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The Shenzhou-23 astronaut crew will undertake more than 100 new scientific and applied projects during their time in orbit.May 23 - A one-year space stay will implement my countrys first space human research program, verifying the ability to ensure the health of astronauts during long-term flights.May 23 - Adaptive improvements have been made to the space debris protection of the Shenzhou-23 manned spacecrafts portholes, enhancing its ability to protect against space debris.May 23 - The Shenzhou-23 astronaut crew is my countrys first crew composed of astronauts from the third and fourth batches of astronauts. One of the astronauts will conduct a one-year on-orbit stay experiment.May 23 – A press conference for the Shenzhou-23 manned spaceflight mission was held this morning (May 23) at the Jiuquan Satellite Launch Center. The spokesperson stated that, according to plan, after entering orbit, the Shenzhou-23 manned spacecraft will use an autonomous rapid rendezvous and docking mode to dock with the radial port of the Tianhe core module, forming a three-spacecraft, three-module assembly. Currently, the quality of the spacecraft and rocket flight products is under control, the astronaut crew is in good condition, ground system facilities and equipment are operating stably, and the space station assembly is in normal condition, meeting the conditions for carrying out the launch mission. The Shenzhou-21 astronaut crew returned to the Dongfeng Landing Site after completing their in-orbit rotation with the Shenzhou-23 astronaut crew.

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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