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On April 9th, it was reported that in response to the problems of false advertising, exaggeration, using efficacy claims as proof, and promoting cure rates and effectiveness in medical advertisements on radio and television, which harmed the rights and interests of the people, the State Administration of Radio and Television launched a nationwide centralized rectification campaign in August 2025. Working with provincial-level radio and television administrative departments, a special work plan was formulated, and measures such as handling complaints, monitoring and investigation, analysis and identification, and urging rectification were adopted to increase the intensity of handling and strengthen collaborative governance, ensuring that illegal advertisements are promptly detected, accurately identified, and effectively dealt with. As of the end of March this year, all false medical advertisements have been completely removed from television channels nationwide.Germanys seasonally adjusted industrial production fell 0.3% month-on-month in February, compared with a forecast of 0.7% and a previous reading of -0.50%.Germanys seasonally adjusted exports rose 3.6% month-on-month in February, below the expected 1.00% and the previous figure revised from -2.30% to -1.50%.Germanys seasonally adjusted trade balance for February was €19.8 billion, below the expected €18.5 billion and the previous figure revised from €21.2 billion to €21.4 billion.Germanys seasonally adjusted imports rose 4.7% month-on-month in February, below the expected 4% and the previous figure revised from -5.90% to -6.00%.

Forecast for Gold Price: XAU/USD consolidates above $2,000 as investors await initial US S&P PMI data

Daniel Rogers

Apr 21, 2023 13:52

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During the Asian session, the price of gold (XAU / USD) is oscillating above the psychological resistance of $2,000.00. After a gradual increase, the price of gold has leveled off near $2,005.00 as investors await the release of preliminary S&P PMI data for the United States.

 

S&P500 futures have added some gains during the Asian session following three consecutive declines. As a result of Elon Musk's price-cutting frenzy, Tesla's revenue projections were gloomy, which dampened market sentiment. Near 101.77, the US Dollar Index (DXY) has extended its correction. The USD Index has been consolidating in a range between 100.90 and 102.03 for the past several trading sessions. Therefore, a move that exceeds the previously specified limit will be considered decisive.

 

The subdued USD index weighs on US Treasury yields as well. The demand for U.S. government bonds has increased as weekly unemployment claims have increased. The number of individuals claiming unemployment benefits rose to 245K, exceeding the consensus estimate of 240K. This indicated a softening in the labor market and bolstered expectations that the Federal Reserve (Fed) will not raise interest rates after the monetary policy meeting in May.

 

In the future, the publication of the preliminary US S&P PMI data will determine the impact of the Fed's rate hikes on the scope of economic activity. According to projections, the Manufacturing PMI and Services PMI will decline to 49.0 and 51.5, respectively. A preliminary PMI reading that is weaker than anticipated could impact heavily on the U.S. dollar.