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On September 19th, the 2026 New Cornerstone 50² Forum, hosted by Tencents Sustainable Social Value (SSV) Business Unit, the New Cornerstone Science Foundation, and Southern University of Science and Technology, was held in Shenzhen. Xi Dan, Senior Vice President and Chief Talent Officer of Tencent, stated at the forum that Tencents commitment to supporting basic scientific research remains unchanged, a long-term commitment that transcends commercial boundaries. Xi Dan believes that todays scientific research is exploring the boundaries of human cognition, far exceeding single disciplines. The interdisciplinary integration and the impact of artificial intelligence on scientific research are becoming sources of technological innovation.September 19th - According to RIA Novosti, Russian Deputy Foreign Minister Sergei Ryabkov stated on Saturday that Russia is unaware of the possibility that the United States might wish to sign an agreement with Moscow before the end of the conflict in Ukraine. The New York Times reported this week, citing two sources close to the peace negotiations, that the White House is currently considering signing a commercial agreement with Russia before Russia ceases its military operations in Ukraine. "I dont understand this kind of signal. It would be strange to receive such a signal, because what we are hearing so far is still the completely opposite position, namely, Lets reach an agreement on Ukraine first, then move on, and talk about everything else later. As they say, everything else will follow. This also applies to economic matters, including economic projects."According to RIA Novosti, Russia stated that it is unaware of any signals from the United States regarding the possibility of signing an agreement with Russia before the end of the conflict in Ukraine.The Polish military stated that ground-based air defense systems and radar reconnaissance have resumed normal operational activities. No violations of Polish airspace have been recorded.On September 19, the European Union issued a statement expressing regret over the United States decision to deny visas to members of the Palestinian delegation for the second consecutive year, preventing them from attending the 81st session of the United Nations General Assembly in New York. The EU urged the US to reconsider its decision, given the existing headquarters agreement between the US and the UN and the obligations the US has as the host country.

Gold Price Prediction: XAU/USD oscillates about $1,650 as DXY recovers recent losses

Alina Haynes

Oct 25, 2022 15:24

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Gold price (XAU/USD) is indecisive while rebounding from intraday lows to $1,650 ahead of Tuesday's European session.

 

Nevertheless, the yellow metal attracted purchasers earlier in the day due to a weaker U.S. dollar, but the currency's recent resurgence looks to have weighed on the price recently. It should be mentioned that unfavorable concerns regarding China, one of the world's largest gold consumers, have recently posed a threat to the pricing of precious metals.

 

In the absence of Fed-speak, the US Dollar Index (DXY) gains bids to reclaim the 112.00 mark while trimming its first weekly loss in three weeks. It should be emphasized that the Fed's aggressive rhetoric and weak US PMIs also support the DXY's safe-haven appeal.

 

China's efforts to protect its struggling economy and worldwide pessimism regarding Xi Jinping's third term, not to mention Hang Seng's decline to a 13-year low, impose downward pressure on market mood and the XAU/USD exchange rate.

 

US 10-year Treasury rates continue under pressure around 4.21 percent, down two basis points (bps), while US stock futures and Asia-Pacific markets are moderately bid.

 

Moving forward, second-tier US Housing data and Consumer Confidence indicators may delight gold speculators before Thursday's third-quarter US Gross Domestic Product report (Q3).

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