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According to Brazilian media outlet Folha, Brazils antitrust regulator CADE has launched an investigation into Apples (AAPL.O) contactless payment functionality on its iOS system.On March 19, local time, Iran launched the 63rd round of Operation True Commitment-4 in the early hours of the morning. The Iranian Islamic Revolutionary Guard Corps issued an emergency statement announcing a large-scale missile attack on US-related oil and energy facilities in the region. This operation was a direct and reciprocal retaliation for the earlier attacks on Iranian energy infrastructure on March 18. The statement indicated that the retaliatory action aimed to target energy facilities "with US interests and US ownership." The statement emphasized that Iran originally did not want the war to escalate to the energy sector, nor did it wish to affect the economies of neighboring countries, but the enemys provocations have led the war into a "new phase." The statement confirmed that the Iranian armed forces have carried out multiple rounds of strikes to ensure that the damage suffered by the enemy is on par with the damage to Iranian infrastructure. The statement also warned that if the attacks continue, Iran will expand the scope of its strikes to all energy infrastructure of US and Israeli allies, until it is "completely destroyed."PetroReconcavo, Brazils oil company, estimates its proven oil reserves at 80.1 million barrels by the end of 2025.Security sources say Iraqi air defense forces intercepted and shot down a drone that was approaching Baghdad airport.According to The Information, a spokesperson for Meta Platforms (META.O) confirmed the security incident, stating that no user data was improperly handled. The incident was classified as a Sev 1 security incident, with data exposed over a period of nearly two hours.

Gold Price Prediction: XAU/USD expects demand to exceed $1,810 amidst a risk-recovery

Alina Haynes

Dec 30, 2022 11:26

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After a corrective dip to about $1,810.00 in the Asian session, the gold price (XAU/USD) has gained demand. The precious gold retraced after touching the $1,820.00 resistance level, but it is anticipated to resume its ascent as the risk aversion theme has diminished.

 

A strong rebound in the S&P 500 on Thursday, following a two-day decline, erased the market's risk-averse disposition. As value-buying arose, investors jumped in to provide support for United States shares. Meanwhile, a drop in the desirability of safe-haven assets led to a decline in the US Dollar Index. The USD Index fell close to 103.50, which has been a crucial support level this week. A substantial improvement in market mood reversed the four-day decline in US Treasury bonds.

 

After a surge in the number of weekly jobless claims, the U.S. dollar experienced intense pressure. The number of first-time claimants increased to 225K for the week ending December 23. This exemplified a slowing in the employment process among businesses brought on by rising interest rates.

 

Early Thursday morning in Asia, Reuters released a White House statement stating that President Joe Biden had signed a $1.66 trillion package to fund the United States government for fiscal year 2023. Reuters also reported that Congress passed the law last week and that Biden recently signed it while on vacation on the Caribbean island of St. Croix. New economic stimulus in the United States could contribute to a future decline in the US Dollar Index.

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