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On January 10, international oil prices rose sharply by more than 3% today as traders focused on potential supply disruptions and expectations of increased demand due to lower temperatures. Supported by the prospect of tougher U.S. sanctions on Russia and Iran and a decline in Russian seaborne exports, U.S. and Brent crude futures are expected to achieve weekly gains of 2.7% and 3.2%, respectively. "The United States is expected to announce more sanctions against Russia in the coming days, which will exacerbate the continued slowdown in Russian crude oil exports," said analysts at DNB Markets. According to market observers, Western sanctions on Russias shadow fleet have already led to a decline in exports.On January 10th, U.S. and Brent crude oil prices continued to rise, with the intraday increase expanding to 3.00%, and are now trading at US$75.93 per barrel and US$79.25 per barrel respectively.After the financial report data was released, Delta Air Lines (DAL.N)s pre-market gains in U.S. stocks expanded to 3.7%.January 10, according to the Financial Times, Trump postponed his campaign promise to end the Russian-Ukrainian conflict within "24 hours" to a few months, and the United States European partners believe that this shows that the United States will not immediately abandon its support for Ukraine. Two European officials said that discussions with Trumps incoming team in recent weeks showed that they have not yet decided how to resolve the conflict, and support for Ukraine will continue after the inauguration on January 20. One of the officials said: "The whole (Trump) team is obsessed with showing its strength and power, so they are re-adjusting their strategy towards Ukraine." The Trump camp does not want people to compare them with the "disastrous" withdrawal from Afghanistan during the Biden administration. On the other hand, Russian sources said that Putins main goal in any negotiations is to reach a new security agreement to ensure that Ukraine will never join NATO and let the US-led military alliance withdraw some military deployments in the east (Ukraine).Deutsche Bank has adjusted its bonus system to emphasize metrics such as teamwork.

Gold Price Prediction: XAUUSD will acquire bullish momentum if the Fed rejects a September rate rise

Alina Haynes

Jun 13, 2022 15:37

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On Monday, gold reached a fresh five-week high of $1,879 before retreating. On Wednesday of this week, the Federal Reserve is expected to make a decision. According to the research, the yellow metal might acquire positive momentum if Chairman Jerome Powell opposes a rate rise in September.

Fed is in the spotlight this week

"It is largely anticipated that the Fed would increase its policy rate by 50 basis points to the range of 1.25 percent to 1.5 percent." It shouldn't come as a surprise if the Fed opts for another 50-basis-point rate hike in July.

 

"The primary issue is whether the Federal Reserve will halt rate rises in September. If the Fed or FOMC Chairman Jerome Powell opposes a rate rise in September, this might be interpreted as dovish signaling and lead to a decrease in US Treasury bond rates. In such a case, gold will certainly gain upward momentum. Alternatively, if the Fed keeps the door open for another rate hike in September, the dollar should continue to outperform its competitors and weigh on XAUUSD.

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