EUR/USD 1.03067
-0.011%
Gold 2688.01
0.394%
Oil 76.575
-0.473%
USD/JPY 156.794
-0.755%
GBP/USD 1.22243
0.070%
GBP/JPY 191.672
-0.647%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 15, Matthew Ryan of Ebury said in a report that if the demand for 10-year gilt auctions is sluggish, the pound may fall again and gilt yields may rise. He said that the governments economic plan will only work if there is enough interest in buying gilts. Lack of interest will cause the pound to fall again and yields to rise as the market prepares for possible spending cuts and/or further tax increases in the UK to make up for the public finance gap. The pound is the worst performing G10 currency so far in 2025 as investors lose confidence in the governments control over public finances and its growth plans.The German government website shows that Germany has provided Ukraine with a new aid plan worth 60 million euros.Saudi Energy Minister: Today, oil no longer poses an energy security challenge due to available storage capacity, infrastructure development, mature supply chains and more abundant production.CEO of aircraft leasing company AvLease: We have decided to adopt a more conservative strategy in capital investment; believes that Airbus and Boeing (BA.N) will control the relevant problems in the next four years.On January 15, the reporter learned from industry chain sources that in order to improve the heat dissipation performance of the iPhone, Apple will add heat dissipation devices to the iPhone 17 series, and the new models will be equipped with VC heat sinks for heat dissipation. The heat dissipation performance of Apple iPhones is often complained by users. Industry chain sources analyzed to reporters that at present, due to the increasing computing power and power consumption of mobile phones, the demand for heat dissipation has increased. Apple will begin to add heat dissipation modules to the iPhone and add a single heat dissipation device to improve the heat dissipation function. Another industry chain source told reporters that the VC heat sink is a mature heat dissipation device on the market and has been used in products of other mobile phone manufacturers.

Forecast for the price of gold: XAU/USD advances toward $1,800 on a decline in consensus for US inflation

Daniel Rogers

Aug 09, 2022 15:19

 截屏2022-07-29 上午11.06.12.png

 

The price of gold (XAU/USD) has slowed down since reaching a peak over $1,790.00 during the Asian session. After a sharp rally, the precious metal is stabilizing in a higher market profile but the upward energy has not yet been exhausted. On the back of reduced projections for the US Consumer Price Index, the shiny metal is moving closer to the psychological resistance level of $1,800.00. (CPI).

 

According to market expectations, the US Consumer Price Index (CPI) will drop from its previous release of 9.1 percent to 8.7 percent. The consensus has decreased by 40 basis points, which is supported by the recent decline in oil prices. On account of growing recessionary fears and diminishing supply concerns, black gold lost its luster. This may encourage the Federal Reserve (Fed) to set interest rates a little lower this time.

 

Investors should be aware that a temporary decrease in price pressures does not signify that the Federal Reserve's (Fed) difficult work is finished. For the inflation rate to assert that the price pressures have subsided, a string of downward changes must be visible.

 

After receiving bids in the lower part of the Rising Channel that was established on a four-hour scale, gold prices have significantly recovered. The upper part of the aforementioned chart pattern is drawn from the high of July 22 at $1,739.37, and the lower part is drawn from the low of July 27 at $1,711.55.

 

The 20-period Exponential Moving Average (EMA) at $1,775.50 has been held by the bulls in gold. Although there has been a correction, the 50-EMA at $1,767.11 has held steady, showing that the short-term trend is incredibly optimistic.

 

Additionally, the Relative Strength Index (RSI) (14) has made an attempt to break above 60.00; if this is successful, it will support gold bulls even more.


Suggestion