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On May 15, the article stated that the conclusion of the joint statement laid the foundation for subsequent communication and negotiations between China and the United States, but many details still need further consultation. It should be noted that structural contradictions and deep-seated differences between China and the United States still exist, and it is impossible to solve these problems overnight. For the direction of Sino-US economic and trade relations in the future, we should maintain rational expectations. Both sides need to maintain the current momentum of dialogue, manage differences, accumulate consensus, and strengthen trust in equal consultation. At present, whether from the perspective of optimizing the allocation of resource elements, better adapting to the transformation of development mode brought about by the continuous emergence of innovative technologies, or from the perspective of creating a stable global development environment, China and the United States need to develop in a coordinated manner. On the one hand, we should give full play to the role of the Sino-US economic and trade consultation mechanism, conduct continuous and in-depth communication on issues of concern to both sides, and promptly resolve possible contradictions and differences; on the other hand, we should actively promote the liberalization and facilitation of bilateral trade and investment, further expand market opening, and create a more fair, transparent and predictable business environment for enterprises in both countries. Focusing on common interests, the list of Sino-US cooperation can be longer and the cake of cooperation can be bigger.According to NBC News: Iran is ready to sign a conditional agreement.May 15th news, recently learned from a supply chain company that Apples shipment target guidance to suppliers is to launch the first foldable screen mobile phone in the second half of 2026, which is a large foldable screen iPhone. It is expected that after Apple completes the selection of foldable screen iPhone suppliers, it will enter the NPI (new product introduction) process. Industry insiders believe that as Apple enters the foldable screen mobile phone track, it may bring about rapid growth in shipments, and will also drive other brands to increase resource investment, and foldable screen mobile phone industry chain companies are expected to benefit.Feds Daly: Given the uncertainty, any guidance from the market on policy will be speculative and potentially wrong.Feds Daly: Market sentiment has been hit, but it has not yet been reflected in a sharp decline in overall spending by consumers and businesses. Uncertainty has not suppressed economic activity, but if uncertainty persists, it may have an impact on the economy.

Predictions for Gold Prices — Gold prices rose as the dollar weakened

Alina Haynes

May 24, 2022 09:43

Gold prices rise as the dollar weakens to start the week. The currency experienced negative pressure on reduced growth prospects and likely march toward recession. Benchmark rates climbed as shares surged today. Today, the yield on the ten-year Treasury note rose by 3 basis points.

 

On Monday, there was little going on in the world of business. Focus continues on Fed Chair Powell’s speech tomorrow and major economic statistics including PCI and first-quarter GDP published this week. Investors are anxious about impending recession and sluggish economic growth.

Analytical Methods

Gold prices came back from session highs but are still higher and possibly be headed to the 1860s. This week's economic statistics might point to a slowdown in economic growth, which would benefit gold.

 

To begin the week, gold prices held above the 200-day moving average of $1839. Support is indicated near the 200-day moving average near 1839. Resistance is apparent at the May 12th peak of 1858.

 

The Fast Stochastic has formed a crossover buy signal, indicating that the short-term momentum is bullish. Prices are no longer oversold as the fast stochastic prints a value of 54.58, considerably above the oversold trigger level of 20.

 

Medium-term momentum turns bullish as the MACD can provide a crossover buy signal. This occurs as the 12-day moving average minus the 26-day moving average passes below the 9-day moving average of the MACD line.

 

Price declines are predicted by the MACD (moving average convergence divergence) histogram, which shows a downward trend in price.

 

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