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June 16 – The United States will celebrate its 250th anniversary next month, but a Reuters/Ipsos poll shows that nearly two-fifths of Americans believe the country cannot continue for another 250 years. The four-day survey concluded on Monday. The poll showed that 38% of respondents (including 40% of Democrats and 26% of Republicans) believe the United States will not continue as a unified nation in 250 years. Two-thirds of respondents (including 85% of Democrats and 50% of Republicans) said they agree with the statement that "American democracy is at risk of failure," up from 57% in a survey conducted last August. The percentage of Americans who believe the United States is the best country in the world is declining. 30% of respondents believe the United States is the greatest country in the world, down from 38% in a November 2017 survey during Trumps first term. A majority of Americans (including three-quarters of Democrats and half of Republicans) believe that the celebrations of the 250th anniversary of the founding of the United States have become too politicized.Citigroup: A de-escalation of the conflict between the United States and Iran should accelerate the growth of liquefied natural gas exports from Qatar and the United Arab Emirates.Statoil: Targets to achieve daily production of 2.3 million barrels of oil equivalent by 2030.US President Trump: Russia should make a deal. Russia has lost a lot of people, and so has Ukraine.A Reuters/Ipsos poll shows that 38% of Americans believe the United States will no longer exist as a unified nation in 250 years, while 62% believe it will continue to exist.

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

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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%.

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