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The Atlanta Feds GDPNow model projects U.S. GDP growth of 3.5% in the third quarter, down from its previous forecast of 3.8%.DownDetector, a network monitoring website, reports user complaints that Microsoft Teams is experiencing issues.The London Bullion Market Association (LBMA) reported that as of the end of November 2025, gold holdings in London vaults totaled 8,907 tons (an increase of 0.55% from the previous month).The London Bullion Market Association (LBMA) reported that as of the end of November 2025, the total amount of silver held in London vaults was 27,187 tons (up 3.5% from the previous month), with a market value of US$47.1 billion.Six sources familiar with the matter said the G7 and the EU are negotiating a comprehensive ban on maritime services in lieu of a price cap on Russian oil exports, in order to reduce oil revenues that fund Russias involvement in the conflict in Ukraine. Russia exports more than a third of its oil using Western tankers, primarily to countries like India, and relies on Western shipping services. Trade is mainly conducted through fleets of EU maritime nations, including Greece, Cyprus, and Malta, and the ban would end this trade. The remaining two-thirds of Russian oil exports are carried out by a fleet of hundreds of tankers operating outside Western oversight and maritime standards, known as a "shadow fleet." If the G7 and EU implement a ban on maritime services, Russia will need to expand this fleet. Three of the six sources said the ban could be part of the next round of EU sanctions against Russia, scheduled for early 2026. Two of the six sources said the EUs 27 member states hope to ratify the ban along with a broader G7 agreement before proposing a comprehensive package of sanctions.

The price of gold fluctuates about $1,700, and given increased hawkish Fed bets, a decline seems imminent

Alina Haynes

Jul 18, 2022 12:03

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In the early Tokyo session, Gold Price (XAUUSD) tried to break above the consolidation that had been created in a constrained range between $1,703.21 and 1,705.90 on Friday. After a brief squeeze, the precious metal is now showing some symptoms of increased volatility. On Friday, the shiny metal successfully defended the psychological level of $1,700.00, which is also close to Thursday's low. The psychological support of $1,700.00 has undergone two tests, which has increased the importance of the level for market players. The precious metal is currently showing exhaustion indications at lower levels, but additional filters are needed to showcase a bullish turnaround.

 

Despite modest losses on Friday, the US dollar index (DXY) closed the week on a positive note. Weekly results showed that the asset kept winning. The DXY has been making advances for the last three weeks in a row. Despite the asset showing a stronger decline on a shorter timeline, the upside is still justified because to the DXY's overall performance. A downwards move is almost certain to occur since the asset is now auctioning in an inventory distribution phase at roughly 108.00.