EUR/USD 1.13040
0.128%
Gold 3233.45
-0.138%
Oil 58.264
-0.717%
USD/JPY 144.978
-0.276%
GBP/USD 1.32769
-0.004%
GBP/JPY 192.489
-0.239%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
European Mediterranean Seismological Center: A magnitude 5.4 earthquake occurred in western Texas, with a focal depth of 10 kilometers.On May 4, Musks SpaceX headquarters in southern Texas, Starbase, is about to become an official city. On Saturday local time, a vote to officially register the Starship Base as a Texas autonomous city was passed overwhelmingly. Most of the 283 eligible voters in the area are SpaceX employees. The base is the launch base for SpaceXs cooperative project with the U.S. Department of Defense and NASA, aiming to send astronauts to the moon and even Mars. Musk first proposed the idea of a star base in 2021, and there was no suspense about the approval this time. This victory means a lot to Musk. The billionaires reputation has fallen since he became the "spokesperson" of Trumps federal layoffs plan, and Teslas profits have shrunk significantly. SpaceXs employment and investment in the area have generally been widely supported by local officials. But the proposal to build a city has also attracted criticism, who worry that it will expand Musks personal control over the area and may have the power to close a popular beach and state park for launches.On May 4, according to The Information, Apple (AAPL.O) plans to adjust the release rhythm of its iPhone next year to cope with its increasingly large product line. It is reported that Apples first foldable iPhone is expected to be released in the fall of 2026 with the iPhone 18 Pro series and "Air" series models. At the same time, the standard version of the iPhone 18 will be postponed to the spring of 2027 and released together with the subsequent models of the iPhone 16e. Apples current product line has expanded to six iPhone models. With the addition of foldable models, the company needs to re-plan its product release schedule to ensure that the management and marketing of the product line are more efficient. The report pointed out that Apples first foldable iPhone will adopt a book-like folding form rather than a clamshell design. The screen size of this model is 5.7 inches when folded, and the screen size will be close to 8 inches when unfolded.May 3, local time, Russian Presidents Press Secretary Peskov said at a press conference that Russia expects Ukraine to take actions to ease the situation during the ceasefire in May. Peskov pointed out that Ukraines response to the ceasefire initiative "is a test of its readiness for peace" and Russia is testing whether Kiev is ready to achieve sustainable long-term peace.Berkshire Hathaway Chairman Abel: Imagine holding Japanese trading companies (stocks) for at least 50 years, or forever.

Gold Price Prediction: XAU / USD is poised for action after moving sideways around $1,820 ahead of the US PMI

Alina Haynes

Feb 28, 2023 11:32

 107.png

 

In the Asian session, the Gold price (XAU / USD) is exhibiting a sideways auction below $1,820.00. The precious metal is anticipated to recover as investors transfer their attention to the United States ISM Manufacturing PMI (Feb), which is scheduled for release on Wednesday.

 

Investors should be aware that the US Manufacturing PMI has contracted for three consecutive months. The term "ecosystem" refers to a group of people who work in the construction industry. The US Manufacturing PMI is anticipated to be 48.0, down from the previous release of 47.4.

 

S&P500 futures have added to Monday's recovery in the Asian session, reflecting an improvement in market participants' risk appetite. The volatility of the US Dollar Index (DXY) is anticipated to decrease until the publication of the US ISM Manufacturing PMI data. The 10-year US Treasury yields fluctuate around 3.92 percent.

 

In the meantime, the resiliency observed in consumer expenditure (Feb) in the United States has compelled the street to increase their projections for future interest rates. Considering the resilience of demand-driven inflation, a note from Bank of America (BofA) suggests Fed chair Jerome Powell announce three additional rate increases this year. According to the BofA, the terminal rate will exceed 6%, and recession is more likely than a gentle landing.


Suggestion