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It is understood that Ukraine may send a delegation to Moscow to negotiate a solution to the Russia-Ukraine conflict. Kyiv is considering this possibility.On February 11, the Ministry of Culture and Tourism released the "Measures for Handling Tourism Complaints." The measures stipulate that local cultural and tourism authorities at the county level and above should, under the leadership of the peoples government at the same level, establish and improve a working mechanism for handling tourism complaints in conjunction with relevant administrative departments, consumer organizations, and peoples mediation organizations. When handling tourism complaints, if a tourism operator or their employees are suspected of violating laws, regulations, or rules, the tourism complaint handling agency should promptly take action in accordance with the law. For complaints falling within the agencys jurisdiction, administrative penalties should be imposed according to law; for complaints outside the agencys jurisdiction, written notification should be promptly given and the case transferred to the relevant departments for investigation and handling; if a crime is constituted, criminal liability should be pursued according to law.According to Irans Nour News, Shamkhani, an advisor to Irans Supreme Leader, stated that Tehrans missile capabilities are a red line.February 11 - China Resources Power (00836.HK) announced in Hong Kong that its subsidiary power plants sold 23,788,790 MWh of electricity in January 2026, an increase of 28.4% year-on-year. Among them, the sales volume of subsidiary wind farms reached 4,929,982 MWh, an increase of 7.2% year-on-year; and the sales volume of subsidiary photovoltaic power plants reached 1,279,386 MWh, an increase of 72.3% year-on-year.The Central Bank of Serbia reported that its foreign exchange reserves stood at €29.4 billion at the end of January, an increase of €388 million compared to the previous month.

Gold Price Prediction: XAU/USD anticipates additional gains ahead of China and U.S. inflation

Alina Haynes

Jan 11, 2023 11:54

Gold price (XAU/USD) demonstrates usual pre-data concern as it approaches $1,875 on Wednesday morning, exploring a three-day rally around the highest levels since May 2022. In doing so, gold demonstrates the market's faith in the traditional safe-haven, even if the US Dollar recovers from its multi-day low. The uncertainty surrounding the next steps of the US Federal Reserve (Fed) and the pessimistic economic forecasts of the World Bank (WB), not to mention cautious optimism towards China, may be to blame.

 

Federal Reserve (Fed) Chair Jerome Powell's remarks at Riksbank's International Symposium on Central Bank Independence were unable to provide additional clarification on the US central bank's monetary policy outlook, which prompted a stampede for gold in the face of uncertainty. In his most recent public appearances, the policymaker lauded the US central bank's latest steps while emphasizing the Fed's independence and lack of commitment to climate control. Notably, Federal Reserve Governor Michelle Bowman seemed hawkish when she stated that additional rate hikes are required to combat excessive inflation, which should have pressured the XAU/USD bulls in the aftermath.

 

Notably, the recent softening of hawkish bets on the Fed's next moves, as well as lower US data, appear to keep gold investors optimistic, despite the Federal Reserve's efforts to defend its tight monetary policy. Tuesday, the US NFIB Business Optimism Index for December fell to its lowest level since 2013 if various anxieties caused by the worldwide Covid wave are disregarded. In addition, US Wholesale Inventories for November stayed constant at 1.0% growth.

 

Alternatively, a rebound in the US Dollar Index (DXY) from the seven-month low appears to pose a threat to the Gold price, due to the inverse link between the XAU/USD and the dollar's index against the six main currencies. Tuesday marked the conclusion of a two-day downturn for the DXY as it rebounded from the multiday low to settle at 103.30. In doing so, the US Dollar Index tracked the firmer US 10-year Treasury note yields, which increased 10 basis points (bps) to 3.61 percent, falling one basis point (bp) to 3.60 percent at the latest.

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