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On January 12, White House National Economic Council Director Hassett stated on Monday that he had not participated in any discussions regarding the Justice Departments investigation into Federal Reserve Chairman Powell. In an interview with CNBC, Hassett said, "I havent been involved in any related discussions with the Justice Department, nor have I spoken with them before they contacted Powell, so I have nothing to add. I simply respect the independence of the Federal Reserve and the Justice Department, and well see how things develop."Lufthansa: We are closely monitoring the current situation. We plan to resume flights to Tehran on January 16.White House National Economic Council Director Hassett: I have not yet spoken with Federal Reserve Chairman Powell about his remaining on the council.Oman has enacted a law to establish an international financial center.On January 12th, Topjing Technology announced that from December 25th, 2025 to January 12th, 2026, its shareholder, the National Integrated Circuit Fund, reduced its holdings by 2.6121 million shares through block trades. On January 9th, 2026, the company completed the registration of the vesting of the second type of restricted shares, resulting in an increase in the total share capital and a passive dilution of its shareholding. In summary, the National Integrated Circuit Funds shareholding ratio decreased from 18.92% to 17.92%, reaching the 1% threshold. This change was due to the fulfillment of a share reduction plan, which was not fully implemented and does not affect the companys governance or violate any regulations.

XAU/USD faces barriers around $1,770 ahead of data on US inflation estimates, according to the gold price forecast

Daniel Rogers

Dec 07, 2022 14:57

In the Asian session, the gold market (XAU/USD) noticed selling action near the $1,770.00 immediate barrier. The US Dollar Index (DXY) has widened its upward trajectory above a four-day high at 105.60, putting the precious metal under pressure.

 

After a sell-off that continued for the second trading session, S&P500 futures are significantly worse, indicating that investors are currently taking a risk-averse stance. The 10-year US Treasury yields have partially recovered their losses and are currently at 3.56% as of the time of publication.

 

The market has become pessimistic due to recent indicators of a comeback in inflation following the resilience displayed by the US economy in November through services and labor demand. This has increased the possibility that the Federal Reserve (Fed) would give higher interest rate peak guidance at its monetary policy meeting next week.

 

Prior to that, however, consumer inflation predictions over the next five years took center stage. Since inflation has already shown signals of slowing, long-term inflation expectations are still anchored. The forward-inflation data had previously come in at 3%.

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