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Japanese Finance Minister Satsuki Katayama: We will strengthen dialogue with bond market participants and strive to conduct appropriate debt management.Japanese Finance Minister Satsuki Katayama: Closely monitoring bond market developments.1. The three major U.S. stock indexes closed slightly lower: the Dow Jones Industrial Average fell 0.45% to 47,739.32 points, the S&P 500 fell 0.35% to 6,846.51 points, and the Nasdaq Composite fell 0.14% to 23,545.9 points. 2. The three major European stock indexes closed mixed: the German DAX rose 0.07% to 24,046.01 points, the French CAC40 fell 0.08% to 8,108.43 points, and the UK FTSE 100 fell 0.23% to 9,645.09 points. 3. US Treasury yields rose across the board. The 2-year Treasury yield rose 1.68 basis points to 3.575%, the 3-year Treasury yield rose 2.55 basis points to 3.610%, the 5-year Treasury yield rose 3.67 basis points to 3.746%, the 10-year Treasury yield rose 2.92 basis points to 4.164%, and the 30-year Treasury yield rose 1.11 basis points to 4.802%. 4. Crude oil transport has resumed at the Lukoil West Qurna 2 oil field storage facility in Russia, with prices at $58.85 per barrel; Brent crude oil futures fell 1.98% to $62.49 per barrel. 5. International precious metals futures generally closed lower. COMEX gold futures fell 0.54% to $4219.90 per ounce, and COMEX silver futures fell 0.94% to $58.50 per ounce. 6. Most London base metals fell. LME zinc rose 1.05% to $3,130.50/ton, LME copper rose 0.47% to $11,675.00/ton, LME lead fell 0.20% to $1,998.50/ton, LME nickel fell 0.37% to $14,885.00/ton, LME aluminum fell 0.38% to $2,886.50/ton, and LME tin fell 0.67% to $39,800.00/ton.US President Trump: Mexico continues to violate our comprehensive water treaty. Due to Mexicos failure to fulfill our treaty obligations, it still owes the United States more than 800,000 acre-feet of water.On December 9th, a new social media platform filed an application with the U.S. Patent and Trademark Office to cancel the "Twitter" trademark so it could take over. The company claims that Elon Musks X Inc. has abandoned these trademarks. Operation Bluebird, a Virginia-based startup, filed a petition on December 2nd seeking permission to use the words "Twitter" and "tweet" on its competing social platform "twitter.new," and has already applied to register the "Twitter" trademark. Musk acquired Twitter for $44 billion in 2022 and renamed it X. Operation Bluebird stated in its filing that X Inc. has "completely removed" the Twitter brand from its products, services, and marketing. Musk posted on the X platform in 2023 that the company would "say goodbye to the Twitter brand and gradually say goodbye to all the birds (Twitters original logo)."

Forecast for Gold Price: XAU/USD hopes to extend its advances above the 23.6% Fibo barrier level

Alina Haynes

Sep 06, 2022 15:25

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"Gold bulls are attempting their luck once more by recapturing the $1,716 barrier, which is the 23.6% Fibonacci Retracement level of the most recent slide from the peak of $1,808 on August 10." Failure to hold above the latter may strengthen selling pressures, prompting a return to Monday's low of $1,708. The next support level is expected at $1,700, below which the six-week low of $1,689 might be retested."

 

"If the rebound momentum continues, bulls will attempt the 38.2% Fib level at $1,734 on a sustained move above the daily high of $1,727 and $1,730."