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On March 13, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held a telephone conversation with Afghan Foreign Minister Mutaqi at the latters request. Wang Yi stated that the more turbulent the external environment, the more regional countries should strengthen unity and cooperation to overcome difficulties and forge a path of cooperative and shared security. Afghanistan and Pakistan are inseparable brothers and neighbors that cannot be moved. Issues between the two countries can only be resolved through dialogue and consultation. Force will only complicate the situation, exacerbate conflicts, and benefit neither side, while also threatening regional peace and stability. China has always maintained an objective and impartial stance on the Afghan-Pakistani conflict. Chinas Special Envoy for Afghan Affairs is currently mediating between the two countries, hoping that both sides will remain calm and restrained, engage in face-to-face exchanges as soon as possible, achieve a ceasefire quickly, and resolve differences through dialogue. China is willing to continue making positive efforts to achieve reconciliation and ease tensions between Afghanistan and Pakistan. The two sides also exchanged views on the situation in Iran. Wang Yi reiterated Chinas principled position, stating that China is willing to work with the international community, including Afghanistan, to continue playing a constructive role in striving for peace.According to the Wall Street Journal, the amphibious assault ship USS Tripoli, based in Japan, and its accompanying marines are en route to the Middle East. Officials say marines are already in the Middle East supporting operations against Iran.On March 13, US President Donald Trump stated that the US is "surveilling" Iranians residing in Iran due to concerns about potential domestic terrorism threats amid the ongoing war with Iran. In a Fox News interview aired Friday, Trump said, "Were watching them very, very closely. Theyre all under our surveillance right now." Trump stated that over 1,700 Iranians illegally entered the US during the previous administration. When asked if the US was prepared to take action against the infiltrators, Trump said such actions would be conducted "lawfully and very cautiously." Trump said, "You have to be cautious in many ways because there are also many good people." Trump did not specify any concrete threat posed by Iranians within the US. However, since the US-Israel war against Iran began, law enforcement agencies have been on high alert in recent days to prevent potential attacks.A Reuters poll of 17 analysts showed that the Czech central bank expects to keep its benchmark interest rate at 3.50% at its meeting on March 19.Barclays: We expect the Federal Reserve to cut interest rates by 25 basis points each in September 2026 and March 2027, compared with previous forecasts of rate cuts in June and September of this year.

Gold Price Prediction: XAU / USD will continue to fluctuate above $1,900 despite a decline in US Inflation

Daniel Rogers

Mar 15, 2023 11:43

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Gold price (XAU / USD) is not in danger despite U.S. inflation figures meeting expectations. Since Monday, the precious metal has been fluctuating continuously between $1,895 and $1,913. The release of the US Consumer Price Index (CPI) failed to produce a significant reaction in the Gold price; however, the upside bias appears to be solidified as wagers on lesser rate increases from the Federal Reserve (Fed) have increased.

 

The US Dollar Index (DXY) is protecting the critical support at 103.50, but it appears vulnerable to further losses as investors' risk appetite has dramatically increased. As market participants purchased S&P500 futures in response to higher odds of a smaller rate hike from Fed chair Jerome Powell, a likely recession in the US economy was postponed, signaling an uptick in optimism.

 

Contrary to the risk-on sentiment, demand for US Treasury bonds remained weak, causing 10-year US Treasury yields to rise above 3.68 percent.

 

The headline As anticipated, the US CPI increased by 0.4% on a monthly basis, and the annual figure decreased from 6.4% to 6.0%. In addition, the core CPI, which excludes crude and food prices, decreased to 5.5% from 5.6% previously. The Fed appears to be pleased with the persistence of a declining trend in US inflation.

 

In the future, investors will closely monitor the US Retail Sales (Feb) data. Monthly Retail Sales data is anticipated to decline by 0.3% compared to the previous release of a 3.0% increase. This indicates that the consumer spending rebound is over and the Fed is on course to achieve its inflation target of 2%.

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