EUR/USD 1.15942
-0.146%
Gold 4336.24
0.458%
Oil 96.003
-4.500%
USD/JPY 153.945
-0.304%
GBP/USD 1.35148
0.030%
GBP/JPY 208.058
-0.277%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Salesforce (CRM.N) expands Agentforce with a new series of AI agents.Futures Market Summary | Friday, September 11th, CCTV News Highlights: 1. Implementing global development initiatives to gather strength for development and revitalization. 2. Li Qiang chaired an executive meeting of the State Council: further improving computing infrastructure, strengthening the monitoring and scheduling of computing resources, and constructing backbone fiber optic networks. 3. Li Qiang signed a State Council decree promulgating the "Regulations on Market Supervision and Management Offices". 4. Zhao Leji held talks with the Speaker of the National Assembly of Angola. 5. Wang Huning met with the Speaker of the National Assembly of Angola. 6. Ding Xuexiang attended and addressed the opening ceremony of the 16th APEC Energy Ministers Meeting. 7. A special briefing session on "The Story of the Communist Party of China—The Practice of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era in Shaanxi" was held. 8. The index rebounded month-on-month, and e-commerce logistics vitality improved. 9. my country officially implemented the data property rights registration system. 10. The 26th China International Fair for Investment and Trade achieved fruitful results. 11. Requirements for cost accounting of important industrial products were clarified to rectify disorderly competition at low prices. 12. my country has built more than 5,600 green mines at the provincial level or above. 13. Overseas anti-monopoly compliance service platform officially launched. 14. The Xiongan Digital Trade Innovation and Development Conference of the 2026 China International Fair for Trade in Services (CIFTIS) opened. 15. Pooling efforts to promote high-quality development of BRICS cooperation—international figures eagerly anticipate President Xi Jinpings attendance at the 18th BRICS Summit. 16. Houthi rebels in Yemen seize strategic location in the Red Sea. 17. Iran claims to have destroyed a US drone; the US denies damage to its fighter jet. 18. Israeli forces use large quantities of explosives to destroy underground facilities in southern Lebanon. 19. The torch for Africas first Olympic Games departs from Athens.The Indian Ministry of External Affairs announced that Modi will visit Russia.Ukrainian President Zelensky: Russias upgraded attacks using the Shahed drone are becoming increasingly terrifying. Today, the Russians deliberately attacked a gas station in Kyiv.September 11 - Shipping data released by industry sources on Friday showed that Russian seaborne grain exports fell 61.9% year-on-year in August to 2 million metric tons, mainly due to a decline in shipments via the Azov-Black Sea basin. In recent weeks, Russia and Ukraine have significantly escalated attacks on each others shipping routes. Following a drone attack, Russian authorities suspended navigation in the Sea of Azov in early July, and an attack on August 12 brought loading operations to a halt at a key terminal in Novorossiysk, Russias largest Black Sea port. As a result, seaborne grain exports for the first two months of the 2026/27 marketing year fell by nearly half to 4.2 million metric tons from 8 million metric tons in July-August of the previous quarter. Data showed that exports via Azov and Black Sea ports fell 73.1% year-on-year to 1.3 million metric tons in August. Russian grain exporters are seeking alternative routes, including Baltic ports, but capacity at terminals in northwestern Russia remains limited. Data showed that grain exports via the Baltic Basin increased to only 276,300 metric tons in August.

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