EUR/USD 1.17268
0.243%
Gold 4759.54
-0.124%
Oil 90.663
-1.384%
USD/JPY 159.298
0.203%
GBP/USD 1.34677
0.244%
GBP/JPY 214.543
0.466%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 11, news circulated that JD.com was testing a new project called "Open Start" in collaboration with DeepBlue Auto, which was suspected to be related to launching a ride-hailing service. In response, JD Auto stated that it is not involved in a ride-hailing business and that "the new project will launch on April 13."On April 11, at the 2026 Intelligent Electric Vehicle Development High-Level Forum, Li Qiang, Vice President of the Public Cloud Business Unit and General Manager of AI Automotive Industry at Alibaba Cloud Intelligence Group, revealed that more than 30 automakers and intelligent driving solution providers are currently conducting intelligent driving research and development on Alibaba Cloud. The actual use of Pingtouges self-developed "Zhenwu" PPU has exceeded 100,000 calories, setting a record for the largest scale of self-developed AI chips used on a public cloud platform in the automotive industry.According to Lighthouse Pro, as of April 11, the total box office revenue (including pre-sales) for April 2026 exceeded 500 million yuan.April 11 – The China (Inner Mongolia) Pilot Free Trade Zone was officially inaugurated on the morning of April 11, bringing the total number of free trade zones in China to 23. The China (Inner Mongolia) Pilot Free Trade Zone covers an area of 119.74 square kilometers, encompassing three areas: Hohhot Area (76.28 square kilometers, including the Hohhot Comprehensive Bonded Zone of 0.88 square kilometers), Manzhouli Area (25.11 square kilometers, including the Manzhouli Comprehensive Bonded Zone of 1.44 square kilometers), and Erenhot Area (18.35 square kilometers).On April 11th, the High-Level Forum on the Development of Intelligent Electric Vehicles (2026) was held. Su Bo, Vice Chairman of the National Manufacturing Power Construction Strategy Advisory Committee and former Vice Minister of the Ministry of Industry and Information Technology, stated that the 15th Five-Year Plan period is crucial for my countrys transformation from a major automobile producer to a leading automobile power. New energy vehicles must shoulder the national mission of building a strong manufacturing nation, a strong science and technology nation, a strong transportation nation, and achieving the "dual-carbon" goals. By 2030, new energy vehicles will become the absolute mainstay of the automobile market, with a domestic penetration rate exceeding 70%. The goal of building a leading new energy vehicle nation is expected to be achieved ahead of schedule by the end of the 15th Five-Year Plan period.

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