EUR/USD 1.14041
-0.151%
Gold 3983.00
-0.610%
Oil 69.647
-0.349%
USD/JPY 162.714
0.094%
GBP/USD 1.32370
-0.173%
GBP/JPY 215.389
-0.078%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Decision Desk HQ predicts that Melat Kiros will defeat incumbent Representative Diana DeGette to win the Democratic primary in Colorado’s 1st Congressional District.On July 1st, the "Implementation Plan of Guangzhou Municipality for Strengthening and Optimizing the Tax Refund Policy for Outbound Tourists" was released for public comment. The plan includes increasing the coverage of tax refund shops. It encourages more qualified shops to register as tax refund shops, continuously optimizing spatial layout. Building on full coverage in all 11 districts, it will continue to promote the addition of tax refund shops in various key inbound consumption venues, focusing on expanding to key commercial districts, scenic spots, markets, and ports with high concentrations of overseas tourists, as well as shops with distinctive local characteristics, high-quality brands, time-honored enterprises, tourist attraction shops, souvenir shops in cultural and museum sites, shopping shops in theme parks, and shops around international sports stadiums. A one-time reward will be given based on tiers for shops that issue 50 or more single applications for tax refunds or "instant refund" within each six-month period.Li Auto: Delivered 30,895 new vehicles in June. As of June 30, 2026, cumulative deliveries reached 1,733,687 vehicles. As of June, cumulative production of the Li i6 exceeded 150,000 units. The all-new Li L6 is expected to launch in July 2026.Li Auto delivered 30,895 vehicles in June.July 1st - The 62-day national railway summer transport season started today (July 1st) and will end on August 31st. During the summer transport season, the national railway is expected to transport 1.01 billion passengers, with an average daily passenger volume of 16.29 million.

Gold Price Prediction: XAU/USD oscillates about $1,650 as DXY recovers recent losses

Alina Haynes

Oct 25, 2022 15:24

 截屏2022-09-23 下午2.30.52.png

 

Gold price (XAU/USD) is indecisive while rebounding from intraday lows to $1,650 ahead of Tuesday's European session.

 

Nevertheless, the yellow metal attracted purchasers earlier in the day due to a weaker U.S. dollar, but the currency's recent resurgence looks to have weighed on the price recently. It should be mentioned that unfavorable concerns regarding China, one of the world's largest gold consumers, have recently posed a threat to the pricing of precious metals.

 

In the absence of Fed-speak, the US Dollar Index (DXY) gains bids to reclaim the 112.00 mark while trimming its first weekly loss in three weeks. It should be emphasized that the Fed's aggressive rhetoric and weak US PMIs also support the DXY's safe-haven appeal.

 

China's efforts to protect its struggling economy and worldwide pessimism regarding Xi Jinping's third term, not to mention Hang Seng's decline to a 13-year low, impose downward pressure on market mood and the XAU/USD exchange rate.

 

US 10-year Treasury rates continue under pressure around 4.21 percent, down two basis points (bps), while US stock futures and Asia-Pacific markets are moderately bid.

 

Moving forward, second-tier US Housing data and Consumer Confidence indicators may delight gold speculators before Thursday's third-quarter US Gross Domestic Product report (Q3).

Suggestion