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The Speaker of the Iranian Parliament stated that the Iranian delegation put forward forward-looking initiatives, but the other side ultimately failed to win the trust of the Iranian delegation in this round of negotiations.According to the Oman News Agency, Oman has awarded five oil and gas concession blocks to local and international oil companies.April 12 (Reuters) - Iran expects to restore most of its damaged refining and distribution facilities to 70-80% of their pre-attack capacity within the next one to two months, according to the Iranian Students News Agency. Authorities are currently working to recover from a wave of attacks on energy infrastructure. The Iranian Deputy Oil Minister stated that repairs have begun, and some facilities at the Ravan refinery are expected to resume operation within about 10 days, with other units gradually resuming production.According to Japans Kyodo News, Isuzu Motors will postpone the launch of its fuel cell truck, which it developed in collaboration with Honda and was originally scheduled to be released in 2027.On April 12, the Russian Ministry of Defense announced that, according to President Putins order, all Russian troops in the special military operations zone were to strictly adhere to the ceasefire agreement starting at 16:00 Moscow time on April 11. However, from 16:00 on April 11 to 8:00 on April 12, Russia recorded 1,971 ceasefire violations by Ukrainian armed forces. The announcement also stated that prior to the ceasefire agreement taking effect, Russian forces conducted strikes on temporary deployment sites of Ukrainian armed forces and foreign mercenaries in 38 areas. Ukraine has not yet responded to these claims.

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."


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