EUR/USD 1.18749
0.972%
Gold 3688.13
0.255%
Oil 64.188
1.874%
USD/JPY 146.302
-0.750%
GBP/USD 1.36624
0.477%
GBP/JPY 199.888
-0.270%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 17th, sources familiar with the matter revealed that JERA, Japans largest power producer, is in advanced negotiations with interested parties to acquire natural gas production assets in the United States for approximately $1.7 billion. This marks the latest example of Japanese investment in the U.S. energy sector. Sources said JERA emerged as the top bidder for GEP Haynesville II assets after banks solicited bids in recent weeks. The company is a joint venture between Blackstone Group-backed GeoSouthern Energy and pipeline operator Williams Companies. The deal would mark JERAs first foray into shale gas production and, as one of the worlds largest buyers of liquefied natural gas (LNG), would allow it to better control the supply chain as the boom in artificial intelligence drives surging power demand from data centers.The yield on the 20-year U.S. Treasury bond fell 0.8 basis points to 4.609% after the auction.The winning rate of the U.S. 20-year Treasury bond auction on September 16 was 4.613%, compared with the previous value of 4.88%.The bid-to-cover ratio for the U.S. 20-year Treasury bond auction on September 16 was 2.74, compared with the previous value of 2.54.On September 17, Indias Ministry of Commerce and Industry said after another round of bilateral talks in Delhi on Tuesday that India and the United States have decided to intensify efforts to reach a trade agreement as soon as possible. The Indian Ministry of Commerce and Industry said in a statement: "The talks were positive and forward-looking, covering all aspects of the trade deal. The two sides decided to intensify efforts to reach a mutually beneficial trade agreement as soon as possible." The Indian Ministry of Commerce and Industry also noted that a delegation of officials from the Office of the United States Trade Representative, led by Brendan Lynch, the chief negotiator for the India-US bilateral trade agreement, visited India.

Look at $1727 under the international gold price

Oct 26, 2021 10:59

On Wednesday (October 6), international gold prices continued to fall, as the dollar’s strength and the rise in the yield of US 10-year Treasury bonds weakened the attractiveness of gold. Investors focused on US non-agricultural employment data later this week.

At 14:14 GMT+8, spot gold fell 0.37% to US$1753.79 per ounce; the main COMEX gold contract fell 0.40% to US$1753.0 per ounce; the US dollar index rose 0.15% to 94.126.


The 10-year U.S. Treasury yield hit a high of 1.571% since June 18, and the US dollar is close to 94.504, the highest point since September 28 last year recorded last week, weakening the attractiveness of gold to holders of other currencies.

David Meger, director of metal trading at High Ridge Futures, said that the dollar and U.S. bond yields have risen after a slight correction in the past few days, as well as the stock market rebound, which is driving down gold prices.

Friday (October 8) US employment data is expected to show that 470,000 new jobs will be added in September. This data is critical to the timetable for the Fed to cut its economic support.

On the daily chart, the price of gold has started a three-wave downward trend from US$1770. The support below looks to the 23.6% target of US$1744 and the 38.2% target of US$1727. Wave 3 is a sub-wave of the downward (3) wave that started at $1834. (3) Wave is a sub-wave of the downward ((Y)) wave that started from 1917 USD. The ((Y)) wave belongs to the adjusted IV wave that started at $2,075.

Suggestion