• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Freddie Mac: As of August 21, the average rate on a 30-year fixed-rate mortgage was 6.58%.Germanys DAX30 index closed up 13.51 points, or 0.06%, at 24,290.61 points on Thursday, August 21; Britains FTSE 100 index closed up 20.71 points, or 0.22%, at 9,308.85 points on Thursday, August 21; Frances CAC40 index closed down 34.74 points, or 0.44%, at 7,938.29 points on Thursday, August 21; The STOXX 50 index closed down 11.47 points, or 0.21%, at 5460.85 points on Thursday, August 21; the Spanish IBEX 35 index closed up 2.40 points, or 0.02%, at 15297.50 points on Thursday, August 21; and the Italian FTSE MIB index closed up 130.19 points, or 0.30%, at 42995.00 points on Thursday, August 21.On August 21, Apple (AAPL.O) raised the monthly subscription price of its streaming platform Apple TV+ by 30% to $13, as part of its strategy to expand service business revenue. The price adjustment took effect on Thursday for new subscribers in the United States and some international markets. The annual fee remains at $99, and the company has not adjusted the price of the Apple One service bundle. Apple is following other streaming peers in steadily raising prices, but unlike Netflix, Disney+ and HBO Max, Apple TV+ only offers a single subscription plan. Since its launch in 2019, Apple TV+ has lagged behind these competitors in terms of user numbers, but its original content has continued to receive rave reviews. The service business has been a highlight for Apple in recent years, with revenue from the business growing 13% to $27.4 billion last quarter.Chinese stocks of new energy vehicles surged, with Xpeng Motors (XPEV.N) rising more than 13% and NIO (NIO.N) rising more than 10%.White House trade advisor Navarro concluded his speech.

Gold Price Prediction: XAU/USD falls to roughly $1,810 despite a weakening US Dollar during the holiday week

Daniel Rogers

Dec 28, 2022 10:42

截屏2022-05-27 下午2.51.53.png

 

After failing to sustain above the crucial resistance of $1,830.00 on Tuesday, the gold price (XAU/USD) is falling at a steady clip in the Asian session. The precious metal had a furious swing but was unable to maintain control as the US Dollar Index (DXY) defended the downside and recaptured the 104.00 barrier. The price of gold has decreased to approximately $1,810.00 per ounce and is volatile despite decreased trading volume due to the holiday season.

 

In the meantime, the risk profile has changed as S&P500 market participants have shown a desire to sell. S&P500 futures have maintained their poor performance and will remain on edge in the absence of a crucial catalyst. Ten-year US Treasury yields have experienced a slight selling pressure, but continue to hold at 3.85 percent.

 

The reduction in demand for US Durable Goods and the fast decline in the Personal Consumption Expenditure (PCE) Price Index have increased the likelihood that the Federal Reserve (Fed) will reduce its policy rates sooner rather than later. ING economists concur that the recession will accelerate inflation's decline, allowing the Fed to reduce interest rates before the end of CY2023.

 

After a failed breakout attempt, the Gold price has reversed into the ascending triangle pattern on a four-hour scale. The horizontal resistance of the aforementioned chart pattern is drawn from the high on December 13 of about $1,824.55, while the upward trendline is drawn from the low on November 28 of $1,738.73.

 

At $1,807.00, the gold price is still above the 20-period Exponential Moving Average (EMA), indicating that the uptrend is robust. In the meantime, the Relative Strength Index (RSI) (14) has failed to persist above 60.00 and has dipped into the area of 40.00-60.00, indicating an impending consolidation.