EUR/USD 1.16116
0.122%
Gold 4480.28
1.036%
Oil 91.221
-3.106%
USD/JPY 160.009
-0.042%
GBP/USD 1.34230
0.048%
GBP/JPY 214.785
0.007%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 5th, local time, Ukrainian President Volodymyr Zelenskyy sent an open letter to Russian President Vladimir Putin on June 4th, proposing a direct meeting between the two leaders to "promote an end to the conflict through fair and dignified means and to build a practical and effective security guarantee mechanism." The letter stated that Ukraine has no intention of allowing the conflict to continue indefinitely and has proactively proposed a ceasefire negotiation plan. Regarding the meeting and negotiation process, Ukraine proposed that Ukraine and Russia first conduct direct consultations, followed by the participation of relevant parties such as the United States and Europe, to support the subsequent establishment of a security guarantee system. Zelenskyy stated in the letter that Ukraine is ready for negotiations, willing to implement a comprehensive ceasefire during the negotiation process, and adhering to the principle of "all for all," to conduct prisoner exchanges with Russia and fully cooperate in advancing peace negotiations. Russian Presidential Press Secretary Dmitry Peskov responded that Putin has not yet seen Zelenskyys open letter.According to Politico, the Pentagon may cancel its plan to sell missiles to Germany due to concerns about Russia.Moodys ratings said that Alphabets $84 billion equity financing is a positive factor for its credit rating.On June 5th, U.S. Treasury Secretary Bessenter stated that future exemptions allowing countries to purchase oil from Russia might be granted on a country-by-country basis, rather than a blanket approach. Testifying before the House Ways and Means Committee on Thursday, Bessenter said, "I strongly believe that if there are further exemptions, they will be targeted at specific countries, not a blanket approach. The additional revenue Russia would gain from these exemptions would be negligible."US President Trump: Pledges to take historic action to lower energy prices.

Gold Price Prediction: XAU/USD surges above $2,010 as Fed policymakers anticipate a rapid decline in US Inflation

Daniel Rogers

Apr 12, 2023 13:41

截屏2023-04-06 下午4.26.46_1024x576.png

 

In the Asian session, the price of gold (XAU / USD) made a swift advance above the critical resistance of $2,010.00. The price of gold has risen above $2,013, as the US Dollar Index continues to weaken. (DXY). The USD Index has fallen to approximately 102.05 and is anticipated to accelerate its decline. Federal Reserve (Fed) policymakers anticipate a rapid deceleration in U.S. inflation, which has a negative influence on the USD Index.

 

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, stated, "I am monitoring the data to determine if additional action on inflation is necessary." In addition, the president of the Minneapolis Fed Bank, Neel Kashkari, anticipates that inflation will be in the middle 3 percent by the end of this year and will be closer to 2 percent the following year.

 

Austan Goolsbee, president of the Chicago Fed, advocated a cautious approach in light of the fact that the confluence of constrained credit conditions and further restrictive monetary policy can impact sectors and regions differently than if monetary policy acted alone.

 

As the last inflation data before the Federal Reserve's scheduled interest rate decision in the first week of May, the US inflation data released on Wednesday will be closely monitored.

 

In addition, the Fed minutes will be scrutinized as they will provide a detailed explanation of the 25 basis point (bps) rate hike in March.

 

The demand for US government bonds appears to be subdued prior to the release of US inflation data. The yield on 10-year US Treasury bonds fluctuates around 3.43 percent.


Suggestion