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① Iran 1. Iranian Parliament Speaker: Iran and the US should jointly safeguard Lebanons territorial integrity. 2. Iranian Foreign Ministry Spokesperson: Tehrans interactions with the International Atomic Energy Agency (IAEA) will require approval from the Iranian parliament and a decision from the Supreme National Security Council. 3. Acting Iranian Defense Minister: The armed forces are on high alert; any new provocations or miscalculations by aggressors will be met with a stronger response than ever before. ② US 1. Vance: A de-escalation mechanism for the Lebanese conflict has been established. 2. Vance stated that Iran has agreed to invite IAEA inspectors for a return visit, which was refuted by Iran. 3. Trump stated that Iran will agree to accept weapons inspections to ensure its long-term "nuclear integrity." 4. US officials stated that the US has established a "monitoring mechanism" for the situation in Lebanon. 5. Trump: If Iran does not comply with the agreement, I will take necessary measures. ③ Israel 1. Israel stated that it will continue to take action to destroy military facilities in southern Lebanon. 2. Israeli Prime Minister: The Israel Defense Forces can operate freely in southern Lebanon to counter threats. ④ Ceasefire Negotiations 1. Qatar and Pakistan Joint Statement: The first round of high-level talks between the US and Iran has concluded, and all parties have finalized a 60-day roadmap. 2. Iranian Foreign Ministry: Technical talks between Iran and the US have begun in Switzerland. 3. Irans chief negotiator: An agreement on unfreezing $12 billion in Iranian assets has been finalized. 4. Vance said the Swiss negotiations were productive, but warned, "Dont trust anyone." 5. Iranian President: Iran will never yield to excessive demands. ⑤ Strait of Hormuz 1. British media: More than 400 ships waited in the Strait of Hormuz during the Iran-US consultations. 2. Iranian Parliament Speaker: The Strait of Hormuz will be managed according to the mechanism established by Iran. 3. Joint Maritime Information Center (JMIC): The maritime security threat level in the Strait of Hormuz has been downgraded to "moderate." 4. Irans chief negotiator: An agreement has been reached to establish communication channels regarding the passage of ships in the Strait of Hormuz. ⑥ Other Circumstances 1. The Iranian President will visit Pakistan on Tuesday. 2. The U.S. Treasury Department issued a 60-day temporary general license authorizing Iran to sell oil. 3. It is reported that Iran exported 30 million barrels of crude oil in the week before the U.S. sanctions waiver. 4. Hezbollah leader: Will respond to any Israeli aggression. Federal Reserves Goolsby: Federal Reserve Chairman Warshs approach is to reduce speculation on interest rates and reduce forward guidance; I quite agree with this approach.Federal Reserves Goolsby: In my view, we need to determine whether this inflation will continue.Federal Reserves Goolsby: Evidence is needed to prove that this inflation is temporary; inflation in the services sector is slightly worrying.Federal Reserves Goolsby: We have not yet experienced a stagflation shock, and the labor market has remained stable.

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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