EUR/USD 1.16783
0.003%
Gold 4616.86
2.163%
Oil 86.290
0.427%
USD/JPY 158.995
-0.035%
GBP/USD 1.36466
0.123%
GBP/JPY 216.979
0.098%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 23, Zhaojin Mining announced that its revenue for the first half of 2026 was RMB 9.022 billion, an increase of approximately 29.38% year-on-year; profit attributable to shareholders of the parent company was RMB 1.578 billion, an increase of approximately 9.61% year-on-year; net profit was RMB 2.105 billion, an increase of approximately 18.50% year-on-year; basic and diluted earnings per share were RMB 0.42, an increase of approximately 10.75% year-on-year. The board of directors does not recommend the payment of an interim dividend.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.3 occurred at 18:04 on August 23 near Tashkurgan County, Kashgar Prefecture, Xinjiang (36.96 degrees north latitude, 74.89 degrees east longitude). The final result is subject to the official rapid report.According to the Financial Times, Italian oil company Eni is betting that nuclear fusion will become its "next refinery".On August 23, two slope collapses occurred in Fengshan Town, Fengqing County, Lincang City, Yunnan Province, leaving four people missing. The Ministry of Natural Resources activated a Level IV emergency response for geological disaster prevention in Yunnan at 2 PM on the 23rd and dispatched a working group to the site to guide rescue and relief efforts.On August 23, Galaxy Securities stated that in the short term, the index will continue to fluctuate due to overseas volatility and stock structure disturbances, and the game and rebalancing between sectors will continue. However, external shocks are more of a phased disturbance, and the domestic policy signals and the logic of the main industry line have not been shaken. Looking ahead to the second half of the third quarter, the market will mainly be structural rotation and repair. It is recommended to focus on the policy line and the direction of economic verification to seize structural opportunities. Next week, pay attention to the following events: (1) Overseas macro pricing, the second valuation of the US second quarter GDP, the core PCE in July and the speech of the chairman of the Jackson Hole Annual Meeting will be released one after another; (2) Technology company performance verification, Nvidias financial report is an important indicator for observing the continued expectation of global AI capital expenditure; (3) The disclosure of A-share interim reports is about to end, which may become an important window for the concentrated release of individual stock alpha. The industrial enterprise profit data to be released next week will provide a total scale for profit recovery; (4) At the industry level, pay attention to the 2026 Wenchang International Aviation and Aerospace Forum, etc.

Gold Is at Risk As Treasury Rates Rise in Response to Powell's Efforts

Aria Thomas

Apr 02, 2022 09:52

G1.png


This environment may appear in two ways, both of which result in a lower gold price. Fixed interest assets' higher and growing nominal rates of return make them a more attractive alternative to non-yielding assets such as gold.


Second, if the Fed is regarded to be sincere in its efforts to lower gold price, market-priced inflation may decline. This results in an increase in the actual rate of return on debt investments. The real return is calculated by subtracting the nominal rate from the inflation rate over the same period.


As seen in the figure below, gold's recent gain corresponded with an increase in market-priced ten-year breakeven inflation. This resulted in a decline in ten-year real yields.


Following that gold high, the ten-year breakeven rate stayed reasonably stable, while nominal yields increased, raising real yields at the same time that gold plummeted.


If the Fed continues to see the necessity for rapid rate hikes, this might further damage gold.


The outlier to this view is the unknown effects of Russia's invasion of Ukraine, necessitating a deeper examination of the price action.


Gold, ten-year nominal US Treasury note, ten-year nominal US Treasury note inflation, and ten-year nominal US Treasury note real yield

Gold technical analysis

A double top and a head and shoulders configuration are also possible.


Gold reached an all-time high of 2,075.14 ounces in July 2020. Earlier this month, the price attempted but failed to reach it, instead reaching a height of 2,070.42, forming a double top. This inability to break higher may be seen as a negative indication.


A bearish head and shoulders pattern is developing, and a breach below the neckline might confirm it.


Risk management approaches are always critical and must be thoroughly examined.


This information was compiled by DailyFX, a Top 1 Markets partner site that provides premier currency news and analysis. This material is generic in nature and is not meant to influence anyone's investment or financial product choices.


The information on this website is not a record of trade prices, nor is it an offer or solicitation to buy or sell any financial instrument. Top 1 Markets disclaims all liability for any use of these remarks and any resulting consequences. This material is provided "as is" with no guarantee or assurance as to its accuracy or completeness. As a result, anybody acting on it does so at their own risk.

Suggestion