EUR/USD 1.17743
-0.026%
Gold 4531.31
1.129%
Oil 56.825
-2.374%
USD/JPY 156.488
0.356%
GBP/USD 1.35028
-0.027%
GBP/JPY 211.305
0.408%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian Foreign Minister Kuleba: Water supply has been restored in Kyiv and surrounding areas.Sudans Rapid Support Force (RSF): On Saturday, the RSFs air defense forces shot down a Turkish-made Bairaktar drone in the Brno region of South Kordofan province.The mayor of Moscow stated that three drones heading towards Moscow have been shot down. Emergency services are working at the crash site.December 27th - In recent months, the US government has escalated its military threats and sanctions against Venezuela, leading to the disruption of numerous international shipping routes and severe disruptions to maritime logistics. Venezuela is experiencing shortages of some medicines and medical equipment, with the prices of some life-saving drugs soaring to levels unaffordable for ordinary citizens. A reporter from CCTV visited a large pharmacy in the northeastern suburbs of Caracas, the Venezuelan capital. Local consumers can still purchase common medicines there, but some antibiotics are sold out. Furthermore, some emergency medicines and medical supplies are prohibitively expensive. For example, the only insulin injector sold there costs more than three times the price of similar products on the international market. It is understood that Venezuela relies on imports for 90% of its pharmaceutical raw materials, and medical equipment such as monitors and anesthesia machines are almost entirely dependent on overseas supplies.Ukrainian President Zelensky: The security guarantees provided by the United States will depend on what US President Trump is prepared to provide.

Forecast for Gold Price: XAUUSD oscillates above $1,770 as attention switches to US Retail Sales

Daniel Rogers

Nov 15, 2022 16:52

 截屏2022-09-15 下午3.06.36.png

 

During the Asian session, the gold price (XAUUSD) is fluctuating in uncharted area above the crucial barrier of $1,770.00. Amid market uncertainty preceding the US midterm elections, the precious metal has moved sideways. However, the public anticipates a decisive victory for Republicans in the House of Representatives.

 

The US dollar index (DXY) is failing to surpass the immediate barrier of 107.00 as the likelihood of the Federal Reserve (Fed) maintaining its current pace of rate hikes decline. In addition, increased demand for U.S. government bonds has caused rates to plummet. In the meantime, S&P500 futures have continued their rebound following Monday's pessimism.

 

The US Retail Sales statistics will be a focal point moving forward. According to predictions, the economic data is expected to be 0.9% compared to the previous release of 0%. The core Consumer Price Index (CPI) for the month of October decreased to 0.3% from 0.6% in the previous report. The combination of a drop in price growth and a substantial increase in retail sales shows healthy retail demand.


Suggestion