• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The destroyer "Kang Gon" has officially entered service with the North Korean Navy.September 7th - An incident occurred at a gubernatorial campaign rally in Ohio, USA, on September 6th local time. According to a statement released by the campaign team of Democratic candidate Amy Acton, during the rally, an armed man "suddenly lunged" at Acton, knocking several people to the ground and injuring several.September 7th - According to Nikkei, Toyota Motor Corporation aims to increase its operating profit (excluding new car sales, such as software updates and vehicle leasing) by approximately 40% to 3 trillion yen (about US$19.2 billion) by fiscal year 2030. The Japanese automaker hopes to move away from its current business model, which is heavily reliant on new car sales, by generating profits from its existing 150 million Toyota vehicles worldwide.Conflict Status 1. The Iranian Revolutionary Guard claims to have struck a US aircraft carrier and destroyer. 2. Israeli attacks in southern Lebanon have resulted in multiple casualties. 3. Clashes between Yemeni government forces and Houthi rebels have left at least 117 people dead. Strait of Hormuz 1. The Iranian Revolutionary Guard released video footage of its actions against vessels violating regulations, claiming that the US escort was a complete lie. 2. Iran says it will declare the Strait of Hormuz a "no-go zone" in the coming days. 3. Secretary of Irans Supreme National Security Council: The navigational route map for the Strait of Hormuz agreed upon with Oman will be signed in the coming days. 4. Secretary of Irans Supreme National Security Council: Iran will only commit to keeping the Strait of Hormuz open if the US ceases its threats or attacks. 5. UK Maritime Trade Operations Office: 59 vessels passed through the Strait of Hormuz in the past 48 hours. Other Matters 1. Iranian military: Has demonstrated a new mode of resistance and will not surrender to the US. 2. Lebanese President: Israels attacks have exceeded the scope of the ceasefire agreement and the framework agreement for national institutions. 3. Iranian Parliament Speaker: Any future actions targeting Iranian interests and security will be met with a "faster, fiercer, and more painful" response. 4. The UAE, Saudi Arabia, Qatar, and eight other countries issued a joint statement condemning Israels statements regarding the expulsion of Palestinians from the Gaza Strip. 5. Iranian Foreign Ministry: The US waged war but made the whole world pay the price. 6. Iran will raise gasoline prices for heavy users.September 7th - Iranian Foreign Ministry Spokesperson Baghae stated: "The Strait of Hormuz was completely unobstructed until February 28th, when the US and Israel invaded Iran. Washington launched an illegal and barbaric war, disrupting normal commercial shipping; oil tankers stopped sailing, trade was interrupted, and energy prices soared. The US started the war, yet expects the whole world to pay for it, while portraying Iran as the instigator of this chaos. This is utterly absurd."

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).