EUR/USD 1.16531
0.014%
Gold 4599.65
-0.043%
Oil 82.922
-0.049%
USD/JPY 159.344
-0.028%
GBP/USD 1.35964
0.029%
GBP/JPY 216.638
0.002%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japans July unemployment rate will be released in ten minutes.On August 28, U.S. Commerce Secretary Rutnick accused Canadian Prime Minister Carney on Thursday of stagnation over an agreement in order to consolidate political support in response to Albertas preliminary "independence referendum" in October and the Quebec election. "We were just used by them, right? Thats why the negotiations broke down. Not because the numbers didnt match. The numbers were very nice; we could have reached a major agreement," Rutnick told reporters in Washington. According to sources, the two countries disagreed on tariff reductions for medium and heavy-duty trucks, with Canada demanding the same tariff reductions as for passenger cars, a request the U.S. refused. Rutnick stated that he only saw the issue raised hours before the negotiations broke down on Friday.August 28th - According to the Wall Street Journal, CIA Director Ratcliffes diplomatic visit to Russia this week was so sensitive that some senior White House officials were unaware of it beforehand. According to US officials, President Trump personally dispatched the CIA director, keeping it secret from close aides and senior military officials who would normally be informed of such trips; they didnt even know what message Ratcliffe would convey to senior Kremlin officials. It is understood that Trump chose to send the intelligence director because previous attempts to use other trusted diplomatic envoys in negotiations had failed to prevent the escalation of conflict.Google Gemini: Make your stories more engaging with Gemini Omni 1.1 Flash. Now, people can create or upload videos and have Gemini seamlessly pick up where the video left off, creating longer stories or exploring entirely new creative directions.US President Trump: Iran is a failed state.

Gold price prediction: XAU/USD slips to $1,690 on Fed forecasts; US retail sales expected

Daniel Rogers

Sep 15, 2022 11:37

 116.png

 

Gold price (XAU/USD) has adopted a downward trend after falling below Wednesday's minimum of $1,693.67. The precious metal is falling nearing $1,690.00 as bears take control of rising probabilities for a massive Federal Reserve (Fed) rate hike in the near future.

 

Earlier symptoms of weariness have dissipated as a result of Tuesday's higher-than-anticipated US Consumer Price Index (CPI) report. Despite declining gasoline costs, the headline US CPI was announced at 8.3%, which was higher than the 8.2% prediction. The investment community believed that inflation had begun to respond to the Federal Reserve's (Fed) raising interest rates and that a succession of declining price pressures would soon enable the Fed to adopt a 'neutral' stance.

 

However, a US inflation report that exceeded forecasts demonstrates that the road to a neutral monetary policy is far from complete. Moreover, predictions of a one percent rate increase are currently ascendant.

 

In today's session, the US Retail Sales report will be of paramount importance. The economic data estimates do not indicate any improvement in retail demand. This could be the outcome of a fall in consumer confidence in the economy.

 

The gold price has experienced a precipitous decline after demonstrating a textbook-style test and the collapse of a consolidation pattern. On an hourly scale, the consolidation formed within the region of $1,697.12-1,709.62. At $1,698.70, the yellow metal is trading below the 20-period Exponential Moving Average (EMA), which increases the downside filters.

Suggestion