EUR/USD 1.16769
-0.012%
Gold 4634.29
0.378%
Oil 85.134
-1.340%
USD/JPY 158.964
-0.019%
GBP/USD 1.36399
-0.049%
GBP/JPY 216.830
-0.069%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Southern Command: Operation kills two drug trafficker terrorists.U.S. Southern Command: A deadly strike was carried out against a low-observable vessel operating on a pre-established drug smuggling route in the Eastern Pacific.On August 24th, a survey released on the 23rd by the Angus Reed Institute, a Canadian polling organization, showed that over 70% of Canadians support the governments withdrawal from Canada-US trade negotiations. The survey indicated that 76% of respondents supported the Canadian governments position. Even among supporters of the opposition Conservative Party, 53% believed the governments withdrawal was correct and that a "bad" agreement should not be accepted. Furthermore, regarding the Canadian governments proposal to impose retaliatory tariffs on the US on September 8th, approximately 62% of respondents believed this move was appropriate under the current circumstances. The survey also showed that regarding the potential employment crisis caused by the Canada-US trade war, about 13% of employed respondents expressed "great concern" about losing their jobs, while another 25% expressed varying degrees of concern. Industry experts previously predicted that a complete breakdown in Canada-US trade negotiations could lead to a 0.4% reduction in Canadas GDP and a loss of 90,000 jobs.August 24th - Recently, affected by Typhoon Zitan (No. 19 of this year), many areas in Chongzuo and Fangchenggang in Guangxi Zhuang Autonomous Region have experienced continuous heavy rainfall, resulting in severe flooding. On August 24th, the National Disaster Prevention, Reduction and Relief Commission and the Ministry of Emergency Management activated a Level IV national emergency response. Based on the "National Natural Disaster Relief Emergency Plan" and the disaster losses in Guangxi Zhuang Autonomous Region, the National Development and Reform Commission has urgently allocated 50 million yuan from the central budget to support Guangxi in post-typhoon and flood disaster emergency recovery efforts. This funding will primarily be used for the emergency reconstruction of damaged roads, water conservancy infrastructure, and public service facilities such as schools and hospitals in the disaster area, promoting the rapid restoration of normal production and living order.August 24th - According to a new research report released by Counterpoint Research, the global smartphone market is projected to decline by 14.3% year-on-year in 2026, hampered by factors such as rising component costs, reduced supply of low-priced devices, and declining consumer purchasing power. The global smartphone market is expected to continue facing challenges in 2027, with shipments projected to decline by a further 1.4%, but a strong recovery is expected to begin in 2028, with shipments projected to grow by approximately 4.8%.

Forecast for Gold Price: XAU/USD bulls want 50% mean reversion

Alina Haynes

Feb 08, 2023 12:01

截屏2022-06-07 下午5.15.32.png 

 

The Gold price ended the day mostly stable against a mixed US Dollar, which was pushed and pulled by Jerome Powell's remarks at The Economic Club of Washington, D.C.'s Signature Evening.

 

While he repeated much of what he said in the press conference that followed last week's interest rate decision, the markets reacted quickly to his most dovish statements, which were largely surrounded by hawkish language, and the US Dollar plummeted.

 

As the markets processed the comments, gold gained only to fall back under pressure, fluctuating between $1,865 and $1,884 at its highest point. As of this moment, the Gold price in Asia has reached a session high of $1,878.46.


Suggestion