EUR/USD 1.14339
0.154%
Gold 4121.70
1.086%
Oil 72.337
-2.924%
USD/JPY 162.361
-0.142%
GBP/USD 1.33924
0.027%
GBP/JPY 217.445
-0.108%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Saudi Foreign Ministry: Iran’s aggression undermines international efforts to restore regional security and stability.Saudi Foreign Ministry: We reject Irans violation of the sovereignty of our brotherly nations and its continued threat to regional security and stability.Dell (DELL.N) rose more than 5%.The U.S. EIA natural gas storage data for the week ending July 3 will be released in ten minutes.On July 9th, Meta launched its state-of-the-art AI model, Muse Spark 1.1, including a new paid tier for developers. This marks the first time Meta has charged enterprises for model access, opening up a new revenue stream. In an interview before the launch, Zuckerberg stated that this will be one of the most cost-effective options on the market. Speaking about the API for accessing Meta AI, Zuckerberg said, "Since this isnt an open-source model, I think this is the first time weve really seriously launched an API. And the pricing will be very aggressive and attractive." Zuckerberg stated that the new models significant improvement lies in its agent capabilities. Muse Spark 1.1 boasts "state-of-the-art or very close to state-of-the-art" levels in agent inference and tool usage. The model also shows significant improvements in coding. Meta will also launch a new Meta Model API system for charging developers. Its API pricing is approximately 25% of the prices quoted by other high-end models from OpenAI and Anthropic. Developers can use Metas models for free, but only to a certain limit; once a certain token threshold is exceeded, access will require payment. He stated, "Some other labs have extremely high pricing and profit margins." He emphasized that his strategy is to make Metas technology accessible to as many people as possible.

Gold Price Prediction - Gold Prices Will Experience Declining Pressure as the Dollar Strengthens

Daniel Rogers

May 13, 2022 10:17

Gold prices are under pressure to decline as investors flock to the dollar as a safe-haven asset. The market became more risk-averse as a result of rising inflation statistics. The dollar rises as investors flock to the currency for its safe-haven attraction.

 

In response to strong inflation data, investors shifted into bonds and sold equities, lowering benchmark yields. Today, the yield on ten-year bonds fell 7 basis points.

 

This week, initial unemployment claims increased by 1,000 to 203,000 from the revised total of 202,000 previous week. The result conforms to the tight labor market. As workers are pushed to seek out better options, job postings and resignation rates have reached all-time highs.

 

The most recent CPI data indicates that the Fed is concerned about rising inflation. The CPI came in at 8.3%, which was stronger than anticipated. Nonetheless, the reading was lower than March's reading of 8.5%. The data supports the Fed's strategy to aggressively tighten interest rates in response to rising inflationary pressures.

Technical Evaluation

Gold prices fall below the 200-day moving average of $1,836 and are subject to bearish pressure that might drive gold prices to $1,800. Near the 200-day moving average at 1,836 is viewed as support. Near the 10-day moving average of 1,874, there is expected to be resistance.

 

As a result of the Fast Stochastic's crossover sell signal, short-term momentum is negative. As the fast stochastic displays a value of 9.79 below the oversold threshold of 20, prices are oversold.

 

As the MACD produces a crossover sell signal, medium-term momentum has gone negative. This occurs when the 12-day moving average minus the 26-day moving average crosses below the MACD line's 9-day moving average.

 

The trajectory of the MACD (moving average convergence divergence) histogram is negative, indicating falling prices.

 

 image.png


Suggestion