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On September 18th, Denmark launched the "Green Sands" carbon capture and storage facility in the North Sea, injecting carbon dioxide into seabed reservoirs. As the first large-scale carbon dioxide storage project in the EU, the first phase of "Green Sands" is expected to store 400,000 tons of carbon dioxide annually. INEOS, the leading company in the project, stated on its website that the carbon dioxide will be stored on the seabed below the abandoned Niniwest oil field, approximately 250 kilometers off the west coast of Denmark, at a depth of about 1,800 meters below the seabed. In its first phase of commercial operation, the "Green Sands" project can store up to 400,000 tons of carbon dioxide annually. With increasing demand, the storage capacity is planned to expand to 4 to 8 million tons per year by 2030. It is understood that this carbon dioxide mainly comes from a biomethane plant in Denmark, where it is liquefied and then transported by truck to a dedicated terminal in the port of Esbjerg, from where it is shipped to sea by the EUs first dedicated carbon dioxide transport ship.Federal Reserves Schmidt: The labor market is approaching balance and economic growth is robust.Federal Reserves Schmid: Voted in favor of raising interest rates, recent data shows inflation trending above 3%. Raising rates is a step towards restoring the 2% inflation target. Current inflation is not just an energy issue; price increases are "still hot" across a wide range of goods and services.Market sources indicate that an organization linked to U.S. Health Secretary Robert F. Kennedy Jr. sold opportunities to contact U.S. officials at an event. The U.S. Department of Health and Human Services stated that officials were unaware of the sponsorship arrangements.Kremlin spokesman Dmitry Peskov denied reports that Russia planned to mobilize 300,000 troops by the end of the year.

The international gold price looks at US$1810 in the market outlook

Oct 26, 2021 11:03

On Thursday (October 14), the international gold price hovered below the high level of 1796.20, which was set overnight since September 16, and the yields of the U.S. dollar and U.S. Treasuries stopped falling and stabilized, limiting the rise of gold prices. The gold price looks at $1810 in the market outlook.

At GMT+8 13:48, spot gold fell 0.12% to US$1790.84 per ounce; the main COMEX gold contract fell 0.17% to US$1791.6 per ounce; the US dollar index rose 0.04% to 94.062.


Gold prices surged by nearly 2% overnight, the U.S. dollar index plummeted by more than 0.5%, and the 10-year U.S. Treasury yield fell for the second consecutive trading day. Therefore, the previously announced data show that the US inflation fever has exceeded expectations.

The Consumer Price Index (CPI) of the United States in September showed that inflation in the United States has steadily risen, and the prices of food, rent and a series of other commodities have all increased. This has put pressure on the Biden administration to immediately resolve the supply chain tension that is hindering economic growth. problem.

The minutes of the Fed’s September 21-22 policy meeting show that policymakers have hinted that they may start to reduce their support to the economy during the crisis in mid-November, but how big is the threat of high inflation and how quickly interest rates need to be raised to deal with it. There are still disagreements on the issues to be addressed.

The world's largest gold-backed exchange-traded fund (ETF)-SPDR Gold Trust's gold holdings dropped from 985.05 tons on Tuesday to 982.72 tons on Wednesday, a decrease of 0.2%.

On the hourly chart, the price of gold started an upward iii wave trend from US$1750 and broke the 76.4% target of US$1796. The market outlook is expected to further touch the 85.4% target of US$1801 and the 100% target of US$1810.

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