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Gaza Humanitarian Foundation: The injured American is in stable condition and is receiving medical treatment. The injuries are not life-threatening. Preliminary information indicates that two attackers threw two grenades at American aid workers.According to AFP, citing official sources, Israel has not yet decided on Hamas response to the ceasefire proposal.July 5th, on Saturday, OPEC+ agreed to increase daily production by 548,000 barrels in August, further accelerating production increases. OPEC+ approved a monthly production increase of 411,000 barrels per day in May, June and July, and 138,000 barrels per day in April. Sources said that some member countries (such as Kazakhstan and Iraq) over-target production angered other member countries that insisted on production cuts. Sources said that OPEC+ hopes to expand its market share amid the increasing supply of competitors such as the United States. With the increase in production in August, the production released by OPEC+ since April will reach 1.918 million barrels per day, and only 280,000 barrels per day of the voluntary reduction of 2.2 million barrels per day have not yet been restored. The organization is still implementing other production cuts totaling 3.66 million barrels per day. The next OPEC+ meeting will be held on August 3.On July 5, Romanian Prime Minister Ilie Bologan said in an interview with the media that the recent claims that Romania might send troops to Ukraine are unfounded and Romania will not consider military intervention in the Russian-Ukrainian conflict under any circumstances. However, Bologan also pointed out that Romania will continue to gradually increase its military budget to meet NATOs requirements and be consistent with the EUs broader militarization agenda.According to the latest battle report from the Russian Ministry of Defense, the Ukrainian army lost about 1,265 soldiers during the special military operation in the past day and night.

Prediction for Silver Price: XAG/USD falls below $21.60 as USD Index recovers amid global worries

Daniel Rogers

Feb 20, 2023 11:04

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During the Tokyo session, the silver price (XAG/USD) experienced a sharp decline to close to $21.55. The white metal fell like a house of cards as geopolitical tensions intensified the theme of risk aversion. Silver price is predicted to continue its downside momentum as the fears of a comeback in the United States inflation have joined the US-China tensions.

 

The US Dollar Index (DXY) has rallied firmly to approximately 103.70 as the geopolitical tensions-inspired volatility has driven investors to hide behind safe-haven assets. The mood on the market has been dimmed by the US ambassador to China's warnings if Beijing chose to provide lethal military aid to Russia for its invasion of Ukraine. Additionally, three rockets from North Korea on Japan’s Exclusive Economic Zone (EEZ) have poured fuel to the fire.

 

S&P500 futures have extended their losses as the resurgence of inflation fears in the United States has raised warning flags for the upcoming economic recovery. The Federal Reserve (Fed) might continue rising interest rates after a comeback in the prices of goods and services at the factory gates and a revival in consumer spending, expressed by positive Retail Sales statistics. Monday will be a holiday in the United States, so the financial markets will be closed.

 

Thursday's Gross Domestic Product (GDP) report will be closely scrutinized by investors for more advice. It is anticipated that the preliminary annualized GDP for the fourth quarter would remain unchanged at 2.9%.


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