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A journalist from Iranian state television stationed in Islamabad confirmed that the United States has agreed to unfreeze Iranian funds.According to the official measurement of the China Earthquake Networks Center, a 3.3-magnitude earthquake occurred in Zizhong County, Neijiang City, Sichuan Province (29.66 degrees north latitude, 104.86 degrees east longitude) at 20:31 on April 11, with a focal depth of 11 kilometers.April 11 - Pakistani sources revealed on the 11th that trilateral talks between Iran, the United States, and Pakistan have begun in Islamabad.April 11 - According to US media reports, delegations from the United States and Iran held talks in Islamabad, the capital of Pakistan, on the 11th. When interviewed by US media that day, President Trump was asked if the US-Iran talks had begun. Trump replied, "Yes." When asked if Iran was engaged in serious negotiations, Trump replied, "Ill let you know in a very short time, not too long."On April 11th, Haidilao issued a statement regarding the incident of a Haidilao employee being forced to buy gifts at their own expense due to a customer complaint. The statement reads as follows: At 9:57 AM on April 7th, we received an internal complaint from the employee. We contacted the employee at 2:18 PM that same day and simultaneously forwarded the complaint to the regional office for verification and processing. From April 8th to 9th, the company investigated the employees complaint and confirmed on the 9th that the employees account was largely true. On April 10th, the company discussed compensation with the employee. We solemnly promise to compensate the employee in accordance with the law and to express our sincere apologies in person or through other channels according to the employees wishes. Due to concerns about similar situations in other stores, at 10:00 AM on April 10th, we notified over 1,000 stores to conduct internal investigations. These investigations are ongoing, and we will handle any similar cases appropriately in accordance with the law.

Gold Price Prediction: XAU/USD nears $1,980 as USD Index extends losses in response to the Fed's dovish guidance

Daniel Rogers

Mar 23, 2023 14:48

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In the Asian session, the gold price (XAU / USD) is gaining strength to surpass the immediate resistance of $1,980.00. As the US Dollar Index (DXY) resumed its decline and fears of a US banking crisis revived, demand for the precious metal increased.

 

As the Federal Reserve (Fed) has come extremely close to the terminal rate, which would be restrictive enough to bring down U.S. inflation to 2%, the USD Index is seeking to retest its six-month low below 102.000. Fed Chair Jerome Powell stated in his commentary that "additional policy tightening may be necessary."

 

Investors should be aware of the fact that the US banking crisis has bolstered the status of gold as a safe-haven asset. However, US Treasury Secretary Janet Yellen's reassurance of the safety of all bank deposits quelled concerns of a banking crisis.

 

As of Wednesday, when US Yellen stated that the government "is not considering insuring all uninsured bank deposits," the situation appears to have changed. This has also increased demand for United States government bonds. Yields on 10-year U.S. Treasuries have decreased to near 3.45%.

 

In the meantime, S&P500 futures have rebounded strongly after a steep decline on Wednesday, indicating an improvement in risk appetite. Nonetheless, caution still prevails as US banks' strict credit conditions will have a long-term impact. According to the Fed's commentary, the US banking system is solid and resilient, but US banks will be more cautious in their lending to households and businesses.


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