EUR/USD 1.17891
-0.148%
Gold 4872.00
-1.886%
Oil 63.635
-0.929%
USD/JPY 156.829
-0.029%
GBP/USD 1.36283
-0.175%
GBP/JPY 213.736
-0.181%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Sony (SONY.N) has increased the maximum amount of its share buyback program from 100 billion yen to 150 billion yen.Tencent Holdings (00700.HK) has been declining for several days and is currently down more than 3%.February 5th - According to the National Medical Products Administration (NMPA), 50 batches of cosmetics were found to be non-compliant during the 2025 national cosmetics sampling inspection. The NMPA, in accordance with the "Regulations on the Supervision and Administration of Cosmetics," the "Measures for the Supervision and Administration of Cosmetics Production and Operation," and the "Measures for the Administration of Cosmetics Sampling Inspection," has instructed the drug regulatory authorities of Zhejiang, Guangdong, and Qinghai provinces to initiate investigations into the registrants, filers, and contract manufacturers involved in the aforementioned non-compliant cosmetics, and to order the relevant companies to take risk control measures and conduct self-inspections and rectifications in accordance with the law.Chart: Changes in market capitalization of major global technology and internet companies on February 5, 2026 (Thursday)February 5th - At a press conference held today (February 5th) by the State Council Information Office, the State Administration for Market Regulation introduced three key tasks for long-term governance: First, implementing a fee list system, cooperating with the National Development and Reform Commission to guide local governments and departments in establishing comprehensive lists of fees levied on enterprises, achieving full coverage of all fee items, strictly investigating fee collection activities outside the list, and ensuring that enterprises have clear guidelines for payment; second, promoting policy evaluation and review, comprehensively reviewing existing fee policies, and strictly reviewing newly introduced policies to prevent arbitrary charges from the source; and third, accelerating the construction of a long-term regulatory system, working with relevant departments to promote the promulgation of the "Measures for Handling Illegal and Irregular Fee Collection Activities Involving Enterprises," clarifying penalties, and strengthening the punishment of illegal and irregular activities.

Forecast for Gold Price: XAU/USD edges lower on a stronger USD and Fed rate rise worries

Alina Haynes

Sep 05, 2022 16:23

截屏2022-06-07 下午5.15.32.png 

 

Gold dips lower on the first trading day of the week, erasing a portion of Friday's substantial gains. The XAU/USD is on the defensive during the early European session, but lacks follow-through selling and has thus far managed to maintain its position above the $1,700 round-figure level.

 

On Monday, the US dollar reaches a fresh 20-year high, which turns out to be a significant factor imposing downward pressure on dollar-denominated gold. Despite Friday's delivery of a mixed US employment data, a growing consensus that the Fed will adhere to its aggressive policy tightening course continues to support the dollar. In fact, the markets are putting in a larger likelihood of a 75-bps rate hike at the September 20-21 FOMC meeting.

 

Recent hawkish remarks by various Fed members reiterated the bets, signaling that interest rates are likely to continue climbing until inflation is much closer to the 2% target. In addition, it is anticipated that the Reserve Bank of Australia, the European Central Bank, and the Bank of England would continue to hike interest rates. This is regarded as an additional component that contributes to the diversion of gold flows away from non-yielding gold.

 

In addition, indications of equities market stability appear to diminish demand for traditional safe-haven gold. However, mounting concerns about a more severe economic crisis should temper any euphoria. This, coupled with relatively low trading volumes due to the Labor Day holiday in the United States, may discourage dealers from taking aggressive wagers on gold. This necessitates vigilance prior to positioning for additional losses.


Suggestion