EUR/USD 1.14859
0.096%
Gold 4376.53
0.805%
Oil 95.469
-1.085%
USD/JPY 156.726
0.486%
GBP/USD 1.33935
0.269%
GBP/JPY 209.919
0.759%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian President Zelensky: This week alone, Russia has launched more than 2,000 attack drones at us, most of which are jet-powered drones, while also dropping 1,700 aerial bombs and launching 19 missiles of different types.September 20 - According to the Japan Meteorological Agency, a 5.0-magnitude earthquake struck off the coast of Amami Oshima at approximately 4:28 p.m. local time on the 20th. The earthquake had a depth of 60 kilometers and the strongest tremor was felt at an intensity of 3.On September 20th, InvestChina Jiachuan released its August 2026 China M&A Market Data Report, showing that in August 2026, the Chinese M&A market disclosed 455 preliminary M&A transactions, of which 217 disclosed transaction amounts, totaling RMB 122.995 billion, representing an 84.73% increase month-on-month and a 59.42% decrease year-on-year. Overall, the transaction amount ended a four-month decline, and the size of individual transactions increased significantly.September 20th - According to the China State Railway Group Co., Ltd., from January to August this year, the national railway system transported a total of 2.69 billion tons of freight, with an average daily loading of 187,400 wagons, maintaining a high level of operation. This provided reliable transportation support for reducing overall logistics costs and ensuring the stable operation of the national economy. Since the beginning of this year, the railway sector has fully leveraged the advantages of the nationwide railway network and centralized dispatching and command, increasing the transportation of coal from major coal-producing areas in Shanxi, Shaanxi, Inner Mongolia, and Xinjiang, striving to ensure that all coal for power generation is loaded, and fully supporting various regions in meeting peak summer demand. From January to August, the national railway system transported 1.389 billion tons of coal, including 928 million tons for power generation. Coal reserves at power plants directly supplied by railways nationwide have remained at a high level.Ukrainian President Zelensky: The Ukrainian military attacked an oil refinery in the Moscow region of Russia.

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