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Irans Judiciary News Agency reported that an Iranian businessman was detained in Italy and will return to Iran in the coming hours.On January 12, SpaceX announced on the X social network that the seventh test launch of the Starship will be postponed to January 15. Previously, the company said the launch was scheduled for January 13. It should be noted that during the flight, the spacecraft will attempt to deploy a payload in space for the first time, releasing 10 Starlink satellite models.On January 12, the Financial Supervision Administration held a 2025 supervision work meeting. The meeting pointed out that multiple measures should be taken to help the economy recover and improve. We will step up efforts to implement a package of incremental policies to stabilize growth. We will take the lead in establishing a coordination mechanism to support financing of small and micro enterprises, and expand the policy of interest-free loan renewal to medium-sized enterprises in stages. The scope of the pilot equity investment of financial asset investment companies has been expanded to 18 cities, and the scale of the signed intended funds has exceeded 340 billion yuan. We will provide guidance on the response and disposal of natural disasters such as rainstorms and typhoons and major accidents. The insurance industry paid out more than 2.3 trillion yuan.Kuwait set its February crude oil sales to the United States at a premium of $3.70 per barrel (over the Oman/Dubai average price), and its crude oil sales to Asia at a premium of $0.45 per barrel. It set its February crude oil sales to northwestern Europe at a discount of $3.40 per barrel, and its February crude oil sales to the Mediterranean region at a discount of $3.4 per barrel.On January 12, the booking for the 2025 Spring Festival travel has reached its peak. According to Qunars big data, January 25 may become the peak of the number of people traveling in a single day during the Spring Festival. At present, the train tickets for January 25 have been put on sale, and some popular train tickets for visiting relatives have been sold out, driving the sales of Spring Festival air tickets to a peak. According to the analysis of Qunar Big Data Research Institute, this years Spring Festival, many people will choose to take leave on January 26 and 27 to make an 11-day super-long holiday. According to the current booking situation, the highest number of trips is on January 25, exceeding the day before New Years Eve. The long holiday has spawned a "transition vacation", first going home to visit relatives, then traveling, and finally returning to work and school. Many passengers will quickly and frequently "transfer" between multiple places. The number of passengers who purchased multiple tickets within 11 days has increased by 50% year-on-year.

Forecast for Gold Price: XAU/USD hopes to extend its advances above the 23.6% Fibo barrier level

Alina Haynes

Sep 06, 2022 15:25

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"Gold bulls are attempting their luck once more by recapturing the $1,716 barrier, which is the 23.6% Fibonacci Retracement level of the most recent slide from the peak of $1,808 on August 10." Failure to hold above the latter may strengthen selling pressures, prompting a return to Monday's low of $1,708. The next support level is expected at $1,700, below which the six-week low of $1,689 might be retested."

 

"If the rebound momentum continues, bulls will attempt the 38.2% Fib level at $1,734 on a sustained move above the daily high of $1,727 and $1,730."