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According to Irans Tasnim News Agency, Iran has received "some indication" that the United States is preparing to lift the blockade.April 22 - According to Irans Tasnim News Agency, Iran stated that it has taken maritime law enforcement action against a container ship that ignored warnings. This comes after the UK-based Maritime Trade Operations Centre reported that Iranian armed forces opened fire on a container ship that ignored multiple warnings, causing significant damage to the vessel.April 22 – Shanghai Customs reported that Pudong New Areas foreign trade achieved a strong start in the first quarter of this year, with total import and export value reaching 795.27 billion yuan, a year-on-year increase of 32.8%, setting a new historical record for quarterly import and export volume. Exports reached 314.62 billion yuan, up 25.7%; imports reached 480.65 billion yuan, up 37.9%. Exports of high-end and green products were driven by both sectors. Pudong New Areas high-end equipment manufacturing industry adhered to innovation-driven development, with products selling well globally. In the first quarter, exports of shipbuilding and marine engineering equipment and ship-to-shore cranes reached 9.37 billion yuan and 5.02 billion yuan respectively, representing increases of 93.9% and 100%. The artificial intelligence industry is booming, with industrial robot exports reaching 440 million yuan, up 67.1%; exports of intelligent bionic robots with a separate tariff code this year reached 47.342 million yuan, accounting for more than 20% of the national total. Exports of the "new three pillars" representing green and low-carbon technologies and wind turbine generator sets increased by 120% and 400% respectively.April 22 – The Third High-Level Meeting of the Global Forum on Shared Development Actions was held in Beijing. Wang Yi, Member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Foreign Affairs Commission, attended the opening ceremony and delivered a speech. Wang Yi emphasized that China is willing to work with all parties to leverage the implementation of global development initiatives as a platform to pool broad development resources, build a solid foundation for development, adhere to the path of peaceful development, create an open development environment, and continuously move towards the lofty goal of building a community with a shared future for mankind. China will take proactive measures, deepen cooperation, and always act as a promoter and contributor to global development, working with all parties to create a new landscape for global development through pragmatic actions.On April 22nd, Kuaishou (01024.HK) announced at its 618 Merchant Conference that its 618 promotion will launch in early May, divided into five phases: pre-sale period, opening day, themed days, category days, and closing day, lasting until mid-to-late June. During this promotion, the platform will utilize AI intelligent models to assist merchants in diagnosing operational issues and providing targeted business guidance.

Gold Price Prediction: The XAU/USD will meet resistance around $1,875 as the USD Index strives to recover

Alina Haynes

Feb 07, 2023 15:44

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In the Asian session, the price of gold (XAU/USD) is under pressure to extend its recovery over the important resistance of $1,875.00. After correcting to near 103.10, the US Dollar Index (DXY) has tried a recovery, which has prompted selling interest in precious metals. Investors anticipate a volatile performance from the USD Index as they await fresh impetus from Federal Reserve (Fed) head Jerome Powell's speech.

 

The USD Index (DXY) was projected to exhibit signs of volatility shrinkage following a three-day winning streak following the release of massive United States Nonfarm Payrolls (NFP) data. After a wild ride, the USD Index bulls are weary, but the bullish bias remains intact. S&P500 futures are maintaining the modest gains made during the Asian session.

 

In light of the recent improvement in the U.S. labor market, the forthcoming speech of Fed chairman Jerome Powell has taken on greater significance. After noticing a significant decrease in inflation, the market began to anticipate a pause in the Fed's policy tightening cycle. Nonetheless, the optimistic job report for January suggests that the fight against inflation still has considerable steam.