EUR/USD 1.16070
-0.035%
Gold 4323.64
0.166%
Oil 99.219
-1.301%
USD/JPY 154.367
-0.031%
GBP/USD 1.35035
-0.053%
GBP/JPY 208.454
-0.087%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 11th, Deutsche Bank analyst Sammi Xu stated in a report that the new product launches of Pop Marts "Starry Man" IP may not be able to offset the impact of a high base effect. The analyst cited data from Magic Mirror e-commerce, stating that Pop Marts online sales in August fell by 40% year-on-year, a further widening of the decline from Julys 21%. Pop Marts most important new product launches in the third quarter came from the "Starry Man" IP, which was also its fastest-growing series in the first half of the year. However, this IP is unlikely to completely offset the high base effect from the launches of Labubu 3.0 and Mini Labubu in the same period last year. Continued weak sales indicate that domestic demand remains under pressure, with no clear signs of stabilization, and little evidence that recent product launches are sufficient to reverse this trend.On September 11, it was reported that, to strengthen the source governance of portable power bank products, the State Administration for Market Regulation revised and released a new version of the "Implementation Rules for Compulsory Product Certification: Portable Power Banks, Lithium-ion Batteries, and Battery Packs" on May 25. Recently, relevant certification bodies have issued the first batch of 32 3C certification certificates in accordance with the new implementation rules.Tip: US President Trump concludes his speech at the Republican National Convention.US President Trump: We control the Strait of Hormuz, which I call the "Trump Strait".US President Trump: We have taken over Venezuela’s oil – 65 billion barrels of oil.

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