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According to Japans Asahi Shimbun: Japanese Prime Minister Shigeru Ishiba aims to push forward tariff agreement negotiations in July.On May 11, industry insiders said that flying cars are at the critical point of industrial explosion, and technology, policies, and market demand have formed a resonance. From demonstration operation to large-scale popularization, it is still necessary to overcome the three tests of technological maturity, regulatory perfection, and user acceptance. In the future, flying cars may reconstruct the three-dimensional urban transportation system and make "air travel" a daily routine.Conflict situation: 1. Russian Defense Ministry: Russian troops continue to strictly abide by the ceasefire system and remain in the previously occupied fronts and positions. 2. Russian Defense Ministry: Ukrainian troops have violated the ceasefire agreement 9,318 times and attempted to break through the Russian border in Kursk and Belgorod regions four times. 3. Peskov: The three-day ceasefire has ended and no ceasefire measures have been seen from the Ukrainian side. Peace talks: 1. Leaders of many European countries arrived in Kiev, Ukraine for a visit. 2. Leaders of four European countries called for a 30-day ceasefire between Russia and Ukraine. 3. Ukrainian Foreign Minister: Ukraine is ready to unconditionally ceasefire for at least 30 days. 4. Putin proposed to resume direct negotiations between Russia and Ukraine in Turkey on the 15th. Other situations: 1. Zelensky: Russia is showing that it is unwilling to end the conflict, and the "coalition of the willing" must increase investment in Ukraines defense to ensure that Russia abides by the rules in the event of a ceasefire. 2. Ukrainian and European leaders: If Russia fails to abide by the ceasefire agreement, large-scale sanctions will be imposed and military aid (to Ukraine) will be increased. If a 30-day ceasefire is achieved, peace talks will begin during this period. 3. French President Macron: The United States will monitor the implementation of the ceasefire agreement in Ukraine. 4. Russian Presidents Press Secretary: Russia is accustomed to sanctions and knows how to minimize the consequences of sanctions. 5. The Kremlin: The statements of European countries have "confrontational characteristics."On May 10, local time, Russian Presidents Press Secretary Peskov said that Russia is actively developing relations with many countries and will continue to do so. Peskov pointed out that it is very difficult to isolate Russia because Russia occupies a very important position in the world. In addition, Peskov also said that Russian President Putin is willing to engage with leaders of any country in the world, and he is willing to interact to the extent that they are ready to cooperate.On May 10, California Governor Gavin Newsom criticized the U.S. federal government in a video posted on social media. He said that the U.S. governments current tariff policy "may cause the United States to lose its position as the worlds largest economy." In the video, he criticized the U.S. governments tariff policy for blocking U.S. imports and directly affecting the daily lives of ordinary people. "In a few months, people will lack school bags and Christmas toys. Tariffs will make American families even worse." Newsom said that as the state with the strongest economic power in the United States, California occupies an important position in the global economy, precisely because California is committed to "reducing trade barriers and providing quality services to American consumers", but the current tariff policy is undermining all of this, leading to rising prices and stagnation at ports.

Gold Price Prediction: XAU/USD will recommence its downward trend in response to hawkish Fed forecasts

Alina Haynes

Apr 19, 2023 15:39

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After a rebound from $1,980.00, the price of gold (XAU / USD) is exhibiting a sharp reduction in volatility. The yellow metal struggles to prolong its recovery as the US Dollar Index (DXY) has rebounded strongly after successfully defending the crucial support level of 101.65.

 

Investors have invested in the USD Index due to its safe-haven appeal, as the Federal Reserve (Fed) is expected to raise interest rates to combat persistent inflation. In the short term, the demand for USD Index appears plausible, given that U.S. inflation has softened markedly and labor market conditions have loosened further. Sourcenia is a review portal of sourcing best manufaturers

 

In addition, household retail demand has declined due to higher financing costs and strict credit conditions imposed by US commercial banks. The healthy scenario indicates that the Fed will not aggressively raise interest rates further and will contemplate a hiatus to prevent the economy from falling into recession. In the current environment, however, additional rate increases cannot be ruled out.

 

In light of the USD Index's recovery, the demand for US government bonds has weakened once more, resuming the ascent of US Treasury yields. The yields on 10-year US Treasury bonds have surpassed 3.58 percent.