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On April 21, CNN reported that on April 20 local time, US President Trump stated in a phone interview that Iran "will negotiate" and expressed confidence in the potential talks to be held in Pakistan. Trump said, "They will negotiate, and if they dont, there will be unprecedented problems." He also expressed hope that the two sides could reach a "fair agreement" and emphasized that Iran "will not have nuclear weapons." He also defended military action against Iran, saying there was "no other choice," and that the "finishing touches" would eventually be completed.April 21 – Statistics New Zealand data shows that New Zealands first-quarter CPI rose 3.1% year-on-year, the same as the increase in the fourth quarter of last year, while economists had previously expected 2.9%. The CPI rose 0.9% month-on-month, higher than the expected 0.8%. New Zealands first-quarter inflation rate unexpectedly remained above the 1% to 3% target range before rising fuel and other costs due to the Iran war were expected to push the CPI up. The Reserve Bank of New Zealand initially estimates that the inflation rate will accelerate to 4.2% in the second quarter, while local economists expect the inflation rate to be even higher and remain above the target range until 2027. Faced with the risk that inflation could become deeply entrenched in the economy, the market widely expects the Reserve Bank of New Zealand to raise interest rates sooner than previously anticipated, with investors expecting the first rate hike as early as July.1. The three major U.S. stock indexes closed slightly lower. The Dow Jones Industrial Average fell 0.01% to 49,442.56 points, the S&P 500 fell 0.24% to 7,109.14 points, and the Nasdaq Composite fell 0.26% to 24,404.39 points. 3M fell more than 2%, and Procter & Gamble fell more than 1%, leading the decline in the Dow. The Wind U.S. Tech Big Seven Index fell 0.6%, with Facebook and Tesla falling more than 2%. The Nasdaq China Golden Dragon Index fell 0.32%, Zai Lab rose more than 4%, and Hesai Technology fell nearly 6%. 2. The three major European stock indexes all closed lower. The German DAX fell 1.15% to 24,417.8 points, the French CAC40 fell 1.12% to 8,331.05 points, and the UK FTSE 100 fell 0.55% to 10,609.08 points. 3. International precious metals futures generally closed lower. COMEX gold futures fell 0.79% to $4,841.00 per ounce, and COMEX silver futures fell 2.41% to $79.87 per ounce. 4. The WTI crude oil futures contract closed up 4.0% at $85.89 per barrel; the Brent crude oil futures contract rose 3.78% to $93.8 per barrel.April 21 - According to NBC News on April 20, the United States is expected to deploy three carrier strike groups simultaneously in the Middle East in the coming days. The report states that the USS Abraham Lincoln carrier strike group is currently deployed in the Gulf of Oman, near the Strait of Hormuz, participating in maritime blockade operations; the USS Ford carrier strike group is located in the northern Red Sea; and the USS George H.W. Bush carrier strike group, which has chosen to detour around Africa, is heading north from southeast Africa and is expected to enter the Arabian Sea—this carrier may replace the USS Ford in its mission, but in the short term, the US military may have three carrier strike groups deployed simultaneously in the Middle East.On April 21, the Ministry of State Security issued a security alert. Recently, a hidden industry chain involving AI "poisoning" has been exposed, drawing widespread public attention. This behavior of maliciously contaminating AI models not only disrupts business order and affects information dissemination, but also endangers national security. While artificial intelligence empowers various industries, its security risks cannot be ignored. Promoting ethical AI governance and safeguarding data security are not only industry responsibilities but also require the participation of the entire society.

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%.