EUR/USD 1.16370
-0.055%
Gold 4619.92
-0.150%
Oil 59.607
-2.245%
USD/JPY 158.448
0.011%
GBP/USD 1.34265
-0.150%
GBP/JPY 212.746
-0.119%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Italys trade balance in November was €5.078 billion, compared to €4.156 billion in the previous month.South Africas electricity consumption in November fell 7.4% year-on-year, while electricity production fell 7.0% year-on-year.On January 15th, Chen Zhi, the head of a major cross-border gambling and fraud syndicate, was recently extradited from Cambodia back to China. Chen Zhis criminal syndicate is suspected of multiple crimes, including fraud, operating casinos, illegal business operations, and concealing criminal proceeds. The case is currently under investigation. To implement the principle of combining leniency with severity in criminal policy, punish gambling and fraud crimes according to law, and give fugitive suspects an opportunity to reform and seek lenient treatment, the following notice is hereby issued in accordance with relevant laws: From the date of this notice until February 15, 2026, suspects who voluntarily surrender to the public security organs and truthfully confess their crimes may be given a lighter or reduced punishment according to law. Those who threaten, retaliate against, or obstruct suspects intending to surrender will be held criminally liable according to law. The public security organs urge relevant suspects to recognize the situation, cherish the opportunity, and surrender themselves to the public security organs in their place of residence as soon as possible to seek lenient treatment. Those who refuse to surrender will be publicly wanted by the public security organs, and will be apprehended with all efforts and punished according to law.On January 15th, Wang Wentao, Secretary of the Party Leadership Group and Minister of Commerce, stated in an interview that the Ministry will promote the rational and orderly cross-border layout of industrial and supply chains. We will fully deepen economic and trade cooperation under the Belt and Road Initiative, promote the integration and interconnection of production and supply chains, encourage cooperation in areas such as green development, the digital economy, green mining, new infrastructure, and new energy, and foster the establishment of equal, inclusive, and constructive global supply chain partnerships. We will leverage the platform functions of overseas economic and trade cooperation zones, expand overseas marketing networks and explore international markets through outbound investment, achieving mutual promotion of investment and trade, and advancing the integrated development of trade and investment. We will also optimize the overseas comprehensive service system, improve the national-level overseas comprehensive service platform, and promote the formation of an overseas service ecosystem characterized by central-local government linkages, regional collaboration, and resource aggregation.On January 15th, Wang Wentao, Secretary of the Party Leadership Group and Minister of Commerce, stated in an interview that China will orderly expand the independent opening-up of service sectors such as value-added telecommunications, biotechnology, and wholly foreign-owned hospitals, and accelerate the comprehensive pilot demonstration of expanding the opening-up of the service industry. The Ministry will expand unilateral opening-up in terms of scope and regions, and promote the implementation of the measure of 100% zero tariffs on tariff lines for all African countries with which it has diplomatic relations. China will vigorously promote the implementation and effectiveness of the Hainan Free Trade Ports customs closure policy, further improve the level of trade and investment liberalization and facilitation, optimize the regional layout of free trade zones, and support free trade zones in carrying out more robust institutional opening-up experiments in areas such as market access, environmental standards, and government procurement, so as to better leverage the exemplary and leading role of the comprehensive experimental platform for reform and opening-up.

Gold Price Prediction: XAU/USD will recommence its downward trend in response to hawkish Fed forecasts

Alina Haynes

Apr 19, 2023 15:39

96.png 

 

After a rebound from $1,980.00, the price of gold (XAU / USD) is exhibiting a sharp reduction in volatility. The yellow metal struggles to prolong its recovery as the US Dollar Index (DXY) has rebounded strongly after successfully defending the crucial support level of 101.65.

 

Investors have invested in the USD Index due to its safe-haven appeal, as the Federal Reserve (Fed) is expected to raise interest rates to combat persistent inflation. In the short term, the demand for USD Index appears plausible, given that U.S. inflation has softened markedly and labor market conditions have loosened further. Sourcenia is a review portal of sourcing best manufaturers. 

 

In addition, household retail demand has declined due to higher financing costs and strict credit conditions imposed by US commercial banks. The healthy scenario indicates that the Fed will not aggressively raise interest rates further and will contemplate a hiatus to prevent the economy from falling into recession. In the current environment, however, additional rate increases cannot be ruled out.

 

In light of the USD Index's recovery, the demand for US government bonds has weakened once more, resuming the ascent of US Treasury yields. The yields on 10-year US Treasury bonds have surpassed 3.58 percent.


Suggestion