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Google: Introducing the "Skills" feature in Chrome to save AI-generated suggestions.April 15 (Reuters) – Two U.S. government officials said on Tuesday that the Trump administration will allow a 30-day sanctions waiver for Iranian seaborne oil to expire later this week, as the U.S. currently blocks shipments from Iranian ports. The waiver, issued by the U.S. Treasury Department on March 20, allowed approximately 140 million barrels of oil to enter the global market and eased energy supply pressures during the war with Iran. U.S. Treasury Secretary Bessant stated last month that the waiver would expire on April 19. This move comes amid criticism from lawmakers of both parties for temporarily easing sanctions on Iran and Russia amid the ongoing U.S.-Israel war and the Russia-Ukraine conflict. One U.S. official said Washington has several tools at its disposal to target entities that purchase Iranian oil, including “secondary sanctions.” The source added, “Furthermore, with the reinstatement of UN sanctions on Iran and Iran’s history of attempting to cover up its illegal activities with seemingly legitimate ones, any transaction with Iran could trigger additional sanctions.”Market news: Two U.S. officials said the U.S. will allow temporary sanctions waivers targeting Iranian oil at sea to expire this week.Federal Reserve officials Paulson, Barkin, Collins, and Governor Barr will participate in a fireside chat at the Federal Reserve Boards working forum in ten minutes.Claude: Routines in Claude Code are now in research preview. A routine (including prompt words, code repository, and connectors) only needs to be configured once to run on a schedule, be triggered by API calls, or execute automatically based on events. Routines run on web infrastructure, so theres no need to keep your local computer powered on.

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

Alina Haynes

Oct 25, 2022 15:24

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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).

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