EUR/USD 1.16381
0.266%
Gold 4190.37
1.164%
Oil 58.180
-0.029%
USD/JPY 151.373
-0.283%
GBP/USD 1.33552
0.269%
GBP/JPY 202.167
0.000%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 15, relevant data showed that the growth rate of M1 has rebounded significantly in recent months, and the M1-M2 gap has narrowed significantly since the beginning of this year, reflecting positive signals such as the increase in corporate production and operation activity and the recovery of personal investment and consumption demand.On October 15th, Michiel Tukker, senior European interest rate strategist at ING Bank, stated in a report that despite the recent decline in US Treasury yields, ING Bank still maintains its view that Eurozone yields should remain at current levels, or even rise slightly. He pointed out that German government bonds have outperformed interest rate swaps in the past few days, reflecting the markets demand for safe assets. "As one of the few safe-haven assets that still holds a AAA rating, German government bonds are expected to perform strongly if market risk sentiment deteriorates significantly." However, Tukker added that if US Treasury yields fall sharply, "it will undoubtedly force German government bonds and swap rates to test lower levels."Russias Defense Ministry said Russian forces attacked Ukrainian energy infrastructure facilities overnight.Russias Ministry of Defense said Russian troops have captured the Oleksiyivka settlement in Ukraines Dnipropetrovsk region.Central Bank: At the end of September, the balance of broad money (M2) was 335.38 trillion yuan, an increase of 8.4% year-on-year. The balance of narrow money (M1) was 113.15 trillion yuan, a year-on-year increase of 7.2%. The balance of currency in circulation (M0) was 13.58 trillion yuan, an increase of 11.5% year-on-year. Net cash injection in the first three quarters was 761.9 billion yuan.

Gold Price Prediction: XAU/USD expects demand to exceed $1,810 amidst a risk-recovery

Alina Haynes

Dec 30, 2022 11:26

 截屏2022-12-29 下午4.57.32_1024x576.png

 

After a corrective dip to about $1,810.00 in the Asian session, the gold price (XAU/USD) has gained demand. The precious gold retraced after touching the $1,820.00 resistance level, but it is anticipated to resume its ascent as the risk aversion theme has diminished.

 

A strong rebound in the S&P 500 on Thursday, following a two-day decline, erased the market's risk-averse disposition. As value-buying arose, investors jumped in to provide support for United States shares. Meanwhile, a drop in the desirability of safe-haven assets led to a decline in the US Dollar Index. The USD Index fell close to 103.50, which has been a crucial support level this week. A substantial improvement in market mood reversed the four-day decline in US Treasury bonds.

 

After a surge in the number of weekly jobless claims, the U.S. dollar experienced intense pressure. The number of first-time claimants increased to 225K for the week ending December 23. This exemplified a slowing in the employment process among businesses brought on by rising interest rates.

 

Early Thursday morning in Asia, Reuters released a White House statement stating that President Joe Biden had signed a $1.66 trillion package to fund the United States government for fiscal year 2023. Reuters also reported that Congress passed the law last week and that Biden recently signed it while on vacation on the Caribbean island of St. Croix. New economic stimulus in the United States could contribute to a future decline in the US Dollar Index.

Suggestion