EUR/USD 1.16779
0.009%
Gold 4519.12
-0.082%
Oil 85.923
1.998%
USD/JPY 159.051
0.570%
GBP/USD 1.36298
0.180%
GBP/JPY 216.767
0.753%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 21st, sources revealed that artificial intelligence company Anthropic is planning to bring in Citigroup as a lead underwriter for its initial public offering (IPO). If the deal goes through, Citigroup will join Morgan Stanley, Goldman Sachs, and JPMorgan Chase as lead underwriters. Anthropic may file for listing with regulators as early as the end of this month. Lead underwriter status for a large IPO not only means substantial underwriting commission income but also helps improve an investment banks ranking in the equity financing market. Citigroup currently ranks among the top IPO underwriters in the US due to its participation in SpaceXs record-breaking $86.2 billion IPO. Sources indicated that Anthropics listing preparations are still underway, and the final underwriting syndicate list may be adjusted, with the possibility of adding other investment banks.Market news: Anthropic plans to add Citigroup (CN) as the lead underwriter in its large IPO.S&P Dow Jones Indices: Upgraded Poland from an emerging market to a developed market, while maintaining Egypts emerging market classification.U.S. Treasury Secretary Bessenter: We want to return the G20 to its core mission. That mission is to explore what countries can do, what economies can do, and how we can work together to achieve better global growth. Our message to allies and trading partners is that global growth is the way to get rid of this mountain of debt.Musk: One day, Optimus and Grok will provide extraordinary medical services to everyone on Earth.

Gold Price Forecast: XAU/USD maintains rises above $1,900; downside appears bolstered by robust yields

Alina Haynes

Jan 18, 2023 14:56

255.png 

 

During the Asian session, the gold price (XAU/USD) exhibits a sideways auction profile above the round-level support of $1,900.00. The precious metal is able to maintain a price above $1,900.00. Tom Barkin, president of the Richmond Federal Reserve (Fed) Bank, made hawkish remarks that boosted US Treasury yields. However, the downside appears to be supported by the rising yields.

 

According to Fed officials, the economy has passed the inflation peak, but we are still far from the Consumer Price Index median (CPI). Therefore, a premature retreat from interest rate hikes is undesirable. 

 

Meanwhile, market volatility is increasing as risk-perceived assets lose traction. Futures on the S&P 500 have accelerated their losses, indicating that the risk-aversion theme is gaining traction. A drop in market participants' risk appetite has impacted the demand for US government bonds. This has caused 10-year US Treasury yields to rise above 3.54 percent.

 

In the future, investors will pay close attention to the United States Producer Price Index (PPI) (December) and monthly Retail Sales (December) statistics. According to estimates, the headline PPI (Dec) is anticipated to decline to 6.8%, while the core PPI is anticipated to decline to 5.9%. In addition, monthly Retail Sales statistics may indicate a 0.1% growth as opposed to the 0.6% decrease previously reported. A rise in Retail Sales statistics could increase the likelihood of a rebound in inflation estimates.


Suggestion