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According to a report by Irans Fars News Agency, citing its journalists, Iran and the United States failed to reach a consensus on their differences in the latest round of negotiations.According to a report by a correspondent for Iranian state television in Islamabad, talks between Iran and the United States will continue on Sunday.April 12th - Significant differences remain between the US and Iran, primarily regarding the Strait of Hormuz and the unfreezing of funds. Meanwhile, Israel remains a potential disruptor. Iranian media and analysts point out that the current situation can be described as a transitional phase between war and peace, with the regional situation remaining fragile. A comprehensive agreement between Iran and the US in the short term is unrealistic, but reaching a preliminary framework or a lasting cessation of hostilities is not impossible—however, it is crucial to consider whether Israel will seriously undermine this process at a critical moment.On April 12, local time, the third round of talks between Iran and the United States in Islamabad concluded. Iran described this round as the "last chance" to reach a framework agreement. Since April 11, the two sides had a busy schedule, consulting late into the night, with all parties vying for the temporary ceasefire window and intensifying their maneuvering. However, sharp differences remained on three core issues: control of the Strait of Hormuz, unfreezing overseas assets, and uranium enrichment. Outside the negotiating table, the US military announced mine-clearing operations in the Strait of Hormuz, while the Israeli Prime Minister declared that he would continue to strike Iran and its proxies. With the ceasefire window closing, diplomatic maneuvering and military actions are escalating simultaneously, and the situation in the Middle East is at a crossroads between war and peace.April 12 - According to a statement released by the Iranian government early this morning (April 12) via social media, negotiations with the United States will continue despite some remaining differences. Iranian state television reported that the third round of talks between Iran and the United States concluded earlier, with expert teams from both sides attending and exchanging texts again.

The international gold price outlook is still looking at $1738

Oct 26, 2021 11:02

On Tuesday (October 12), the international gold price rose because the US dollar index fell. However, under the expectation of soaring energy prices and the Federal Reserve's upcoming debt reduction, the US dollar index still hovered below the one-year high of 94.504 touched last month. The price of gold remains bearish, with support at $1738 below.

At GMT+8 13:42, spot gold rose 0.43% to US$1761.76 per ounce; the main COMEX gold contract rose 0.37% to US$1762.2 per ounce; the US dollar index fell 0.06% to 94.308.


Stephen Innes, managing partner of SPI Asset Management, said: “Gold is relatively elastic, and the market is revolving around stagflation and economic growth prospects (arguments).” However, he also said that investors are reluctant to catch up until the minutes of the Fed’s September meeting are released. .

An analyst from ANZ Research said in a report: “In the context of generally low interest rates around the world, the risks surrounding slowing growth and rising inflation will still prompt investors to continue to strategically allocate gold,” adding that they The price of gold is expected to fall back after rising to US$1850 next year.

Market participants are now waiting for the minutes of the Fed’s September 21-22 policy meeting and the consumer price index, both of which will be announced later this week.

On the daily chart, the price of gold has started a three-wave downward trend from US$1,781, and the support below looks to the 38.2% target of US$1738. Wave 3 is a sub-wave of the downward (3) wave that started at $1834. (3) Lang's 61.8% target is at $1688. (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.

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