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On April 6, local time, British Prime Minister Starmer said that with the so-called "reciprocal tariffs" of the United States taking effect, "the world we know is no longer there". He will continue to push for an economic agreement with the United States to avoid some tariffs. In addition, he also said that the British government "is ready to use industrial policies to help British companies avoid the storm". Starmer said that the UK will work to strengthen alliances with other countries and cut trade barriers to reduce the impact of "global market shocks" on the UK.According to China Nuclear Engineering, at 4:06 on April 6, 2025, the No. 2 unit of Zhangzhou Nuclear Power Plant, which was contracted by China Nuclear Engineering, had its first non-nuclear steam start-up and rose to the rated speed of 1500rpm and ran stably. At 6:34, the unit reached the cranking speed and the cranking was automatically engaged. After the main control DCS data monitoring and on-site equipment status review, key parameters including bearing vibration, bearing temperature, eccentricity, etc. all met the design and acceptance standards, and the non-nuclear steam start-up of the steam turbine generator set was a complete success.April 6: Germany has stored more than 1,200 tons of gold reserves in the vaults of the Federal Reserve Bank of the United States for decades, with a total value of hundreds of billions of euros at current prices. According to recent reports from media in Germany, the United Kingdom and other Western countries, Germany is considering withdrawing its gold reserves from the United States due to the uncertain economic policies of the current US government. Analysts pointed out that if Germany withdraws its gold reserves from the United States, it means that the security and credibility of the Federal Reserve will be questioned, which may trigger a chain reaction: as geopolitical tensions intensify, more countries will withdraw their gold reserves stored in the United States. In the current situation of the United States "tariff war" and the tightening of US-German trade relations, Germanys potential move to "withdraw its gold reserves" will also intensify economic frictions between the two sides.Qatar set the official selling price of seaborne crude oil in May at a premium of $0.60 per barrel over the Oman/Dubai benchmark price; the official selling price of onshore crude oil was set at a premium of $0.50 per barrel over the Oman/Dubai benchmark price.On April 6, Hongmeng Zhixing announced that the cumulative pre-orders for the M8 model exceeded 100,000 units. It is understood that the M8 opened for pre-order on March 6, with a pre-sale price starting at 368,000 yuan, and will be launched in mid-April.

Forecast for Gold Price: XAU/USD seeks another run above $1,825 despite USD recovery

Alina Haynes

Jan 03, 2023 15:14

Gold price is nearing six-month highs while maintaining gains above the major resistance level of $1,825 thus far on Tuesday. The gold price is continuing its recent increase at the start of 2023, despite the general strengthening of the US dollar.

 

Concerns about a probable global economic slowdown, China's covid comeback, and rising inflation are dragging on market mood, hence pushing demand for the traditional safe-haven Gold price. Expectations that the US Federal Reserve (Fed) would continue its tightening cycle this year to combat rising inflation maintain investor mood generally negative.

 

The risk-off movements are also assisting the US Dollar in finding a floor, limiting the precious metal's advance. In addition, US Treasury bond yields ended the final week of 2022 on a positive note, reducing the Gold price's ability to rise.

 

The S&P Global Manufacturing PMI for December, the first relevant US economic data to be issued this year, will provide additional trade impetus. In addition, markets will closely watch the Wall Street opening for further risk sentiment indicators.