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A White House official said that U.S. and Russian officials discussed the next substantive steps in negotiations on the Russia-Ukraine conflict, and the plan will be released in the coming weeks.According to Axios: Gene Langer, the acting head of sanctions at the U.S. Treasury Department, accompanied Witkov and Kushner on their trip. Langer attended a preparatory meeting with Putins special envoy, Kirill Dmitriev, but did not attend the meeting with Putin. Langers participation indicates that U.S. sanctions against Russia were among the topics discussed.Conflict Status: 1. Russian forces launched a coordinated attack on multiple Ukrainian locations. 2. Zelensky: Russia attacked airports in Kyiv and Borspil before the visit of the US special envoy. 3. A Russian-appointed governor stated that in the past 24 hours, attacks by Ukraine on the Russian-controlled Luhansk region resulted in five deaths and five injuries. 4. Russia claims to have hit a cargo ship carrying military supplies provided to Ukraine by Western countries. 5. Putin ordered no attacks on Kyiv for the next three days. 6. Zelensky: Russia is prepared to abide by the agreement to cease airstrikes on cities involved in negotiations. From now until the end of Saturday, and on Sunday and Monday, Ukraine is prepared to cease airstrikes on Moscow, and we hope Russia will take the same measures on Kyiv. Peace Negotiations: 1. Russian Presidential Aide: Putin met with the US Presidential Envoy for over three hours; Russia reiterated its willingness to continue working with the US to seek a solution through political and diplomatic means. Other Developments: 1. Germany demanded that approximately 70 people from the Russian Consulate General in Bonn leave the country. 2. The Russian Deputy Foreign Minister called on the United States to consider battlefield realities in Russia-Ukraine mediation. 3. The International Atomic Energy Agency: A ceasefire has taken effect to allow for power line repairs and the restoration of external power to the Zaporizhia nuclear power plant.September 6th - As of September 6th, the latest rental price for B200 is $6.42/hour, up 0.31% daily, 5.94% weekly, and 11.65% monthly; the latest rental price for H200 is $4.55/hour, down 1.73% daily, up 2.48% weekly, and down 7.52% monthly; the latest rental price for H100 is $3.06/hour, up 5.88% daily, 6.62% weekly, and 12.50% monthly; the latest rental price for A100 is $1.09/hour, up 2.83% daily, 5.83% weekly, and 4.81% monthly; and the latest rental price for RTX5090 is $0.63/hour, unchanged from the previous day, up 18.87% weekly, and up 28.57% monthly.Market news: Libyan authorities have arrested a group suspected of attacking the countrys critical infrastructure. The group targeted oil storage tanks in Tripoli and Zawiya, as well as a power plant.

Forecast for Gold Price: XAUUSD oscillates above $1,770 as attention switches to US Retail Sales

Daniel Rogers

Nov 15, 2022 16:52

 截屏2022-09-15 下午3.06.36.png

 

During the Asian session, the gold price (XAUUSD) is fluctuating in uncharted area above the crucial barrier of $1,770.00. Amid market uncertainty preceding the US midterm elections, the precious metal has moved sideways. However, the public anticipates a decisive victory for Republicans in the House of Representatives.

 

The US dollar index (DXY) is failing to surpass the immediate barrier of 107.00 as the likelihood of the Federal Reserve (Fed) maintaining its current pace of rate hikes decline. In addition, increased demand for U.S. government bonds has caused rates to plummet. In the meantime, S&P500 futures have continued their rebound following Monday's pessimism.

 

The US Retail Sales statistics will be a focal point moving forward. According to predictions, the economic data is expected to be 0.9% compared to the previous release of 0%. The core Consumer Price Index (CPI) for the month of October decreased to 0.3% from 0.6% in the previous report. The combination of a drop in price growth and a substantial increase in retail sales shows healthy retail demand.


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