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March 22 – The Australian government stated on the 22nd that although fuel imports have been impacted by the conflict with Iran, supplies remain sufficient and there are no plans for rationing. Regarding the panic buying of gasoline in a few areas, the government urged the public to refuel rationally. Australian Climate Change and Energy Minister Chris Bowen said in a television interview that as of the 21st, the countrys reserves of petrol, diesel, and aviation fuel were sufficient for 38 days, 30 days, and 30 days respectively, and fuel supplies remained "strong."Market news: Fannie Mae and Freddie Mac have made large-scale purchases of mortgage-backed securities.March 22 - Iranian President Ayatollah Peschizian posted on social media this evening (March 22), stating that "attempts to wipe Iran off the map are a desperate trampling on the will of a nation that makes history. Threats and intimidation will only strengthen Irans unity. The Strait of Hormuz is open to everyone except those who violate Iranian territory. Iran will resolutely confront these insane threats on the battlefield."On March 22, U.S. Treasury Secretary Bessenter defended the U.S. and Israels attacks on Iranian infrastructure, claiming that "sometimes you have to escalate to de-escalate." This came shortly after Trump gave Iran 48 hours to open the Strait of Hormuz and threatened to destroy its power plants. Bessenter defended Trumps remarks, saying it was "the only language the Iranians understand." Bessenter also addressed Kharg Island, a key hub for Iranian oil production, claiming that "all options are being considered," including sending U.S. troops to control the island. Bessenter further defended the decision to ease some sanctions on Iran, claiming it was a "soft approach" to the Iranians—using their own oil to retaliate against them.Israeli military: We targeted an Iranian military base used for training soldiers and storing missile systems.

The international gold price looks at US$1810 in the market outlook

Oct 26, 2021 11:03

On Thursday (October 14), the international gold price hovered below the high level of 1796.20, which was set overnight since September 16, and the yields of the U.S. dollar and U.S. Treasuries stopped falling and stabilized, limiting the rise of gold prices. The gold price looks at $1810 in the market outlook.

At GMT+8 13:48, spot gold fell 0.12% to US$1790.84 per ounce; the main COMEX gold contract fell 0.17% to US$1791.6 per ounce; the US dollar index rose 0.04% to 94.062.


Gold prices surged by nearly 2% overnight, the U.S. dollar index plummeted by more than 0.5%, and the 10-year U.S. Treasury yield fell for the second consecutive trading day. Therefore, the previously announced data show that the US inflation fever has exceeded expectations.

The Consumer Price Index (CPI) of the United States in September showed that inflation in the United States has steadily risen, and the prices of food, rent and a series of other commodities have all increased. This has put pressure on the Biden administration to immediately resolve the supply chain tension that is hindering economic growth. problem.

The minutes of the Fed’s September 21-22 policy meeting show that policymakers have hinted that they may start to reduce their support to the economy during the crisis in mid-November, but how big is the threat of high inflation and how quickly interest rates need to be raised to deal with it. There are still disagreements on the issues to be addressed.

The world's largest gold-backed exchange-traded fund (ETF)-SPDR Gold Trust's gold holdings dropped from 985.05 tons on Tuesday to 982.72 tons on Wednesday, a decrease of 0.2%.

On the hourly chart, the price of gold started an upward iii wave trend from US$1750 and broke the 76.4% target of US$1796. The market outlook is expected to further touch the 85.4% target of US$1801 and the 100% target of US$1810.

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