EUR/USD 1.18782
-0.137%
Gold 5086.31
1.215%
Oil 64.460
0.672%
USD/JPY 152.756
-1.055%
GBP/USD 1.36368
-0.035%
GBP/JPY 208.313
-1.082%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US President Trump: Apart from my firm insistence that negotiations with Iran continue to see if an agreement can be reached, no decisions were made in the meeting with Netanyahu.On February 12, the Bank of Canada stated that recent U.S. actions regarding trade, foreign policy, and central bank independence are making the world "more volatile" and exacerbating uncertainty. In January 2026, the bank maintained its interest rate at 2.25% for the second consecutive time, with officials citing increased uncertainty as making it difficult for policymakers to determine whether to raise or lower rates next. The meeting minutes reiterated that "it is difficult to predict the timing and direction of the next policy rate change." The Governing Council explicitly identified Canadas southern neighbor as the most serious source of instability, although the minutes did not directly name Trump. The minutes cited examples of the Trump administrations international and trade policies as sources of instability, and for the first time included Trumps attacks on the Federal Reserve in internal central bank discussions. The minutes stated that "recent geopolitical events—including in Venezuela, Iran, and Greenland, and threats to the independence of the Federal Reserve—have made the world more volatile," and that "U.S. trade policy is increasingly being used for geopolitical purposes rather than economic purposes, and therefore becoming more unpredictable."February 12th - Sources indicate that the Federal Reserve has signaled to the banking industry its intention to drop some of the corrective action warnings previously issued to certain institutions. This move comes as Vice Chairman Bowman continues to ease regulations on U.S. financial institutions. Earlier this month, Fed officials informed banks that reviewers would begin assessing pending warnings. These warnings, essentially private corrective orders, require banks to fix operational deficiencies. Sources say that warnings will be withdrawn if they do not align with recent Fed directives (that reviewers should focus more on immediate risks to a banks financial health than on process and procedure issues). The Feds action targets so-called "issues of concern" and "issues of immediate concern," the latter typically requiring swift action. These directives can arise from various aspects of a banks operations, including financial health, cybersecurity preparedness, or executive succession planning. Sources say the Fed will still issue directives during routine inspections, but the trigger thresholds will be raised.According to Futures News on February 12, as of the close of trading at 2:30 PM, the main Shanghai Gold futures contract rose 0.44%, the main Shanghai Silver futures contract rose 2.27%, and the main SC crude oil futures contract rose 0.82%.February 12th - As of 2:30 PM closing, the Shanghai Gold futures contract rose 0.44% to 1131 yuan/gram, the Shanghai Silver futures contract rose 2.27% to 20965 yuan/kilogram, and the SC crude oil futures contract rose 0.82% to 480 yuan/barrel.

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

Daniel Rogers

Sep 13, 2022 10:57

 124.png

 

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.

Suggestion