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The Russian space agency said the spacecraft brought Russian and American astronauts back to Earth after completing their space mission.Conflict situation: 1. Houthi armed forces: The air defense system shot down a US MQ-9 drone that was performing a hostile mission in the airspace of Sanaa Province. This is the second MQ-9 drone that the air defense system successfully shot down within 24 hours, and the sixth this month. 2. People familiar with the matter: Israel still does not rule out the possibility of attacking Irans nuclear facilities. 3. This round of Palestinian-Israeli conflict has caused 51,157 deaths in the Gaza Strip. 4. The Israeli army airstrike in the central Gaza Strip killed at least 23 people. Other situations: 1. Yemeni people held large-scale rallies in many places including Sanaa to protest against the frequent air strikes on civilians by the US military in recent times. 2. The Iranian Foreign Minister met with the Italian Foreign Minister to discuss the situation in the Middle East. 3. The second round of indirect negotiations between Iran and the United States on the nuclear issue ended in Rome, Italy. The Iranian Foreign Minister said that the next round of negotiations will be held on the 26th, and the expert-level technical negotiations will be held in Oman next Wednesday (23rd).Conflict situation: 1. Russian Ministry of Defense: The M-46 towed artillery squad of the "Central" group of troops destroyed a hidden stronghold of the Ukrainian armed forces in the direction of the Red Army City. 2. The Russian army controlled Shevchenko and Oleshnya in the Kursk region in eastern Ukraine. 3. Putin announced a 30-hour Easter truce. Zelensky: Not enough, it is recommended to extend the ceasefire to 30 days. 4. Zelensky: The troops continue to operate on the territory of the Kursk region and hold their positions. The troops have advanced in Belgorod and expanded the area of control. Other situations: 1. British media comments: The mineral agreement cannot "buy back peace" for Ukraine. 2. The Russian president asked the government to draw up a list of people from unfriendly countries. 3. Ukrainian officials: The mineral agreement did not discuss the issue of US aid to Ukraine being converted into debt. 4. Russian Ministry of Defense: Russia and Ukraine have completed the exchange of 246 prisoners of war. The exchange of prisoners of war between Russia and Ukraine was mediated by the UAE.On April 20, Ukrainian President Zelensky posted on social media on the 19th local time that Russia has not responded to the proposal for a 30-day full and unconditional ceasefire for 39 consecutive days. If Russia suddenly expresses its willingness to join the full and unconditional ceasefire framework at this moment, Ukraine will respond in kind - how Russia acts, Ukraine will respond in kind. If a full ceasefire is truly achieved, Ukraine proposes to extend the ceasefire until after Easter on April 20. This will test Russias true intentions, because 30 hours is not enough to establish real confidence measures, and 30 days may create an opportunity for peace. Zelensky emphasized that according to the latest battle report of the Ukrainian commander-in-chief, the Russian armys assault operations are still continuing in some areas of the front line, and its artillery fire has not stopped. The Ukrainian army is always on high alert and implements equal countermeasures, and every Russian artillery shell will be fully counterattacked.Ukrainian President Zelensky: Ukraines air defense system is repelling attacks by Russian drones, which shows Putins true attitude.

Gold Price Prediction: The XAU/USD pair remains stable near $1,750 as central bankers travel to Jackson Hole

Alina Haynes

Aug 24, 2022 15:11

 截屏2022-06-15 下午4.05.18_1024x576.png

 

Gold price (XAU/USD) ranges between $1,745 and $1,746 as traders prepare for Wednesday's European session.

 

In doing so, the shiny metal reflects the cautious disposition of the markets ahead of the US Durable Goods Orders report for July. The fact that global officials have recently left for Friday's important address at the Kansas City Fed's symposium in Jackson Hole further restrains the bullion's quick movement.

 

According to Reuters, "many of the central bankers travelling to the Grand Teton mountains this week are hopeful that the current inflationary pressures will abate swiftly enough to allow them to fight the projected economic downturns around the world."

 

Notably, the decline in US 10-year Treasury yields, near 3.03% and down 2.5 basis points (bps), also benefits the gold price. In contrast, economic concerns surrounding China, the world's largest consumer of commodities, impact on the XAU/USD exchange rate. Bloomberg reported that "authorities have been attempting to put a floor under a downturn caused by China's widening real estate crisis as well as a lingering impact to consumer and business mood caused by a stop-and-go Covid control plan."

 

Stock futures remain moderately offered as the US Dollar Index (DXY) oscillates near the intraday high after reversing from the yearly peak the day before.

 

US Durable Goods Orders for July, anticipated to be 0.6% versus 2.0% previously, will be crucial for intraday direction. However, Friday's statement by Fed Chairman Jerome Powell at the Kansas City Fed's conference in Jackson Hole deserves significant consideration. If authorities see recession as a greater risk than inflation and demonstrate a willingness to reverse the previously hawkish tilt, the XAU/USD could see additional gains.


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