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September 21 – The Political Bureau of the CPC Central Committee held a meeting on September 21 to study major issues concerning the sustained advancement of comprehensive and strict Party governance. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting. The meeting decided that the Fifth Plenary Session of the 20th CPC Central Committee will be held in Beijing from October 26 to 29. The Political Bureau of the CPC Central Committee heard a report on the solicitation of opinions within and outside the Party on the draft of the "Decision of the CPC Central Committee on Several Major Issues Concerning the Sustained Advancement of Comprehensive and Strict Party Governance," and decided to revise the draft based on the opinions discussed at this meeting before submitting it to the Fifth Plenary Session of the 20th CPC Central Committee for deliberation.Iraqs Ministry of Oil: Iraqs oil exports reached 4 million barrels per day, with an average daily export volume of 2.6 million barrels in September.On September 21, the Guangdong Provincial Bureau of Statistics released a brief overview of Guangdongs economic performance from January to August 2026. From January to August, the added value of industrial enterprises above designated size in the province increased by 6.1% year-on-year, 0.4 percentage points faster than the growth rate from January to July; in August, the added value of industrial enterprises above designated size increased by 6.9% year-on-year, 1.0 percentage point faster than the previous month.September 21 - The State Council Information Office will hold a press conference entitled "Striving Individuals on the New Journey" at the Beijing Centralized Photovoltaic Project and Wasteland Management Demonstration Base on the afternoon of September 24, 2026 (Thursday). Representatives from the energy sector will meet and exchange views with Chinese and foreign journalists on "Promoting Green Energy Transition and Supply Security".Pakistan has held talks with Iran to secure the safe passage of another shipment of liquefied natural gas (LNG) through the Strait of Hormuz, offering some respite to the South Asian nation struggling with energy shortages. Ship tracking data shows the tanker loaded LNG at Qatars Ras Raffan facility in late June and transited the strait over the weekend; signals now indicate it will arrive at Pakistans import facility on Tuesday. Sources say the passage is the result of negotiations between government officials and will mark the second such delivery of Qatari LNG this month. Pakistan had previously considered tendering for the shipment if it could not pass through the Strait of Hormuz. However, a successful delivery is preferable for the government, which wants to avoid purchasing more expensive cargoes from the spot market.

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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