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Salesforce (CRM.N) expands Agentforce with a new series of AI agents.Futures Market Summary | Friday, September 11th, CCTV News Highlights: 1. Implementing global development initiatives to gather strength for development and revitalization. 2. Li Qiang chaired an executive meeting of the State Council: further improving computing infrastructure, strengthening the monitoring and scheduling of computing resources, and constructing backbone fiber optic networks. 3. Li Qiang signed a State Council decree promulgating the "Regulations on Market Supervision and Management Offices". 4. Zhao Leji held talks with the Speaker of the National Assembly of Angola. 5. Wang Huning met with the Speaker of the National Assembly of Angola. 6. Ding Xuexiang attended and addressed the opening ceremony of the 16th APEC Energy Ministers Meeting. 7. A special briefing session on "The Story of the Communist Party of China—The Practice of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era in Shaanxi" was held. 8. The index rebounded month-on-month, and e-commerce logistics vitality improved. 9. my country officially implemented the data property rights registration system. 10. The 26th China International Fair for Investment and Trade achieved fruitful results. 11. Requirements for cost accounting of important industrial products were clarified to rectify disorderly competition at low prices. 12. my country has built more than 5,600 green mines at the provincial level or above. 13. Overseas anti-monopoly compliance service platform officially launched. 14. The Xiongan Digital Trade Innovation and Development Conference of the 2026 China International Fair for Trade in Services (CIFTIS) opened. 15. Pooling efforts to promote high-quality development of BRICS cooperation—international figures eagerly anticipate President Xi Jinpings attendance at the 18th BRICS Summit. 16. Houthi rebels in Yemen seize strategic location in the Red Sea. 17. Iran claims to have destroyed a US drone; the US denies damage to its fighter jet. 18. Israeli forces use large quantities of explosives to destroy underground facilities in southern Lebanon. 19. The torch for Africas first Olympic Games departs from Athens.The Indian Ministry of External Affairs announced that Modi will visit Russia.Ukrainian President Zelensky: Russias upgraded attacks using the Shahed drone are becoming increasingly terrifying. Today, the Russians deliberately attacked a gas station in Kyiv.September 11 - Shipping data released by industry sources on Friday showed that Russian seaborne grain exports fell 61.9% year-on-year in August to 2 million metric tons, mainly due to a decline in shipments via the Azov-Black Sea basin. In recent weeks, Russia and Ukraine have significantly escalated attacks on each others shipping routes. Following a drone attack, Russian authorities suspended navigation in the Sea of Azov in early July, and an attack on August 12 brought loading operations to a halt at a key terminal in Novorossiysk, Russias largest Black Sea port. As a result, seaborne grain exports for the first two months of the 2026/27 marketing year fell by nearly half to 4.2 million metric tons from 8 million metric tons in July-August of the previous quarter. Data showed that exports via Azov and Black Sea ports fell 73.1% year-on-year to 1.3 million metric tons in August. Russian grain exporters are seeking alternative routes, including Baltic ports, but capacity at terminals in northwestern Russia remains limited. Data showed that grain exports via the Baltic Basin increased to only 276,300 metric tons in August.

Gold Price Prediction: XAU/USD will fall to $1,900 due to a strengthening US Dollar and mixed investor attitude

Alina Haynes

Jan 31, 2023 16:09

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In advance of Tuesday's European session, the gold market (XAU/USD) maintains its decline as sellers hit a crucial support level near $1,920. In doing so, the precious metal reverses the mid-Asian session retracement off the stated trend line support.

 

The metal's weakness may be attributable to the contradictory information contained in International Monetary Fund (IMF) updates, as the global lender acknowledged inflation risks while expressing optimism for economic growth. Recent action by the Bank of Japan (BoJ) to defend the Yield Curve Control (YCC), which in turn puts a floor under global yields and weighs on the Gold price, may fall along the same line.

 

In addition, Monday's positive US data and expectations that the Federal Reserve (Fed) will do everything it takes to defend its hawkish monetary policy actions appear to impose downward pressure on the XAU/USD exchange rate.

 

Notably, the probable conclusion of Covid-led activity restrictions in the United States on May 11 and positive China PMIs previously drove the XAU/USD bounce from the $1,920 level.

 

US 10-year Treasury yields struggle to prolong a three-day rally near 3.54%, as the US Dollar Index (DXY) falls to 102.20 at the latest, reflecting the prevailing sentiment. In addition, both S&P 500 Futures and stocks in the Asia-Pacific area remain moderately available.

 

The US Federal Reserve's (Fed) monetary policy meeting will garner the lion's share of attention from Gold traders.