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The Russian space agency said the spacecraft brought Russian and American astronauts back to Earth after completing their space mission.Conflict situation: 1. Houthi armed forces: The air defense system shot down a US MQ-9 drone that was performing a hostile mission in the airspace of Sanaa Province. This is the second MQ-9 drone that the air defense system successfully shot down within 24 hours, and the sixth this month. 2. People familiar with the matter: Israel still does not rule out the possibility of attacking Irans nuclear facilities. 3. This round of Palestinian-Israeli conflict has caused 51,157 deaths in the Gaza Strip. 4. The Israeli army airstrike in the central Gaza Strip killed at least 23 people. Other situations: 1. Yemeni people held large-scale rallies in many places including Sanaa to protest against the frequent air strikes on civilians by the US military in recent times. 2. The Iranian Foreign Minister met with the Italian Foreign Minister to discuss the situation in the Middle East. 3. The second round of indirect negotiations between Iran and the United States on the nuclear issue ended in Rome, Italy. The Iranian Foreign Minister said that the next round of negotiations will be held on the 26th, and the expert-level technical negotiations will be held in Oman next Wednesday (23rd).Conflict situation: 1. Russian Ministry of Defense: The M-46 towed artillery squad of the "Central" group of troops destroyed a hidden stronghold of the Ukrainian armed forces in the direction of the Red Army City. 2. The Russian army controlled Shevchenko and Oleshnya in the Kursk region in eastern Ukraine. 3. Putin announced a 30-hour Easter truce. Zelensky: Not enough, it is recommended to extend the ceasefire to 30 days. 4. Zelensky: The troops continue to operate on the territory of the Kursk region and hold their positions. The troops have advanced in Belgorod and expanded the area of control. Other situations: 1. British media comments: The mineral agreement cannot "buy back peace" for Ukraine. 2. The Russian president asked the government to draw up a list of people from unfriendly countries. 3. Ukrainian officials: The mineral agreement did not discuss the issue of US aid to Ukraine being converted into debt. 4. Russian Ministry of Defense: Russia and Ukraine have completed the exchange of 246 prisoners of war. The exchange of prisoners of war between Russia and Ukraine was mediated by the UAE.On April 20, Ukrainian President Zelensky posted on social media on the 19th local time that Russia has not responded to the proposal for a 30-day full and unconditional ceasefire for 39 consecutive days. If Russia suddenly expresses its willingness to join the full and unconditional ceasefire framework at this moment, Ukraine will respond in kind - how Russia acts, Ukraine will respond in kind. If a full ceasefire is truly achieved, Ukraine proposes to extend the ceasefire until after Easter on April 20. This will test Russias true intentions, because 30 hours is not enough to establish real confidence measures, and 30 days may create an opportunity for peace. Zelensky emphasized that according to the latest battle report of the Ukrainian commander-in-chief, the Russian armys assault operations are still continuing in some areas of the front line, and its artillery fire has not stopped. The Ukrainian army is always on high alert and implements equal countermeasures, and every Russian artillery shell will be fully counterattacked.Ukrainian President Zelensky: Ukraines air defense system is repelling attacks by Russian drones, which shows Putins true attitude.

Forecast for Gold: XAUUSD retreats from $1800 on rising US yields

Daniel Rogers

Aug 12, 2022 11:59

 截屏2022-06-07 下午5.14.22.png

 

While it had been trending upwards, gold's daily performance took a sour turn and it is now trading below $1800. During the American session, the XAUUSD reached a high of $1799 before turning down and heading below $1785.

 

Despite predictions of a 0.2% monthly increase, data released on Thursday indicated that the US Producer Price Index decreased by 0.5% in July, bringing the annual rate down to 9.8%. The Consumer Price Index did not move in July, contrary to predictions of a 0.2% increase, according to data released on Wednesday. The US currency fell because of the inflation rate going down.

 

Investors continue to count on a rate hike of 50 basis points or more from the Federal Reserve at their September meeting. U.S. rates have risen despite though a peak in US inflation is more likely, which is surprising. Both the US 10-year yield (now at 2.83%) and the 2-year yield (3.20%) are at their highest levels in nearly a week.

 

Increased US yields capped gold's gains. The inability of the XAU/USD pair to maintain a price over $1800 despite the recent US data has fueled skepticism that the rally will continue. Weekly support is found around $1774, and the immediate support is at $1785. Additional gains appear likely if the price of gold can consolidate over $1800.