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Canadian Prime Minister Carney: Allies will increase support for Ukraine.Russia launched a wave of missile attacks on Ukrainian cities hours before Ukrainian President Volodymyr Zelenskyy was due to hold peace talks with US President Donald Trump.On August 18, Air Canada issued a statement on its website saying it has suspended its plan to gradually resume operations and canceled all flights because the Canadian Union of Public Service Employees (CUPE) illegally instructed flight attendants not to return to work. All Air Canada and Air Canada Rouge flights have been canceled until further notice, and passengers are urged not to go to the airport unless they have confirmed tickets on another airline.French President Emmanuel Macron stated on August 18th, following a meeting of the "Coalition of the Willing," that Russia, through its peace proposals, is demanding Ukraines surrender. "I dont believe Putin wants peace," Macron told reporters. "I believe he wants Ukraine to surrender." Macron will meet with US President Donald Trump and other European leaders, including Volodymyr Zelensky, on August 18th.On August 18, Syrian leader Shahrah said his country hopes to avoid military conflict with US-backed Kurdish forces if efforts to integrate Syrias northeastern autonomous administration into state structures fail. He said Kurdish leaders had expressed their readiness to reach a landmark agreement in March that would bring Kurdish-controlled areas under state jurisdiction. But he warned that ground operations suggest otherwise. Shahrah said Turkey and Washington, the main powers supporting the integration of Syrias oil-rich northeastern region into Syria, hope to resolve the issue peacefully.

Gold Price Forecast: XAU/USD crashes below $1,840 as geopolitical worries damper market mood

Alina Haynes

Feb 20, 2023 11:13

截屏2022-06-07 下午5.14.07.png 

 

Gold price (XAU/USD) has slid to about $1,837.90 after giving a negative break of the consolidation created in a limited range of around $1,844.00 in the Asian session. The precious metal has been given amid growing geopolitical tensions between the United States and China and the launch of rockets from North Korea near Japan’s Exclusive Economic Zone (EEZ).

 

Investors should brace for wild volatility as the equity markets in the United States will stay closed on Monday owing to Presidents’ Day. Nevertheless, S&P500 futures have slid further amid increased forecasts of the continuation of the restrictive policy stance by the Federal Reserve (Fed), presenting a decline in the risk-aversion theme.

 

The US Dollar Index (DXY) has risen over 103.70 as investors are increasingly anxious that the higher-than-anticipated US Consumer Price Index (CPI), Producers Price Index (PPI), and monthly Retail Sales data have prompted the possibility of a comeback in the inflationary pressures.

 

Fed Governor Michelle Bowman stated on Friday that they are seeing a lot of conflicting data in economic conditions. He further noted, the Fed has “A long way to go to get inflation back down to our goal."


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