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A journalist from Iranian state television stationed in Islamabad confirmed that the United States has agreed to unfreeze Iranian funds.According to the official measurement of the China Earthquake Networks Center, a 3.3-magnitude earthquake occurred in Zizhong County, Neijiang City, Sichuan Province (29.66 degrees north latitude, 104.86 degrees east longitude) at 20:31 on April 11, with a focal depth of 11 kilometers.April 11 - Pakistani sources revealed on the 11th that trilateral talks between Iran, the United States, and Pakistan have begun in Islamabad.April 11 - According to US media reports, delegations from the United States and Iran held talks in Islamabad, the capital of Pakistan, on the 11th. When interviewed by US media that day, President Trump was asked if the US-Iran talks had begun. Trump replied, "Yes." When asked if Iran was engaged in serious negotiations, Trump replied, "Ill let you know in a very short time, not too long."On April 11th, Haidilao issued a statement regarding the incident of a Haidilao employee being forced to buy gifts at their own expense due to a customer complaint. The statement reads as follows: At 9:57 AM on April 7th, we received an internal complaint from the employee. We contacted the employee at 2:18 PM that same day and simultaneously forwarded the complaint to the regional office for verification and processing. From April 8th to 9th, the company investigated the employees complaint and confirmed on the 9th that the employees account was largely true. On April 10th, the company discussed compensation with the employee. We solemnly promise to compensate the employee in accordance with the law and to express our sincere apologies in person or through other channels according to the employees wishes. Due to concerns about similar situations in other stores, at 10:00 AM on April 10th, we notified over 1,000 stores to conduct internal investigations. These investigations are ongoing, and we will handle any similar cases appropriately in accordance with the law.

Gold Price Prediction: XAU/USD falls to $1960 as USD recovers in advance of Core PCE Price Index

Daniel Rogers

Mar 29, 2023 14:23

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After failing to hold above $1,970.00 during the Asian session, the gold price (XAU/USD) has declined. As concerns of a U.S. banking crisis have diminished significantly, the allure of the precious metal has decreased. As the US Dollar Index (DXY) has shown a recovery move, it is expected that the Gold price will continue to correct.

 

The USD Index has recovered after establishing a cushion around 102.40. The USD Index has extended its recovery to near 102.60 as investors transfer their attention to Friday's core Personal Consumption Expenditures (PCE) Price Index data.

 

The Federal Reserve's (Fed) preferred inflation gauge is anticipated to increase by 0.4%, which is less than the previous increase of 0.6%. The annual rate is anticipated to remain unchanged at 4.7%. A deceleration in the rate of consumer spending on essential products will further diminish the likelihood of another rate rise by the Federal Reserve. The likelihood of a decline in consumer expenditure has increased as the labor cost index has remained lower than anticipated. In addition, after the failure of three mid-sized institutions, US banks have tightened credit conditions for individuals and businesses.

 

In the meantime, S&P500 futures posted stronger gains during the Asian session following a rangebound auction on Tuesday. US stocks have been supported by expectations that the Federal Reserve (Fed) will maintain constant interest rates in the future.

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