EUR/USD 1.16341
-0.215%
Gold 4507.58
0.663%
Oil 58.618
0.632%
USD/JPY 157.879
0.650%
GBP/USD 1.34060
-0.254%
GBP/JPY 211.655
0.407%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian President Volodymyr Zelenskyy said that Ukraines chief negotiator, Ivan Umerov, spoke with U.S. representatives on Saturday.January 10th - According to the National Marine Forecasting Center, a 6.6-magnitude earthquake struck the waters off the Tarau Islands of Indonesia at 22:58 (Beijing time) on January 10, 2026, with a focal depth of 69 kilometers. The Ministry of Natural Resources Tsunami Warning Center, based on preliminary earthquake parameters, assesses that the earthquake may trigger a localized tsunami around the epicenter, but will not affect my countrys coast.On January 10, the Inter-Services Public Relations (ISPR) of the Islamic Republic of Pakistan (IPP) announced that Pakistani and U.S. armed forces have begun a joint counter-terrorism exercise codenamed "Inspired Gambit 2026." The press release stated that the two-week exercise is being held at the National Counter-Terrorism Centre base in Pabi, Khyber Pakhtunkhwa province, in northwestern Pakistan.On January 10th, the Yangtze River Delta Integration Model Release and Application Linkage Conference was held in Shanghai. At the conference, the Yangtze River Delta Integration Model (YRD-P1), led by Professor Zhang Xueliangs team, a member of the China Regional Economy 50 Forum and Executive Dean of the Yangtze River Delta and Yangtze River Economic Belt Development Research Institute at Shanghai University of Finance and Economics, was officially released. Professor Zhang stated that the YRD-P1 model is a specialized large-scale model built upon years of accumulated urban and regional scientific research. Relying on continuously accumulated policy documents, statistical data, academic achievements, industrial chain information, and geospatial data, the model is deeply customized for the Yangtze River Delta region, emphasizing the systematic, authoritative, and traceable nature of its knowledge system, and aiming to provide a more intelligent, accurate, and sustainable decision-making support tool for coordinated regional development.According to Irans Mehr News Agency, Iranian security forces intercepted Kurdish militants attempting to enter the country from Iraq.

Gold Price Prediction: XAU/USD attempts to increase auction profile over $1,750 as the US Dollar becomes turbulent

Daniel Rogers

Nov 30, 2022 15:20

截屏2022-11-08 下午5.37.34_1024x576.png

 

After a significant recovery above $1,748.00 during the Tokyo session, the gold price (XAU/USD) aims to move its business beyond $1,750.00. As the US Dollar index (DXY) has become volatile in advance of Federal Reserve (Fed) chair Jerome Powell's speech, the precious metal has attracted buying interest. This time, the Fed Chair's speech will have a substantial influence, as investors will glean hints regarding a slower rate of interest rate hikes.

 

The USD Index has attracted some bids at 106.60 following a decline and is expected to remain on edge as Wednesday's New York session will reveal important economic catalysts in addition to Fed Chair Powell's speech. S&P500 futures have regained a portion of their early-Asia losses. The yields on 10-year US Treasuries remain rock-solid over 3.74 percent.

 

Employment data from Automatic Data Processing (ADP) in the United States will be the most influential factor on the gold price. Preliminary estimates indicate that the US economy added 200k jobs in November, compared to 239k in October. The labor market data is suffering as a result of rising interest rates, which have prompted businesses to pause the hiring process due to rising concerns of a future slowdown.

 

On an hourly scale, the gold price is fluctuating between $1,740 and $1,760 before to the announcement of significant economic catalysts and Fed Powell's speech. The 20-period Exponential Moving Average (EMA) at $1,751.00 is converging with the asset, indicating a forthcoming consolidation.

 

In the meantime, the Relative Strength Index (RSI) (14) oscillates continually between 40.00 and 60.00, indicating that investors are on the sidelines ahead of significant developments.

Suggestion