EUR/USD 1.18752
-0.040%
Gold 5069.85
1.187%
Oil 60.246
-0.810%
USD/JPY 154.467
0.166%
GBP/USD 1.36765
-0.010%
GBP/JPY 211.263
0.169%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
January 27th - European car sales are projected to grow for the third consecutive year in 2025, driven by consumers opting for more affordable electric and hybrid models. Data released Tuesday by the European Automobile Manufacturers Association (EASA) shows that European car sales rose 7.6% in December, marking the sixth consecutive month of growth and pushing total new car registrations up 2.4% to 13.3 million units for the year. While this is good news for the automotive industry, which has been struggling with tariffs and increased competition, sales are still about 15% lower than pre-pandemic levels. The overall growth was partly driven by a rebound in electric vehicle sales last year. Data shows that pure electric vehicle registrations surged 30%, accounting for about one-fifth of the overall market share. In the first half of 2025, consumers were hesitant due to market turmoil and economic uncertainty caused by Trumps tariff policies, only returning to the market in the second half as registrations continued to recover. Analyst Gillian Davis predicts that European car sales may climb again this year, thanks to a new round of subsidies and the launch of several new-generation models.January 27th - According to the Financial Times, sources revealed that the Trump administration has indicated to Ukraine that its security guarantees will be contingent on Ukraine first agreeing to a peace agreement, which could potentially involve ceding the Donbas region to Russia. Two sources stated that the US has also hinted that if Ukraine agrees to withdraw its troops from the eastern regions it controls (as a price for peace with Russia), the US will commit to providing Ukraine with more weapons to bolster its peacetime military capabilities. Ukrainian President Zelenskyy had hoped to sign a document with the US as early as this month regarding security guarantees and a post-war "prosperity plan," giving Kyiv leverage in future negotiations with Moscow. However, the current US signals indicate that its security commitments depend on a compromise with Russia. Ukrainian and European officials believe this US stance is an attempt to coerce Kyiv into accepting painful territorial concessions demanded by Moscow in any agreement.According to the Financial Times, British politicians are calling for a competition review of Netflixs (NFLX.O) acquisition of Warner Bros.The Russian Ministry of Defense stated that since the beginning of January, troops have captured 17 settlements in Ukraine.According to the Financial Times, the United States is linking security guarantees in Ukraine to a peace agreement that would cede territory.

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.

Suggestion