EUR/USD 1.16200
-0.118%
Gold 4087.06
-2.019%
Oil 59.748
2.053%
USD/JPY 154.527
0.003%
GBP/USD 1.31675
-0.179%
GBP/JPY 203.475
-0.156%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On November 15th, the State Administration for Market Regulation (SAMR) drafted the "Guidelines for Anti-Monopoly Compliance of Internet Platforms (Draft for Public Comment)," which was released for public comment. To help platform operators better identify anti-monopoly compliance risks and enhance the readability and vividness of the provisions, the "Guidelines," drawing on anti-monopoly regulatory enforcement experience, lists eight risks for platform operators using examples: algorithmic collusion between platforms, organizing and assisting platform operators in reaching monopoly agreements, unfair pricing by platforms, selling below cost by platforms, account blocking, "choose one of two" practices, "lowest price across the entire network," and platform discrimination. These eight risk examples provide clear indications of monopoly risks in specific scenarios for internet platforms, covering various platform operations such as data transmission, algorithm application, service pricing, search ranking, recommendation display, traffic allocation, and subsidies. Platform operators are encouraged to proactively conduct risk assessments and self-checks based on the risk examples listed in the "Guidelines" to avoid the anti-monopoly compliance risks mentioned in the examples. However, determining whether an act constitutes a monopolistic act prohibited by the Anti-Monopoly Law requires investigation, evidence collection, analysis, and argumentation based on the Anti-Monopoly Law and related regulations before a conclusion can be reached.The Dow Jones Industrial Average closed down 309.74 points, or 0.65%, at 47,147.48 on Friday, November 14; the S&P 500 closed down 3.38 points, or 0.05%, at 6,734.11; and the Nasdaq Composite closed up 30.23 points, or 0.13%, at 22,900.59.Federal Reserve Governor Milan: A December rate cut is very appropriate. Recent data strengthens the case for a rate cut.The U.S. Bureau of Economic Analysis: U.S. international trade data for goods and services for August 2025 will be released on November 19.Federal Reserves Logan: The economy is benefiting from investments related to artificial intelligence.

Forecast for the price of gold: XAU/USD hopes to reclaim $1,800 as investors lower their expectations for US inflation

Alina Haynes

Aug 10, 2022 11:29

截屏2022-06-10 下午4.40.17_1024x576.png 

 

After reaching a new monthly high at about $1,800.00 on Tuesday, the price of gold (XAU/USD) is now showing a contraction in volatility. On Tuesday, the precious metal made a respectable rise to the north before moving sideways in anticipation of the US Consumer Price Index (CPI). According to the street estimates, the inflation rate decreased considerably from the previous announcement by 40 basis points (bps) to 8.7%. The price rise index, however, is very likely to make an unexpected shift.

 

The investment community is aware that rising oil prices continued to be the key factor pushing up price pressures. Now, concerns about fixed supply and a bleak demand forecast on the oil front have caused an even greater decline in oil prices. The inflation rate will also show the multiplier effect.

 

Additionally, the positive US Nonfarm Payrolls (NFP) data from last week suggests that the inflation rate may climb more than expected. In contrast to the 372k jobs added in June, the US economy added 528k new employment in July. Well, until the dust settles for a longer period of time, officials at the Federal Reserve (Fed) will still have a difficult task.

 

Following a robust recovery from the lower part of the Rising Channel at roughly $1,765.00, gold prices are currently rising quickly. The upper part of the aforementioned chart pattern is drawn from the high of July 22 at $1,739.37, and the lower part is drawn from the low of July 27 at $1,711.55.

 

The upside filters are strengthened by the scaling higher of the 20- and 50-period Exponential Moving Averages (EMAs) at $1,785.15 and $1,772.00, respectively. Additionally, the Relative Strength Index (RSI) (14) has moved into the bullish zone of 60.00-80.00, indicating further gains are still to come.


Suggestion