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On September 6th, Ukrainian President Volodymyr Zelenskyy posted on social media that he spoke with US President Donald Trump by phone after attending a virtual "Coalition of the Willing" conference in Paris, France. The calls focused on additional sanctions against Russia and plans to protect Ukrainian airspace. Several European leaders joined the call. Russia responded by stating that it would never accept the deployment of foreign troops in Ukraine. Russian President Vladimir Putin stated in Vladivostok on the 5th that if any country sends troops to Ukraine, Russia would consider them a target. Russian President Putin stated: "As for Western countries sending troops to Ukraine, this is one of the root causes of the conflict and has dragged Ukraine into NATO. If any foreign troops are present in Ukraine, especially while the conflict is ongoing, we would consider them legitimate targets."According to The Information: The European Commission warned that it may force the split of Googles (GOOG.O) advertising technology department.On September 6, Qualcomm (QCOM.O) CEO Cristiano Amon said that Intels (INTC.O) current production technology has not yet reached the supplier standards of mobile phone processor manufacturers. Amon said on the show that if Intel can improve its manufacturing process to produce more energy-efficient chips, Qualcomm will consider cooperating with it. "Intel is not an option for us at the moment," Amon admitted, "but we hope to include it in the range of options in the future." The CEO said that Qualcomm will continue to cooperate with existing foundries TSMC and Samsung Electronics. As a chip design company, Qualcomm, like most companies in the industry, adopts an outsourced production model. Intel, once the worlds largest chip manufacturer, is trying to reverse its decline by attracting external customers such as Qualcomm while maintaining its independent chip manufacturing business.U.S. Energy Secretary Wright: Natural gas will become the largest export product of the United States.Market news: U.S. credit card debt has climbed to $1.21 trillion from $0.88 trillion three years ago.

Forecast for Gold Price: XAU/USD hopes to extend its advances above the 23.6% Fibo barrier level

Alina Haynes

Sep 06, 2022 15:25

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"Gold bulls are attempting their luck once more by recapturing the $1,716 barrier, which is the 23.6% Fibonacci Retracement level of the most recent slide from the peak of $1,808 on August 10." Failure to hold above the latter may strengthen selling pressures, prompting a return to Monday's low of $1,708. The next support level is expected at $1,700, below which the six-week low of $1,689 might be retested."

 

"If the rebound momentum continues, bulls will attempt the 38.2% Fib level at $1,734 on a sustained move above the daily high of $1,727 and $1,730."


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