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The Israeli military says that since the start of the war, Iran has launched more than 400 ballistic missiles at Israel, 92% of which have been intercepted.On March 22, local time, Israeli Prime Minister Benjamin Netanyahu stated in the southern city of Arad that Israel is responding to Iranian attacks, but not targeting civilians. Netanyahu indicated that Israels targets are the current Iranian regime and the Islamic Revolutionary Guard Corps (IRGC), and the Israeli military will directly strike the IRGCs leaders, as well as their infrastructure and economic assets.On March 22, He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, met with a delegation from the US-China Business Council in Beijing. He Lifeng stated that the China-US relationship is the most important bilateral relationship in the world today. He expressed hope that the US-China Business Council would continue to play its role as a bridge, promoting friendly exchanges and the steady and healthy development of China-US economic and trade relations. He also hoped that American companies would fully seize the opportunities presented by Chinas development, make good use of the potential of the Chinese market, and inject more stability and positive energy into China-US economic and trade relations.On March 22, Australian Climate Change and Energy Minister Chris Bowen announced that six fuel ships scheduled to arrive in Australia next month have had their voyages cancelled or postponed due to the Middle East conflict. In an interview with the Australian Broadcasting Corporation (ABC), Bowen stated that the six ships, originating from Malaysia, Singapore, and South Korea, were originally scheduled to arrive next month. He said that against the backdrop of the Middle East conflict, Australias fuel supply will experience "some fluctuations," and the government will "work with refiners and importers to mitigate the impact as much as possible." Bowen also stated that Australias current fuel reserves are slightly higher than pre-crisis levels, with gasoline reserves estimated at approximately 38 days and diesel and jet fuel reserves at approximately 30 days. Bowen ruled out the possibility of implementing fuel rationing measures in the short term.Israeli Prime Minister Netanyahu: Its time to get other world leaders into our war.

Gold Prices Fall as Yields Increase

Larissa Barlow

Apr 20, 2022 10:05

Gold prices held steady on Tuesday as the dollar strengthened, putting downward pressure on the yellow metal. The dollar strengthened as the yield differential remained in favor of the dollar. Riskier assets increased in value, removing some of the safe-haven bid from gold prices.

 

The Commerce Department said Tuesday that housing starts grew unexpectedly by 0.3 percent last month to a rate of 1.793 million units on an annual basis. February data has been revised upward to 1.788 million units from 1.769 million units previously reported. Housing starts were expected to decline to 1.745 million units. Permits for future home construction increased by 0.4 percent last month to 1.873 million units.

Technical Evaluation

Tuesday's gold prices plummeted. Prices appear to be clinging to support near the 10-day moving average of 1,953. Near the April highs of 1,999, resistance is present.

 

Momentum has shifted negative in the short term as the Fast Stochastic generated a crossover sell signal. Prices are excessively high. The fast stochastic slid from above the overbought trigger level of 80, indicating that negative momentum is intensifying.

 

The medium-term momentum is positive, as the MACD histogram recently issued a crossing buy signal. The MACD histogram's trajectory is decelerating, indicating consolidation.

 

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