unionized baristas.On October 17th, Israeli Defense Minister Katz posted on social media that he had instructed the Israeli military to establish physical markers along the so-called "Yellow Line" in the Gaza Strip (to which the Israeli army withdrew under the first phase of the Gaza ceasefire agreement) to ensure that the Israeli armys control boundary is "clearly visible" and to warn Hamas fighters and Gaza residents that any crossing of the line or attempted crossing will be met with fire. According to the relevant provisions of the first phase of the Gaza ceasefire agreement, after the ceasefire takes effect, the Israeli army will redeploy to the so-called "Yellow Line" in the Gaza Strip, but will still control approximately 53% of the Gaza Strip.

Forecast for Gold Price: XAU/USD bulls want 50% mean reversion

Alina Haynes

Feb 08, 2023 12:01

截屏2022-06-07 下午5.15.32.png 

 

The Gold price ended the day mostly stable against a mixed US Dollar, which was pushed and pulled by Jerome Powell's remarks at The Economic Club of Washington, D.C.'s Signature Evening.

 

While he repeated much of what he said in the press conference that followed last week's interest rate decision, the markets reacted quickly to his most dovish statements, which were largely surrounded by hawkish language, and the US Dollar plummeted.

 

As the markets processed the comments, gold gained only to fall back under pressure, fluctuating between $1,865 and $1,884 at its highest point. As of this moment, the Gold price in Asia has reached a session high of $1,878.46.


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