EUR/USD 1.15545
-0.056%
Gold 4335.68
-0.189%
Oil 78.568
3.013%
USD/JPY 158.783
0.779%
GBP/USD 1.34993
0.016%
GBP/JPY 214.350
0.794%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 10th, Yum China Holdings, Inc. (09987.HK) announced that for the six months ended June 30, 2026, system sales increased by 5% year-on-year (excluding the impact of foreign currency translation), with total revenue of US$6.4 billion, up 11% year-on-year, and same-store sales up 1% year-on-year. Operating profit was US$795 million, up 13% year-on-year; net profit (Yum China Holdings, Inc.) was US$553 million, compared to US$507 million in the same period last year; diluted earnings per share were US$1.57, up 16% year-on-year. During the period, a net increase of 1,196 stores was recorded, a 105% increase compared to the same period last year, bringing the total number of stores to 19,297, of which franchised stores accounted for 18%.Apple (AAPL.O) shares fell 1.3% in pre-market trading after Jefferies downgraded the company from "hold" to "underperform" and lowered its target price from $285.56 to $263.66.Jefferies downgraded Apple (AAPL.O) from "Hold" to "Underweight"; lowered its price target from $285.56 to $263.66.On August 10, the Peoples Bank of China issued the "15th Five-Year Plan for Reform and Development of the Peoples Bank of China." The plan calls for the continued construction of an open, inclusive, dynamic, and resilient modern financial market. It also aims to improve the multi-category, multi-tiered financial market system, further enrich financial market formats, and better leverage the functions of the financial market. Furthermore, it emphasizes strengthening the institutional framework of the financial market and maintaining its stable operation.Meta Platforms (META.O): Will build a completely private mode for personal intelligent agents, where even META itself cannot access user information.

Gold Price Prediction: XAU/USD struggles above $2,000 as additional Fed rate increases appear inevitable

Daniel Rogers

Apr 17, 2023 13:44

259.png 

 

During the Asian session, the gold price (XAU / USD) appears vulnerable above the psychological resistance of $2,000.00. Following a four-day low of $1,992.50, the precious metal has exhibited a recovery trend. However, the recovery appears precarious as bullish wagers on the US Dollar Index (DXY) limit the upside.

 

As the probability of a consecutive 25 basis point (bp) rate hike from the Federal Reserve (Fed) is exceedingly high, the USD Index seeks to extend its recovery above the immediate resistance of 101.75. According to the CME Fedwatch instrument, the likelihood of a rate rise is nearly 80%.

 

In the meantime, S&P500 futures posted significant gains early on Monday, following a moderate decline on Friday. Quarterly earnings season is anticipated to keep US equities stock-specific. As a result of the precipitous drop in petroleum prices in March, manufacturing and oil-dependent businesses could experience a reasonable earnings rebound.

 

The demand for U.S. government bonds has decreased considerably in response to rising wagers on additional Fed policy restrictions. President of the Federal Reserve Bank of Atlanta Raphael Bostic stated that with one more quarter-point increase in interest rates, the Fed can conclude its tightening cycle with some assurance that inflation will gradually revert to its 2% objective.


Suggestion