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[How does the slight correction in gold prices affect gold wealth management] Due to the decline in international gold prices and holiday promotions, domestic gold prices have fallen, and the gold market has experienced a slight "cooling down". On social platforms, "Will gold continue to fall?" has become a hot topic. "Although the gold price has fallen recently, investors are still willing to rush into the gold market. Wealth management companies such as China Merchants Bank Wealth Management, Everbright Wealth Management and Ping An Wealth Management have all launched gold-related fixed-income wealth management products." Industry insiders told reporters. It is reported that compared with wealth management products linked to gold ETFs and options, wealth management products linked to gold spot are more susceptible to fluctuations in the gold market. However, most wealth management products linked to gold have a limited proportion of gold assets, and the asset allocation of wealth management products generally has a risk hedging mechanism, so the income fluctuations of related wealth management products are smaller than the volatility of the gold market.US President Biden: Artificial intelligence has huge potential, but also huge downside risks. Artificial intelligence is the most important technological development in human history.Japans Deputy Finance Minister Masato Kanda: No comment on foreign exchange intervention actions.Japanese Vice Finance Minister Masato Kanda: Appropriate action will be taken if necessary.South Koreas unadjusted current account was US$6.9314 billion in March, compared with US$6.8583 billion in the previous month.

Despite caution, EUR/USD continues bids above 1.0250

Daniel Rogers

Aug 15, 2022 14:55

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After the US sent a delegation to Taiwan over the weekend, despite House Speaker Nancy Pelosi's contentious visit to the disputed island, which enraged Beijing, investors sought protection in government bonds and the dollar in the face of rising US-China threats.

 

Rates are also heavily influenced by the likelihood that the Fed will raise interest rates by 50 basis points (bps) in September as a result of easing US inflation pressures, with all eyes on the FOMC minutes due out on Wednesday for new information on the direction the world's most potent central bank will take its policy.

 

Despite a decline in rates and a sluggish demand for riskier assets in early Asian trades, the US dollar is holding up well. The US dollar index is trading at 105.61, unchanged from its previous close of 105.88 on Friday. Despite Wall Street's stellar performance, a substantial dollar increase was caused by stronger US Michigan Consumer Sentiment data and a dimming US inflation forecast.

 

As the European energy crisis gets worse, the gains in the common currency on the EUR side of the equation are likely to remain small. Germany is already suffering the most as a result of a decrease in Russian gas exports, which is wreaking havoc on the old continent. The Rhine's ebbing waters, which make transport along the river more challenging, could cause a recession in Germany.

 

By the end of the week, the reference level was predicted to drop below 40 centimeters in Kaub, a notorious shipping bottleneck where the Rhine flows shallow and narrow. One of the most significant goods shipped on the waterway is coal.

 

On both sides of the Atlantic, Monday's economic calendar features few noteworthy data releases. As a result, the main currency pair will continue to be influenced by the current market sentiment and dollar price action.

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