EUR/USD 1.18216
0.380%
Gold 4953.26
3.668%
Oil 63.301
0.599%
USD/JPY 157.095
0.042%
GBP/USD 1.36182
0.647%
GBP/JPY 213.938
0.708%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 8th, a closed-door seminar on policy prospects for the National Peoples Congress and the Chinese Peoples Political Consultative Conference (NPC & CPPCC) was held at the Beijing Advanced Research Institute of Jiangxi University of Finance and Economics. The seminar was chaired by CPPCC member Yin Yanlin, and Vice President Li Chungen of Jiangxi University of Finance and Economics attended and delivered a speech. Experts at the seminar suggested the following: First, fiscal policy should play a greater regulatory role this year, with the deficit ratio higher than or at least no lower than last year, increasing the scale of national debt issuance, and expanding the overall expenditure. Second, given the current high actual financing costs, a substantial overall interest rate cut should be implemented to stimulate investment and consumption, at least 50 basis points throughout the year, while better utilizing the space for reserve requirement ratio (RRR) cuts. Third, the coordination between fiscal and monetary policies should be strengthened, the role of new financial policy tools should be better utilized, and their scale should be appropriately expanded to achieve a leverage effect on investment. Fourth, to stabilize investment, boost consumption, and restore the basic conditions for effective credit issuance as soon as possible, greater efforts are needed to stabilize the real estate market.February 8th - On February 7th, the closed-door meeting of the 2026 China All-Solid-State Battery Industry-University-Research Collaborative Innovation Platform Annual Meeting was held in Beijing. The meeting brought together representatives from government, industry, academia, and research institutions to conduct in-depth discussions on the progress of all-solid-state battery R&D, common strategic assessments, and common key technical issues. Platform Chairman Ouyang Minggao pointed out that major technological changes require accumulated experience, and solid-state batteries are a major strategic direction for the next generation of battery upgrades. Currently, my countrys all-solid-state battery R&D has made significant progress, but it also faces many practical challenges. High-energy-density sulfide all-solid-state batteries still need to overcome a series of key scientific challenges at multiple levels, including key materials, interfaces, composite materials, electrodes, and cells. Looking to the future, we must remain confident, overcome difficulties, and actively strive to maintain Chinas leading position in the global lithium battery market.Ukrainian President Zelensky: Russian energy infrastructure is a legitimate target of Ukraines attacks.Ukrainian President Zelensky: Ukraine will start drone production in Germany in mid-February.Renowned tech journalist Gurman predicts the new iPhone 17e will feature the A19 chip and MagSafe charging, as well as Apples latest in-house cellular and wireless chips. Apple plans to keep the price unchanged at $599.

Gold Price Prediction: XAU / USD will continue to fluctuate above $1,900 despite a decline in US Inflation

Daniel Rogers

Mar 15, 2023 11:43

截屏2022-09-15 下午3.06.36.png

 

Gold price (XAU / USD) is not in danger despite U.S. inflation figures meeting expectations. Since Monday, the precious metal has been fluctuating continuously between $1,895 and $1,913. The release of the US Consumer Price Index (CPI) failed to produce a significant reaction in the Gold price; however, the upside bias appears to be solidified as wagers on lesser rate increases from the Federal Reserve (Fed) have increased.

 

The US Dollar Index (DXY) is protecting the critical support at 103.50, but it appears vulnerable to further losses as investors' risk appetite has dramatically increased. As market participants purchased S&P500 futures in response to higher odds of a smaller rate hike from Fed chair Jerome Powell, a likely recession in the US economy was postponed, signaling an uptick in optimism.

 

Contrary to the risk-on sentiment, demand for US Treasury bonds remained weak, causing 10-year US Treasury yields to rise above 3.68 percent.

 

The headline As anticipated, the US CPI increased by 0.4% on a monthly basis, and the annual figure decreased from 6.4% to 6.0%. In addition, the core CPI, which excludes crude and food prices, decreased to 5.5% from 5.6% previously. The Fed appears to be pleased with the persistence of a declining trend in US inflation.

 

In the future, investors will closely monitor the US Retail Sales (Feb) data. Monthly Retail Sales data is anticipated to decline by 0.3% compared to the previous release of a 3.0% increase. This indicates that the consumer spending rebound is over and the Fed is on course to achieve its inflation target of 2%.

Suggestion