EUR/USD 1.08817
0.269%
Gold 2983.49
-0.179%
Oil 66.933
0.639%
USD/JPY 148.573
0.514%
GBP/USD 1.29312
-0.135%
GBP/JPY 192.123
0.421%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
An American Airlines Boeing (BA.N) 737 caught fire in Denver and passengers were evacuated.Hang Seng Index futures closed up 0.61% at 24,217 points in the night session, 257 points higher than the previous session.March 15th, the General Staff of the Ukrainian Armed Forces posted on social media on the 14th that the report about the encirclement of the Ukrainian army in Kursk was false information fabricated by the Russian side to exert political pressure on Ukraine and its partners. The General Staff of the Ukrainian Armed Forces said that the Ukrainian army had 13 clashes with the Russian army in Kursk on the 14th, and there was no threat of being surrounded. The situation in the Kursk area has not changed significantly in the past day, and the fighting is still going on. The Ukrainian army has regrouped and withdrawn to a more advantageous defense line, and is currently carrying out combat missions and repelling multiple attacks by the Russian army.March 15 news, on March 14, Ukraines President Volodymyr Zelensky, whose term has expired, said that the Ukrainian Armed Forces operation in Kursk Oblast was "mission accomplished". Zelensky said: "The current situation is very difficult. I can only thank our soldiers for participating in this operation. The mission of this operation has been accomplished. The pressure on the Kharkiv direction was first reduced, and then they began to withdraw from the east. I think that the situation in the Pokrovsk direction has stabilized now, and it will be difficult for them to find an opportunity to occupy Pokrovsk again."March 15 (Reuters) - Apple Incs (AAPL.O) Siri virtual assistant team is facing delays and embarrassment from key features that were publicly advertised before they were ready. Robbie Walker, a senior director at the team, acknowledged the difficulties and praised the teams work, but said the features would not be available until next year at the earliest.

Copper Is Bullish As Gold Hovers Around $1,880 Before U.S. CPI News

Skylar Williams

Jan 12, 2023 11:23

125.png


On Thursday, gold prices hovered near an eight-month high as markets prepared for U.S. inflation data expected to fall further, while copper prices rose to a seven-month high due to rising optimism about China.


The U.S. consumer price index inflation numbers released later in the day are expected to show that inflation declined more in December than in November, requiring the Federal Reserve to take fewer hawkish actions after a rapid interest rate increase through 2022.


As high interest rates on non-yielding assets ease, bullion prices should rise. Lower inflation may force the Fed to suspend rate hikes, according to markets.


At 19:06 E.T., spot gold was constant at $1,876.41, while gold futures were muted at $1,879.50. (00:06 GMT). After a strong start, both assets traded at eight-month highs.


Gold prices rose due to fears of a recession and bets that the currency had peaked.


Gold has risen since 2022, but U.S. interest rates are at their highest since the 2008 financial crisis. This and the volatility of U.S. interest rate peaks will limit gold's near-term price appreciation.


December inflation is expected to drop but remain over the Fed's yearly target. Fed policymakers worry that interest rates may stay high for a long time, pressuring metal prices.


On Thursday, industrial metals like copper fell below their mid-June highs. Due to confidence about China's economic revival, the red metal has risen almost 10% this year.


Early Asian copper prices fell 0.1% to $4.1730 per pound. As Peru, the second-largest copper producer in the world, confronts greater political instability, the metal is expected to benefit from tighter supply.


China, the world's largest copper importer, reopened its borders this week after three years. COVID-19 instances have skyrocketed, clouding the nation's economic outlook.

Suggestion