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According to The Times of Israel, the Israel Defense Forces have detected a new round of ballistic missile attacks from Iran. Alarms are expected to sound in the southern region within the next few minutes.On March 27, the 23rd meeting of the Standing Committee of the 16th Beijing Municipal Peoples Congress passed the "Regulations on the Management of Unmanned Aerial Vehicles in Beijing," which will take effect on May 1, 2026. The regulations clarify that the entire administrative area of Beijing is designated as controlled airspace for unmanned aerial vehicles, and all outdoor flight activities require application. The regulations standardize the production, sale, and transportation of unmanned aerial vehicles. They explicitly prohibit the illegal production, assembly, splicing, or modification of unmanned aerial vehicles or the hacking of their systems; prohibit the sale or rental of unmanned aerial vehicles and their core components to units or individuals within the administrative area of Beijing; and prohibit the transportation or carrying of unmanned aerial vehicles and their core components into the administrative area of Beijing, except for existing unmanned aerial vehicles that have completed real-name registration and information verification, and are carried by their owners.March 27th - A recent survey of retail investors by the American Association of Individual Investors (AAII) shows a slight easing of pessimism regarding stock price performance over the next six months, with 49.8% of respondents holding a pessimistic view, down from 52.0% last week (the highest percentage since May). However, pessimism remains "exceptionally high" and has been above the historical average (31.0%) for the seventh consecutive week. Optimism about rising stock prices over the next six months rose to 32.1% from 30.4% last week (the lowest level since September of last year), remaining below the historical average of 37.5% for the sixth consecutive week. In a special question asking for opinions on the Federal Reserves decision to keep interest rates unchanged last week, nearly two-thirds of respondents (66.5%) said it was the right move, only one-seventh (14.2%) thought the Fed should have lowered rates, while 13.7% thought it should have been raised, and the remainder were unsure or had no opinion.On March 27th, at the Tencent Cloud Shanghai City Summit, Tencent Cloud and the Putuo District Peoples Government of Shanghai officially signed a strategic cooperation framework agreement. Both parties will deepen cooperation in areas such as cloud computing, artificial intelligence, and big data, focusing on Putuo Districts "1+2+3"-based modern industrial system and digital transformation goals, jointly promoting the construction of regional industrial clusters and the high-quality development of the digital economy.March 27th - In 2025, my countrys digital consumption reached 25.3 trillion yuan, a year-on-year increase of 8.7%, with digital service consumption growing by 12.5%, becoming the main engine driving digital consumption growth. E-commerce boosted offline consumption, with offline digital consumption growing by 13.8%. Going forward, the Ministry of Commerce will continue to deepen inter-departmental collaboration, focusing on optimizing supply, expanding scenarios, improving support, and standardizing the environment to promote the quality, expansion, and efficiency of digital consumption, better serving the construction of a new development pattern and contributing to high-quality development.

Forecast for the price of gold: XAU/USD tussles with $1,730 resistance before US inflation

Daniel Rogers

Sep 13, 2022 10:57

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As traders anticipate the crucial US Consumer Price Index (CPI) on Tuesday, the price of gold (XAU/USD) grinds higher above a fortnight peak after a two-day advance to $1,725 per ounce. The market's optimism and anticipated preparations for today's inflation data may be responsible for the metal's most recent increases.

 

The market's cautious optimism appears to have been supported by rumors that Ukraine is succeeding in driving the Russian troops away from some of its conflict zones, even though this also increased concerns about Russia's strong response. The expectation of additional stimulus from powerful economies like China, the US, the UK, and Europe might be on the same lines. It's important to keep in mind that a Chinese holiday and a light schedule may have contributed to the XAU/recovery USD's because Beijing's lack of political or economic problems may have supported metal prices. In addition, recent news from the Wall Street Journal (WSJ) that US gas prices have fallen for a 13th week in a row helped to relieve market pressure and encouraged a risk-taking attitude that was favorable to the gold price.

 

However, the recent easing of the headline economics and the inflation expectations seems to have pushed back the gold bears despite a light schedule, even though the policymakers from the US Federal Reserve and the European Central Bank (ECB) remain hawkish elsewhere.

 

In the midst of these maneuvers, Wall Street posted another day of profits despite rising US Treasury yields, which at the time were up five basis points (bps) to 3.36%. The US Dollar Index (DXY), which fell for a second straight day to the lowest levels in a fortnight, eventually dipped to approximately 108.30, was affected by the same factors.

 

Moving on, the US CPI for August is critical in light of the most recent easing of pricing pressure. According to the projections, the headline figure will decline to -0.1% MoM from 0.0% the previous month, while the CPI excluding food and energy is expected to hold steady at 0.3% MoM. The US dollar may continue to decline if the inflation numbers are weaker, which might support the XAU/continued USD's gain.

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