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The General Staff of the Ukrainian Armed Forces: In the past day, the Russian army lost about 1,000 soldiers, as well as 3 armored personnel carriers, 45 artillery systems and other equipment.On October 19th, Russian law enforcement revealed that Ukrainian armed forces were using a satellite system from the British company OneWeb to control unmanned boats in the Black Sea, and that a similar unmanned boat had been captured as a trophy. Sources said Ukraine was using the system as a backup communication channel for the Starlink system. "OneWeb terminals have been integrated into the maritime drone control system. Now, OneWeb is used as a backup communication channel alongside the primary system, the US Starlink," the source said. He explained that unlike Starlink, which uses thousands of low-orbit satellites, OneWeb deploys its network in medium-Earth orbit. This allows for wider coverage per satellite, but requires more complex and expensive user terminals.On October 19, a source in the Russian security department revealed that the number of mercenaries holding American passports killed by the Russian armed forces in special military operations in Ukraine has reached nearly 100. The source said: "Since the end of February 2022, about 100 American citizens fighting alongside Ukrainian militants have been killed in Ukraine." The source pointed out that obituaries of many people have been published on social networks and Ukrainian media.On October 19th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), stated in a statement that 23 models saw price reductions in September this year (compared to 36 models in the same period last year and 11 models in the same period in 2023), indicating that the current market remains relatively stable. Promotional activity for new energy vehicles remained at a mid-to-high 10.2% in September 2025, an increase of 2.6 percentage points year-on-year and a slight increase of 0.7 percentage points from the previous month. Promotional activity for traditional fuel vehicles reached 23.9% in September 2025, up 1 percentage point from the previous month and 1.9 percentage points year-on-year. The overall wholesale structure of major passenger car manufacturers continued to shift in September, with some mid-segment companies showing signs of gradual growth. Companies such as Geely Auto, Dongfeng Nissan, Xpeng Motors, Xiaomi Motors, and Leapmotor saw strong month-on-month performance. The independent brands of large state-owned groups have achieved strong growth. The independent brands of the five major state-owned groups, including SAIC, Dongfeng, Changan, Chery, and BAIC, increased by a total of 25% year-on-year in September. Among them, the second generation of independent brands of Shenlan, Lantu, Arcfox, and large groups showed strong growth.Nvidia (NVDA.O) CEO Jensen Huang will attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit in South Korea.

Gold Price Prediction: XAU/USD will ascend past $1,950 as the US Dollar and yields retreat

Alina Haynes

Mar 30, 2023 15:55

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Gold price (XAU/USD) consolidates intraday loss, the second in a run, around $1,965 on Thursday's European session as the US Dollar and Treasury bond yields struggle to defend yesterday's gains amid conflicting sentiment. With this, the precious metal recovers from its second consecutive weekly loss amid a cautious tone ahead of the most important inflation data from Europe and the United States.

 

US Dollar Index (DXY) falls from its intraday high to near 102.60, reflecting sentiment, while S&P 500 Futures struggle near a one-week high from the previous trading day. In addition, the US 10-year and 2-year Treasury bond yields lose upward momentum near 3.57 and 4.04 percent, respectively.

 

China's Premier Li Qiang's expectation that the economic situation in March will be even better than in January and February, along with Fed Chair Jerome Powell's signals of a policy reversal after one more rate hike, appear to have contributed to the recent Gold price increase.

 

However, it should be noted that the majority of central bankers defend their previous inflation bias and thus challenge Gold Buyers. In addition, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, stated on Thursday, "Urgently need faster, more efficient mechanisms for providing debt support to vulnerable countries." Her remarks revive previously alleviated banking concerns.

 

Moreover, market preparations for top-tier inflation data from Europe and the United States appear to permit the Gold price to minimize weekly losses. Nevertheless, the US fourth quarter (Q4) Core Personal Consumption Expenditure (PCE) and final prints of the fourth quarter Gross Domestic Product (GDP) can provide XAU/USD intraday traders with opportunities.