EUR/USD 1.16530
0.013%
Gold 4601.78
0.003%
Oil 82.922
-0.049%
USD/JPY 159.346
-0.027%
GBP/USD 1.35962
0.028%
GBP/JPY 216.639
0.002%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japans July unemployment rate will be released in ten minutes.On August 28, U.S. Commerce Secretary Rutnick accused Canadian Prime Minister Carney on Thursday of stagnation over an agreement in order to consolidate political support in response to Albertas preliminary "independence referendum" in October and the Quebec election. "We were just used by them, right? Thats why the negotiations broke down. Not because the numbers didnt match. The numbers were very nice; we could have reached a major agreement," Rutnick told reporters in Washington. According to sources, the two countries disagreed on tariff reductions for medium and heavy-duty trucks, with Canada demanding the same tariff reductions as for passenger cars, a request the U.S. refused. Rutnick stated that he only saw the issue raised hours before the negotiations broke down on Friday.August 28th - According to the Wall Street Journal, CIA Director Ratcliffes diplomatic visit to Russia this week was so sensitive that some senior White House officials were unaware of it beforehand. According to US officials, President Trump personally dispatched the CIA director, keeping it secret from close aides and senior military officials who would normally be informed of such trips; they didnt even know what message Ratcliffe would convey to senior Kremlin officials. It is understood that Trump chose to send the intelligence director because previous attempts to use other trusted diplomatic envoys in negotiations had failed to prevent the escalation of conflict.Google Gemini: Make your stories more engaging with Gemini Omni 1.1 Flash. Now, people can create or upload videos and have Gemini seamlessly pick up where the video left off, creating longer stories or exploring entirely new creative directions.US President Trump: Iran is a failed state.

International gold prices still look at US$1,727

Oct 26, 2021 10:59

On Thursday (October 7), international gold prices continue to be under pressure, and the market outlook is still looking at $1,727. However, the weak upside of the U.S. index limited the decline in gold prices. Investors turned to wait and see before the US non-farm payrolls report was released, and it is expected that the report will provide clues to the Fed's reduction schedule.

At 14:20 GMT+8, spot gold fell 0.11% to US$1760.81 per ounce; the main COMEX gold contract fell 0.03% to US$1761.2 per ounce; the US dollar index fell 0.01% to 94.218.


Investors turned to the US non-agricultural employment data to be released on Friday (October 8), which is expected to show an improvement in the labor market, which is an important criterion for the Fed to begin to reduce support measures during the epidemic. Data released overnight showed that private employment in the United States increased strongly in September.

Bob Haberkorn, senior market strategist at RJO Futures, said: “Gold’s hedging appeal is not as attractive as other safe assets, and its performance largely depends on US non-agricultural employment data. Prior to this, the price of gold may be trending sideways.”

Fu Xiao, director of the Commodity Strategy Department of BOC International, said that even though the non-agricultural employment data is “not beautiful, but just in line with expectations,” some Fed members have believed that the conditions for reducing debt purchases have been met, which has put pressure on gold.

On the daily chart, the price of gold has started a three-wave downward trend from US$1770. The support below looks to the 23.6% target of US$1744 and the 38.2% target of US$1727. Wave 3 is a sub-wave of the downward (3) wave that started at $1834. (3) Wave is a sub-wave of the downward ((Y)) wave that started from 1917 USD. The ((Y)) wave belongs to the adjusted IV wave that started at $2,075.

Suggestion