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June 7th - According to recent news from Japan, due to the deteriorating situation in the Middle East, aviation fuel prices continue to rise. All Nippon Airways (ANA) and Japan Airlines (JAL) have basically decided to significantly increase fuel surcharges for international routes booked in July and August. The one-way fuel surcharge for North American and European routes booked in May and June has already reached 56,000 yen (approximately 2,363 yuan), and is expected to increase further, potentially breaking the record and reaching 65,000 to 70,000 yen (approximately 2,743 to 2,954 yuan). The specific increase is currently being coordinated with the Ministry of Land, Infrastructure, Transport and Tourism and other departments, and will be finalized soon. It is understood that ANA and JAL have already significantly increased their international fuel surcharges for June, with an increase of over 70% compared to April and May.APK-Inform has revised its 2026 wheat production forecast for Ukraine upward to 21.7 million tons from 19.9 million tons. It has also revised its 2026 grain production forecast for Ukraine upward to 58.7 million tons from 56.9 million tons.June 7th - A new Israeli study shows that B cells with "immune memory" against tumor cells exist long-term in ovarian cancer patients. When encountering invading tumor cells again, these cells can quickly deploy targeted "defense weapons," namely, producing effective antibodies that can specifically bind to tumor cells. This discovery provides new insights for developing cancer immunotherapy and preventing cancer recurrence.According to the Financial Times, OpenAI is preparing for the biggest overhaul of ChatGPT since its launch. The company plans to transform ChatGPT into a "super app" that combines coding tools and AI agents, and add products that executives believe will generate more revenue.June 7th - Yesterday (June 6th), the worlds first prefabricated computing center base was officially put into use in Qingdao, Shandong. Compared to traditional computing centers, it saves nearly 70% of the construction time, providing a more efficient and lower-carbon solution for current computing infrastructure construction. Simply put, the computing center base is the energy hub and power fortress of the computing center, also known as the "heart" of the center, providing a continuous and stable power supply. The stability of the bases power supply and its energy efficiency directly affect the overall working capacity of the computing center.

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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