EUR/USD 1.17268
0.243%
Gold 4759.54
-0.124%
Oil 90.663
-1.384%
USD/JPY 159.298
0.203%
GBP/USD 1.34677
0.244%
GBP/JPY 214.543
0.466%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
A journalist from Iranian state television stationed in Islamabad confirmed that the United States has agreed to unfreeze Iranian funds.According to the official measurement of the China Earthquake Networks Center, a 3.3-magnitude earthquake occurred in Zizhong County, Neijiang City, Sichuan Province (29.66 degrees north latitude, 104.86 degrees east longitude) at 20:31 on April 11, with a focal depth of 11 kilometers.April 11 - Pakistani sources revealed on the 11th that trilateral talks between Iran, the United States, and Pakistan have begun in Islamabad.April 11 - According to US media reports, delegations from the United States and Iran held talks in Islamabad, the capital of Pakistan, on the 11th. When interviewed by US media that day, President Trump was asked if the US-Iran talks had begun. Trump replied, "Yes." When asked if Iran was engaged in serious negotiations, Trump replied, "Ill let you know in a very short time, not too long."On April 11th, Haidilao issued a statement regarding the incident of a Haidilao employee being forced to buy gifts at their own expense due to a customer complaint. The statement reads as follows: At 9:57 AM on April 7th, we received an internal complaint from the employee. We contacted the employee at 2:18 PM that same day and simultaneously forwarded the complaint to the regional office for verification and processing. From April 8th to 9th, the company investigated the employees complaint and confirmed on the 9th that the employees account was largely true. On April 10th, the company discussed compensation with the employee. We solemnly promise to compensate the employee in accordance with the law and to express our sincere apologies in person or through other channels according to the employees wishes. Due to concerns about similar situations in other stores, at 10:00 AM on April 10th, we notified over 1,000 stores to conduct internal investigations. These investigations are ongoing, and we will handle any similar cases appropriately in accordance with the law.

Silver price forecast: XAG/USD slides below 20/50-DMAs, below $20

Alina Haynes

Aug 19, 2022 11:50

 截屏2022-07-29 上午11.05.40.png

 

Silver price falls for the fifth straight day as an upbeat market attitude weighs on the non-yielding metal. In addition, broad US currency strength kept white metal prices under pressure as Fed officials reiterated the need to bring inflation down and US jobs data bolstered the case for a September rate hike.

 

The XAG/USD is at $19.50, down from Thursday's $19.93 high. Wall Street gained despite sparse trading. Claims for unemployment in the week ending August 13 fell less than expected, but the housing market cooled. July existing home sales were 5.9% lower than in May 2020.

 

San Francisco's Mary Daly said it's too early to declare inflation victory and favored a 50 or 75 bps boost for September. Kansas City Fed's Esther George said core inflation is "hardly comfortable" and more rate hikes are coming.

 

St. Louis Fed hawk James Bullard said he's leaning toward a 75 bps rate hike in September, but Minnesota Fed's Neil Kashkari said there's more work to be done and he's not convinced the Fed can escape a recession.

 

Kashkara is unsure if the Fed can attain its target without a recession, but other officials remain focused on inflation. Further rate hikes are predicted in 2022 and 2023.

 

Money market futures STIRs have priced in a 50 bps September rise. After the release of July's FOMC minutes, probabilities of a 75-bps hike rose to 78% from 50% on Wednesday.

 

The US Dollar Index, a measure of the dollar's value versus a basket of rivals, rose 0.7% to 107.492, a headwind for precious metals prices. Most US Treasury bond yields fell two basis points, headed by the 10-year benchmark note rate.

 

The US Federal Reserve's tightening cycle will keep XAG/USD prices down. If the Fed can manage a "soft" landing, silver dealers can expect more selling. Safe-haven flows might benefit gold if US economic growth slows and creates a recession.


Suggestion