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1. This round of Israeli-Palestinian conflict has resulted in 51,201 deaths in the Gaza Strip. 2. Lebanon said that the Israeli armys attack on southern Lebanon caused one death and two injuries. 3. The Israeli army claimed to have killed a senior commander of Hezbollah in Lebanon. 4. According to the Jerusalem Post: The Israeli Security Cabinet will hold a meeting on Tuesday. 5. The Iranian Foreign Minister said that Iran-US talks must be extremely cautious. 6. The Iranian Foreign Minister: Israel is the only obstacle to the "denuclearization" of West Asia. 7. The Hamas delegation held talks with the Turkish Foreign Minister on a ceasefire in Gaza. 8. The Israeli army announced the results of the investigation into the attack on the Gaza ambulance convoy in March, admitting that there was a so-called "misjudgment". The Palestinian response: full of lies. On April 21, after 0:00 on the 21st local time, with the end of Easter, Russias 30-hour ceasefire officially expired and will not be extended. As of press time, neither Russia nor Ukraine has issued a statement on extending the ceasefire. Russian President Vladimir Putin said when meeting with Russian Chief of General Staff Gerasimov on the 19th that on the occasion of Easter on the 20th, the Russian army will stop all combat operations from 18:00 on the 19th to 0:00 on the 21st. Russia hopes that Ukraine will follow Russias example. Zelensky posted on social media on the same day, proposing to extend the ceasefire until after Easter on the 20th, saying that 30 hours is not enough to build real trust. On the 20th, Russian Presidents Press Secretary Peskov responded to questions raised by Russian media about the possibility of extending the ceasefire, saying "there are no other instructions." He said on the same day that Putin did not issue an order to extend the ceasefire.US President Trump hopes Russia and Ukraine can reach an agreement this week.On April 21, US President Trump said on the social platform, "The golden rule of negotiation and success: those who own gold make the rules." In addition, he also said, "Businessmen who criticize tariffs are not good at business, but what they are really bad at is politics. They dont understand or realize that I am the best friend of American capitalism ever!"On April 21, the Russian Ministry of Defense said on the 20th that the Ukrainian army continued to attack the Russian side despite the Easter ceasefire proposal. Ukrainian President Zelensky said on the same day that the Russian armys attacks continued during the Easter period. The Russian Ministry of Defense website issued a statement on the same day saying that the Ukrainian army ignored the Easter ceasefire proposal and attempted to attack the Russian army positions in two settlements in the Donetsk region at night, but was repelled. Zelensky posted on social media on the 20th that as of 16:00 that day, the Russian army launched 46 assaults and 901 artillery attacks from all directions. He also said that during the Easter period, the Russian armys fighting in the Pokrovsk direction in eastern Ukraine was the most active. Russias claim of a ceasefire in Kursk Oblast and other places "fell through."

Gold Price Prediction: XAU/USD jumps $1,770 as risk appetite recovers and US NFP buzzes

Daniel Rogers

Aug 03, 2022 14:50

 截屏2022-08-02 下午5.45.26_1024x576.png

 

After reaching a low of $1,755.00 during the Asian session, the gold price (XAU/USD) has exhibited a purchasing response. The precious metal entered a corrective wave following a two-week juggernaut rally. In addition, a return in favorable market mood has strengthened the gold bulls.

 

Earlier, the escalation of Sino-American tensions over Taiwan caused a decline in risk appetite. The problem has not been resolved despite the presence of Russian and Chinese navy vessels near the disputed Taiwanese island. In response, Taiwan's Defense Ministry has stated that it will oppose any Chinese action that violates Taiwan's territorial sovereignty.

 

The US dollar index (DXY) benefited from market participants' liquidity on Tuesday, after investors supported the risk-off impulse. Now, the pessimistic forecast for US Nonfarm Payrolls (NFP) is pulling down the DXY. The DXY has printed a low of 106.00 as job gains are estimated to be 250k, which is less than the previous report of 372k. The unemployment rate is anticipated to remain unchanged at 3.6%. Major corporate players in the United States have abandoned the recruitment process for the remaining workforce, which will be reflected in the employment data.

 

The gold prices quickly recaptured $1,764.23, the 20-period Exponential Moving Average (EMA). On a four-hour period, the precious metal is trading within a Rising Channel, the higher section of which is shown from the July 22 high of $1,739.37 and the lower portion from the July 21 low of $1,681.87.

 

The 50-period exponential moving average (EMA) at $1,750.00 has held unchanged and is rising, adding to the upward filters. In addition, the Relative Strength Index (14) is striving to reclaim the bullish zone of 60.00-80.00 in order to accelerate the upward movement.


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