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On February 14, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference and delivered a speech and answered questions at the "China Session." When asked about Chinas role in resolving regional conflicts, particularly the Ukraine issue, Wang Yi stated that Chinas position is clear: all regional hotspots should seek political solutions through dialogue and consultation, and the same applies to the Ukraine issue. However, China is not a party to the conflict, and the decision-making power is not in Chinas hands. What we can do is to promote peace talks. We have dispatched special envoys to mediate and, through various channels, emphasized to all parties that a ceasefire should be implemented as soon as possible, and that everyone should return to the negotiating table.On February 14, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference, delivered a speech at the "China Session," and answered questions from the audience. Wang Yi emphasized that the erroneous remarks by Japanese leaders on the Taiwan issue exposed Japans undying ambition to invade and colonize Taiwan and the lingering specter of reviving militarism. Japan launched its invasion of China and attacked Pearl Harbor under the pretext of a so-called "crisis and existential crisis." The lessons of history are still fresh and must be heeded. If Japan does not repent, it will inevitably repeat the same mistakes. Good people should be vigilant. First and foremost, the Japanese people must be reminded not to be blinded and coerced by far-right forces and extremist ideologies again. All peace-loving countries should also warn Japan: if it chooses to go back to its old ways, it will only lead to its own destruction.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We and our partners will use all policy tools at our disposal to continue to hold Russia accountable.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We further express our concern that Russia has not destroyed all of its chemical weapons.The United Kingdom, Sweden, France, Germany, and the Netherlands issued a joint statement regarding the death of Alexei Navalny.

Gold Price Prediction: XAU/USD cannot consolidate over $1680 as yields continue to rise

Alina Haynes

Sep 23, 2022 12:06

截屏2022-09-20 下午12.00.01.png 

 

Gold reached a new daily high of $1685 following the start of the American session, but failed to hold above $1680 and fell to $1665. It continues to move sideways in a wide range between $1655 and $1685, hovering around $1670.

 

Despite increasing volatility, XAUUSD maintains its range. The consolidation occurs within the context of an ongoing bearish trend. A sustained recovery over $1680 might pave the way for a more significant bullish correction. In contrast, the loss of $1650 might initiate an acceleration initially targeting $1640.

 

Following the Federal Reserve's 75 basis point rate hike, US rates continue to rise on Thursday. The US 10-year yield is 3.70 percent, the highest level since February 2011, while the 2-year yield is 4.15 percent, the highest level since 2007. Higher yields are typically undesirable for gold bulls. In the current setting, negative news may be favorable for gold.

 

Earlier on Thursday, the Japanese government's involvement in the currency market depressed the dollar and aided the recovery of the XAU/USD pair. Nonetheless, the recovery was brief.