EUR/USD 1.15165
-0.111%
Gold 4514.26
3.079%
Oil 97.553
5.279%
USD/JPY 160.141
0.248%
GBP/USD 1.32713
-0.430%
GBP/JPY 212.533
-0.180%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
European Council President Costa: For the sake of security and stability in the Middle East, we continue to urge all parties to de-escalate the situation and leave room for a diplomatic solution.According to Iranian state media, Irans new Supreme Leader Mojtaba thanked the Iraqi people and religious leaders for their support of Iran in the face of "aggression."On March 29th, Fox News released a poll showing that nearly two-thirds of American voters surveyed are dissatisfied with President Trumps administration, the highest disapproval rate during his two terms. The conservative media outlets poll of 1,001 registered voters showed a 59% disapproval rate for Trump, an 8-point increase from a year ago, marking not only the highest disapproval rate since the start of his second term but also surpassing the record set during his first term; the approval rating, however, fell from 49% a year ago to 41%. The poll randomly sampled respondents from the U.S. voter registration list. Among Republican supporters, Trumps approval rating was 84%, down 8 percentage points from the same period last year, the lowest since the start of his second term. His disapproval rates among Democratic voters and independent voters reached 95% and 75%, respectively.Ukrainian President Zelensky: I have arrived in Jordan for an “important meeting”.On March 29th, amidst the global energy crisis and soaring fuel prices, Egyptian Prime Minister Madbouly announced on the 28th a series of energy-saving measures to cope with the impact. Egypt will slow down the implementation of large-scale national projects involving high gasoline and diesel consumption for at least two months, while reducing fuel rations for all government vehicles by 30%. Madbouly also stated that, except for the service and manufacturing sectors, Egypts public and private sectors will implement remote work every Sunday in April, the first working day of each week. Given Egypts heavy reliance on energy imports, the government had previously raised fuel prices and public transportation fares to cope with global energy market volatility.

XAUUSD is expected to stay under pressure due to expectations of 75 basis points from the Fed, according to ANZ

Daniel Rogers

Jul 18, 2022 12:01

截屏2022-07-15 下午5.22.28_1024x576.png 


What main factors influence the price of gold? The yellow metal will be under pressure due to tighter monetary policy and an increase in the value of the US dollar. The demand for gold as a safe haven, however, may be supported by rising geopolitical risk and worries of a global recession, according to ANZ Bank experts.

 

"US inflation reached a 41-year high of 9.1% in June, but gold's role as an anti-inflation hedge was insufficient to allay worries about greater monetary tightening by central banks. Interest rates would increase to 2.25 percent by the end of July and 3 percent by the end of September if the Fed raises rates by 75 basis points over the course of the next two meetings. A trajectory this steep will be detrimental to gold price growth. This pessimism can be countered by the deteriorating economic prospects.

 

"The 2s/10s yield curve is now more inverted, which typically signals the beginning of a recession. Rising geopolitical uncertainties and a decline in asset prices may also be supportive. Additionally, the US dollar is probably going to weaken near the end of the year, which will help gold. We anticipate that the price of gold will bottom out around $1,700.


Suggestion