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January 12 - The State Council Information Office will hold a press conference at 10:00 AM on Wednesday, January 14, 2026, where Wang Jun, Deputy Director of the General Administration of Customs, will introduce the import and export situation for the whole of 2025 and answer questions from reporters.On January 12th, Saul Eslake, former chief economist at Bank of America Merrill Lynch Australia, pointed out that the Trump administrations continued attacks on the Federal Reserves independence are one of the reasons for the decline in short-term interest rates while long-term bond yields are rising. Recent attacks on Powell will continue to impact global long-term interest rates, and Australia will also be affected—meaning that the countrys government debt burden may face further upward pressure.January 12th - The State Council Information Office will hold a regular policy briefing at 10:00 AM on Tuesday, January 13th, 2026. Zhou Haibing, Vice Chairman of the National Development and Reform Commission, Li Gao, Vice Minister of the Ministry of Ecology and Environment, and relevant officials from the Ministry of Industry and Information Technology, the Ministry of Housing and Urban-Rural Development, and the Ministry of Agriculture and Rural Affairs will introduce the relevant situation of the "Comprehensive Action Plan for Solid Waste Management" and answer questions from reporters.AI application concept stocks in Hong Kong continued to strengthen, with Zhipu (02513.HK) rising more than 23%, MINIMAX-WP (00100.HK) rising more than 21%, and Meitu (01357.HK), Weimob Group (02013.HK) and others following suit.On January 12, Trump denied involvement in the Justice Departments subpoena of the Federal Reserve. Speaking about Fed Chairman Powell, he said, "I have no idea about it, but hes clearly not doing well at the Fed, and hes not good at managing construction projects." Trump stated that the Justice Department subpoena was unrelated to interest rates: "No, I would never even consider putting pressure on him that way. What should really be putting pressure on him is the fact that interest rates are too high; thats the only pressure hes under." He added, "Hes hurt a lot of people, and I think the public is putting pressure on him."

Gold Price Prediction: The XAU/USD pair flirts with a two-week high below $1,800 ahead of US PCE Inflation

Alina Haynes

Dec 01, 2022 15:03

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Gold price (XAU/USD) oscillates near a two-week high in the vicinity of $1,780 on Thursday morning as buyers await critical US inflation data. Consequently, during the three-day upswing, the price of bullion advances to within a few minutes of the previous multi-day high.

 

Notably, dovish statements from Federal Reserve (Fed) officials, particularly Chairman Jerome Powell, combined with weaker US employment-related data to drive the Gold price higher the day before. In the same vein, the virus-driven activity limitations in China have loosened as the dragon kingdom reported three consecutive days of dropping daily infections after setting a new record high.

 

However, a recent increase in US inflation expectations, as indicated by the 10-year and 5-year breakeven inflation rates as reported by the St. Louis Federal Reserve (FRED) data, should have also investigated the metal's recent upward movement. Additionally challenging the XAU/USD bulls could be Jake Sullivan's pessimistic views, which signal that the Sino-American optimists face new obstacles. "The United States views China as a growing strategic danger," the official stated.

 

As a reflection of the market's sentiment, S&P 500 Futures post modest gains, while Asia-Pacific equities follow Wall Street's upward trend. In addition, US 10-year Treasury bond yields continue under pressure around 3.62 percent a day after hitting a two-month low.

 

Janet Yellen, secretary of the US Treasury, has stated that the US economy will likely be able to accomplish a so-called "soft landing," in which inflation decreases without triggering a severe recession. Gold buyers remain optimistic as they await the Fed's favored inflation indicator, the US Core Personal Consumption Expenditure (PCE) Price Index for October, which is anticipated to be 5.0% YoY versus 5.1% before.

 

In addition, the US ISM Manufacturing PMI for November, which is anticipated to be 49.8 compared to 50.2 in October, as well as news about China and comments from the Fed's second-tier policymakers will be crucial.

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