EUR/USD 1.16200
-0.118%
Gold 4087.06
-2.019%
Oil 59.748
2.053%
USD/JPY 154.527
0.003%
GBP/USD 1.31675
-0.179%
GBP/JPY 203.475
-0.156%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Russian Ministry of Defense reported that a military airport and energy facility in Ukraine, associated with the defense industry, was attacked.The Russian Ministry of Defense stated that 247 Ukrainian drones were shot down in the past 24 hours.On November 15th, the Russian Ministry of Defense reported the latest developments in a special military operation: The Russian Eastern Army liberated the village of Yablokovo in Zaporizhzhia Oblast, inflicting casualties on the Ukrainian army, including up to 265 losses. Previously, reports indicated that the Russian Armed Forces had advanced, reducing the distance between their forward positions and the Gulyaipole-Kashmir (Pokrovsk in Ukrainian)-Dnipropetrovsk highway to 9-9.5 kilometers. This distance allows for the use of FPV drones to conduct partial fire control on adjacent sections of the highway, potentially severely hindering logistical support for the enemys Gulyaipole garrison. The Russian Southern Army captured more advantageous positions within a day, inflicting up to 230 casualties on the Ukrainian army. The Russian Northern Army also captured more advantageous positions within a day, eliminating 210 Ukrainian soldiers. The Russian Central Army continued its advance into enemy territory within a day, inflicting up to 495 casualties on the Ukrainian army. The Russian "Western" Army Group improved the situation on the front lines in one day, while the Ukrainian army suffered as many as 220 casualties. The Russian "Dnepr" Army Group also improved its tactical situation in one day, while the Ukrainian army suffered as many as 85 casualties and one tank.Russian Defense Ministry: Russian troops have taken control of Yablukove in the Zaporizhzhia region of Ukraine.On November 15th, Andhra Pradesh Chief Minister Naidu stated that Google (GOOG.O) plans to build a data center in the state with an initial investment of $15 billion, with additional investment expected after five years. Naidu stated that the cost-effectiveness of data center power consumption is significant, and Andhra Pradesh has the potential to become a global data center hub. Speaking about Googles plans, Naidu said, "Investing $15 billion over five years is a win-win situation." He added that Andhra Pradesh has committed to helping companies like Reliance Industries build a data center with a total capacity of 5.5 gigawatts. He indicated that this will be done in conjunction with plans to increase green energy production. Naidu said, "The cost-effectiveness of data flow is higher than the power consumption. This is the key to changing the situation. Now everyone is coming to Andhra Pradesh." Google announced last month that it will build a data center in Visakhapatnam connected to renewable energy and fiber optic networks. Indian billionaire Gautam Adani stated that his company, AdaniConneX, will collaborate with Google and Bharti Airtel, Indias second-largest wireless operator, on this project.

Gold Price Prediction: XAU/USD oscillates about $1,650 as DXY recovers recent losses

Alina Haynes

Oct 25, 2022 15:24

 截屏2022-09-23 下午2.30.52.png

 

Gold price (XAU/USD) is indecisive while rebounding from intraday lows to $1,650 ahead of Tuesday's European session.

 

Nevertheless, the yellow metal attracted purchasers earlier in the day due to a weaker U.S. dollar, but the currency's recent resurgence looks to have weighed on the price recently. It should be mentioned that unfavorable concerns regarding China, one of the world's largest gold consumers, have recently posed a threat to the pricing of precious metals.

 

In the absence of Fed-speak, the US Dollar Index (DXY) gains bids to reclaim the 112.00 mark while trimming its first weekly loss in three weeks. It should be emphasized that the Fed's aggressive rhetoric and weak US PMIs also support the DXY's safe-haven appeal.

 

China's efforts to protect its struggling economy and worldwide pessimism regarding Xi Jinping's third term, not to mention Hang Seng's decline to a 13-year low, impose downward pressure on market mood and the XAU/USD exchange rate.

 

US 10-year Treasury rates continue under pressure around 4.21 percent, down two basis points (bps), while US stock futures and Asia-Pacific markets are moderately bid.

 

Moving forward, second-tier US Housing data and Consumer Confidence indicators may delight gold speculators before Thursday's third-quarter US Gross Domestic Product report (Q3).

Suggestion