EUR/USD 1.16299
0.136%
Gold 4413.03
-0.490%
Oil 90.934
1.682%
USD/JPY 154.262
-1.262%
GBP/USD 1.35430
0.183%
GBP/JPY 208.922
-1.081%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
1. Shipping authorities and commodity traders said on Monday that the Rhine River in Germany has seen its water level drop again due to the ongoing drought, forcing cargo ships to reduce their loads once more. However, the current level remains well above the record low reached in August. The Rhine is a vital transport route for grains, minerals, coal, and refined petroleum products. 2. Consulting firm AgRural reported that with the end of the soybean planting ban and favorable rainfall, some areas in Paraná state, Brazil, have begun planting, marking the official start of the 2026/27 soybean planting season. As of last Thursday, the planted soybean area in Brazil accounted for 0.05% of the estimated total area, compared to 0.02% at the same time last year. In Brazils south-central region, the first quarterly corn planting area for the 2026/27 season reached 17% of the estimated total area, up from 11% the previous week and 12% at the same time last year. 3. Thailands sugar production for the 2026/27 season is expected to decline significantly due to drought. Executives at Thai sugar mills stated that sugar production in Thailand may fall below 10 million tons in the 2026/27 crushing season, which begins in October, a decrease of at least 17% compared to the approximately 12 million tons produced in the previous season. The El Niño phenomenon continues to intensify, and Thailand is facing insufficient rainfall in some major producing areas. The northeastern region, which accounts for about 45% of the countrys total sugar production, has received significantly less rainfall this year than other producing areas. 4. According to Mysteels survey of 15 sample projects in Indonesia, Indonesias nickel matte production in August 2026 was 28,600 tons, a decrease of 8.62% month-on-month and 2.31% year-on-year; of which 23,300 tons were high-grade nickel matte and 5,300 tons were low-grade nickel matte (excluding those that have already increased in quality). 5. Ukraine stated that it launched overnight attacks on oil processing facilities in Russias Perm region and Tatarstan, resuming attacks after a US special envoy visited Moscow last weekend. Ukrainian President Zelensky stated that long-range forces were used to strike refineries in the Perm region and Tatarstan, but did not provide further details. 6. The Baltic Dry Index (BDI) fell, ending a three-day winning streak, due to weaker freight rates for Capesize and Panamax vessels. The BDI dropped 53 points, or 1.4%, to 3575 points.Turkish President: The bill for Israels wars in the region is not only paid by Iran and the Gulf states, but shared by everyone.On September 7, Rezaei, secretary of Irans Supreme National Security Council, said in an interview with Irans Press TV on September 6 that Iran test-fired a new anti-ship missile over a US warship 48 hours earlier.September 7th - According to sources from the Houthi rebels in Yemen, Saudi warplanes launched airstrikes on the Hazim region of Yemens Jawf province on September 7th, local time. As of now, there has been no response from Saudi Arabia.On September 7th, Zhiyuan Holdings (00990.HK) announced in Hong Kong that its Artificial Intelligence Data Center (AIDC) project officially received approval from the Malaysian Ministry of Investment, Trade and Industry (MITI) on September 7th, 2026, marking a significant milestone for the project. This approval comes with certain water and electricity infrastructure requirements, which the team is actively working to implement. This approval signifies that the AIDC project has entered an accelerated deployment phase. The companys management will expedite all aspects of the work, striving for the project to commence construction and be operational as soon as possible.

Forecast for the price of gold: XAU/USD eases below the $1,804 barrier as Fed hawks back off due to weaker US inflation

Alina Haynes

Aug 11, 2022 11:58

 截屏2022-08-10 上午11.45.08_1024x576.png

 

US inflation-driven gains in the price of gold (XAU/USD) are fading as the metal declines to $1,790 on Thursday during the opening Tokyo session. The recent decline in the price of precious metals may be related to conflicting worries about the US Federal Reserve's (Fed) upcoming actions as well as Sino-American friction.

 

On Wednesday, the US Consumer Price Index (CPI) fell to 8.5% YoY in July, below the 8.7% consensus and the 9.1% reading from June. According to Reuters, US President Joe Biden stated on Wednesday that there are some indications that inflation may be decreasing after the US released its inflation data. In the coming months, there may be more challenges for us to overcome, Biden continued. US President Biden continues, "We still have work to do, but we're on track."

 

Following the CPI report on Wednesday, traders of futures linked to the Fed's benchmark interest rate reduced their bets on a third consecutive 75-basis-point raise at its policy meeting on September 20-21 and now see a half-point increase as the most likely scenario, according to Reuters.

 

Neel Kashkari, president of the Minneapolis Fed, recently stated that the Fed is "far, far away from declaring success" on inflation. Additionally, the decision-maker stated that he hasn't "seen anything that changes" the need for the Fed to raise its policy rate to 3.9% by year's end and to 4.4% by the end of 2023. Charles Evans, president of the Chicago Fed, said in another place that a recession would likely require unfavorable circumstances to occur. Also labeling inflation "unacceptably" high, Fed's Evans

 

Additionally, according to sources cited by Reuters, US President Biden is reconsidering his China tariff policy in light of Taiwan's response, which put the XAU/USD bulls on the defensive.

 

S&P 500 Futures print modest gains near 4,220 by press time against this backdrop after Wall Street rose and US Treasury yields were largely unchanged the day prior.

 

Moving on, the monthly Producer Price Index (PPI) for July and the weekly US Jobless Claims numbers may amuse gold traders. However, in light of recent risk-negative headlines, special focus should be placed on the qualitative variables.

Suggestion