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On August 20th, the Ministry of Transport held a special press conference to introduce the "Artificial Intelligence + Transportation" typical application scenario innovation action and answer reporters questions. Xu Wenqiang, Director of the Science and Technology Department of the Ministry of Transport, stated that transportation is the main artery of the national economy and also a super-real-world testing ground and main battleground for the large-scale application of artificial intelligence. In recent years, the Ministry of Transport has accelerated the deep integration of artificial intelligence and transportation.Romanias Ministry of Defense: A drone crashed into Romanian territory during Russias attack on neighboring Ukraine.At the close of the morning session, domestic futures contracts showed mixed results. Shanghai silver rose nearly 5%, platinum rose over 4%, Shanghai gold and palladium rose over 2%, rapeseed oil rose nearly 2%, and Shanghai tin, palm oil, and TSR20 rubber rose over 1%. On the downside, low-sulfur fuel oil (LU) and iron ore fell over 2%, while paraxylene, synthetic rubber, PTA, and plastics all fell by nearly 2% on average.On August 20th, a report released by JLL showed that commercial real estate investment in the Asia-Pacific region reached US$45.5 billion in the second quarter of 2026, a year-on-year increase of 38%; total investment in the first half of the year reached US$92.5 billion, a year-on-year increase of 35%. Despite challenges such as energy inflation, currency volatility, and supply chain disruptions, the Asia-Pacific region still achieved its strongest first-half transaction volume ever. In the second quarter, commercial real estate investment in mainland China reached US$4.8 billion, a year-on-year decrease of 6%, and total investment in the first half of the year reached US$8.5 billion, a year-on-year decrease of 8%, with active investment and transactions in the office building sector. The Hong Kong market continued its recovery, with total investment of US$3.1 billion in the second quarter, a significant year-on-year increase of 129%, and total investment of US$4.7 billion in the first half of the year, a year-on-year increase of 90%. JLL pointed out that despite the challenges of the macroeconomic environment, the Chinese commercial real estate investment market still showed resilience in the first half of 2026. Domestic institutions continued to dominate the market, and the liquidity of high-quality assets in core cities gradually improved.The China Earthquake Networks Center officially reported that a magnitude 3.7 earthquake occurred at 11:00 on August 20 in Fan County, Puyang City, Henan Province (35.87 degrees north latitude, 115.68 degrees east longitude), with a focal depth of 24 kilometers.

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

Alina Haynes

Mar 30, 2023 15:55

截屏2022-06-07 下午5.14.22.png 

 

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.

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