EUR/USD 1.16474
-0.022%
Gold 3343.17
-0.148%
Oil 62.861
0.127%
USD/JPY 147.346
0.030%
GBP/USD 1.34542
-0.001%
GBP/JPY 198.225
0.026%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
NIO (09866.HK) rose more than 3%. The ES 8 technology launch conference is scheduled for today, and pre-sales will start simultaneously.On August 21st, Bocom International published a research report stating that Pop Mart (09992.HK) had strong first-half performance. The bank raised its profit forecast for 2025-27 by 39-49% and raised its target price to HK$394. The company remains the banks top pick in the consumer sector, and the bank remains optimistic about its IP operational capabilities and global expansion, reiterating its "buy" rating. The report indicates that the companys performance achieved explosive growth in the first half of 2025, with revenue of RMB 13.88 billion (the same below), a year-on-year increase of 204.4%, and adjusted net profit attributable to shareholders of the parent company reaching RMB 4.71 billion, a significant year-on-year increase of 362.8%. Gross profit margin and adjusted net profit margin increased by 6.3 and 11.6 percentage points year-on-year to 70.3% and 33.9% respectively.On August 21, local time, UN Secretary-General António Guterres issued a statement through his spokespersons office, strongly condemning Israels decision to approve the construction of over 3,400 housing units in the West Banks "E1 Area." Secretary-Generals spokesperson Stephane Dujarric issued a statement stating that Israels new settlement housing plan violates international law and is contrary to relevant UN resolutions. The statement emphasized that advancing this project poses a threat to the "two-state solution," will result in the division of the West Bank into north and south, and seriously undermine the territorial coherence of the Occupied Palestinian Territory.Cambrians stock price rose by more than 3.75% at the opening, and its share price continued to hit a record high, with a market value of 440 billion yuan.The yield on 20-year Japanese government bonds rose to 2.655%, the highest level since November 1999.

Gold Price Forecast: XAU/USD maintains rises above $1,900; downside appears bolstered by robust yields

Alina Haynes

Jan 18, 2023 14:56

255.png 

 

During the Asian session, the gold price (XAU/USD) exhibits a sideways auction profile above the round-level support of $1,900.00. The precious metal is able to maintain a price above $1,900.00. Tom Barkin, president of the Richmond Federal Reserve (Fed) Bank, made hawkish remarks that boosted US Treasury yields. However, the downside appears to be supported by the rising yields.

 

According to Fed officials, the economy has passed the inflation peak, but we are still far from the Consumer Price Index median (CPI). Therefore, a premature retreat from interest rate hikes is undesirable. 

 

Meanwhile, market volatility is increasing as risk-perceived assets lose traction. Futures on the S&P 500 have accelerated their losses, indicating that the risk-aversion theme is gaining traction. A drop in market participants' risk appetite has impacted the demand for US government bonds. This has caused 10-year US Treasury yields to rise above 3.54 percent.

 

In the future, investors will pay close attention to the United States Producer Price Index (PPI) (December) and monthly Retail Sales (December) statistics. According to estimates, the headline PPI (Dec) is anticipated to decline to 6.8%, while the core PPI is anticipated to decline to 5.9%. In addition, monthly Retail Sales statistics may indicate a 0.1% growth as opposed to the 0.6% decrease previously reported. A rise in Retail Sales statistics could increase the likelihood of a rebound in inflation estimates.


Suggestion