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On May 27th, the Guangdong Provincial Strategic Emerging Industries Investment Guidance Fund was launched in Guangzhou, and XPeng Group was honored to be among the first batch of signed projects. Chairman and CEO He Xiaopeng emphasized at the ceremony that strategic emerging industries require "patient capital" capable of navigating economic cycles. XPeng will steadfastly pursue independent research and development, continuously increase investment in scientific research, and make every effort to overcome core technologies in physical AI. With the support of the fund, XPeng aims to enable the low-altitude economy to "take off," autonomous driving to "run," and embodied intelligence to "be used," transforming innovative technologies into real industrial power.SK Hynixs stock price rose by 14%.May 27th - Data released Wednesday by the European Automobile Manufacturers Association (ACEA) shows that European car sales rose for the third consecutive month in April, with consumers continuing to purchase large numbers of electric and hybrid vehicles. New car registrations in April increased by 7% year-on-year, reaching 1.15 million units. Sales in major markets such as Germany and the UK both saw growth, with electric vehicle deliveries surging by 38%. Due to the implementation of new subsidies, electric vehicle sales in Germany, Europes largest car market, jumped 41%. Hybrid vehicle sales increased in Europe in April, while sales of gasoline and diesel vehicles continued to decline, indicating that the European car market is continuing its transition to electrification. After a dismal 2025, Teslas performance in the European market continued to recover, with sales in Europe increasing by 47% year-on-year in April. Volkswagen, Stellantis, Mercedes-Benz, and BMW also recorded higher delivery volumes.On May 27, the Iranian Civil Aviation Organization announced on the 26th that 10 airports nationwide would extend their operating hours and operate 24 hours a day. These include Tehrans Imam Khomeini International Airport and Mehrabad Airport, as well as Sari, Birjand, Gorgan, Boynourd, Kerman, Zahedan, Sabzewar, and Mashhad airports. The previous day, on the 25th, a spokesperson for the Iranian Civil Aviation Organization stated that 20 airports across Iran had resumed operations after the temporary ceasefire agreement between the US and Iran took effect.May 27th - According to Counterpoint Research, global DRAM revenue surged 80% quarter-over-quarter in the first quarter of 2026, reaching a record high, driven by both strong market demand and rising memory prices. The increased adoption of high-bandwidth memory (HBM) and LPDDR5 in AI data center infrastructure were also key factors contributing to this growth. Samsung continued its leading position in the memory business, followed by SK Hynix and Micron in second and third place, respectively. Prices are projected to continue growing by 50% quarter-over-quarter in the second quarter of 2026 (including HBM and standard DRAM), indicating another strong quarter for the market.

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

Daniel Rogers

Sep 15, 2022 11:37

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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.

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