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SK Group Chairman Choi Tae-won: Artificial intelligence and energy have now become the core of global change. Cooperation among South Korea, the United States and Japan in this regard is not an option but a necessity.February 23 news, the 2025 Spring Festival travel season will start on January 14 and end on February 22. As one of the most important and convenient channels for exchanges between the people on both sides of the Taiwan Strait, the Xiamen-Jinmen "mini three links" passenger route has a total of 942 flights during the Spring Festival travel season, transporting more than 180,000 passengers, an increase of 50% and 43.4% year-on-year respectively.On February 23, during the 40 days of the Spring Festival (January 14 to February 22, 2025), the cross-regional flow of people in the whole society was 9.02 billion, an increase of 7.1% over the same period in 2024. Among them, the railway passenger volume was 510 million, a year-on-year increase of 6.1%; the highway passenger flow was 8.39 billion, a year-on-year increase of 7.2% (of which 7.17 billion people drove themselves, accounting for 79.4% of the total cross-regional personnel volume in the whole society, and the highway commercial passenger volume was 1.22 billion); the water passenger volume was 31.21 million, a year-on-year increase of 7.6%; the civil aviation passenger volume was 90.2 million, a year-on-year increase of 7.4%.On February 23, AFP quoted British Foreign Secretary Lamy in a statement issued on Sunday as saying: "Tomorrow (Monday) I will announce the biggest sanctions against Russia since the first few days of the (Ukrainian) conflict." Earlier, the Daily Telegraph quoted British government sources as saying that Britain will announce new aid to Kiev and sanctions against Russia on February 24.According to RIA Novosti: The Russian Defense Ministry said that Russian air defense forces destroyed 20 Ukrainian drones overnight.

Gold Price Prediction: XAU/USD struggles above $2,000 as additional Fed rate increases appear inevitable

Daniel Rogers

Apr 17, 2023 13:44

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During the Asian session, the gold price (XAU / USD) appears vulnerable above the psychological resistance of $2,000.00. Following a four-day low of $1,992.50, the precious metal has exhibited a recovery trend. However, the recovery appears precarious as bullish wagers on the US Dollar Index (DXY) limit the upside.

 

As the probability of a consecutive 25 basis point (bp) rate hike from the Federal Reserve (Fed) is exceedingly high, the USD Index seeks to extend its recovery above the immediate resistance of 101.75. According to the CME Fedwatch instrument, the likelihood of a rate rise is nearly 80%.

 

In the meantime, S&P500 futures posted significant gains early on Monday, following a moderate decline on Friday. Quarterly earnings season is anticipated to keep US equities stock-specific. As a result of the precipitous drop in petroleum prices in March, manufacturing and oil-dependent businesses could experience a reasonable earnings rebound.

 

The demand for U.S. government bonds has decreased considerably in response to rising wagers on additional Fed policy restrictions. President of the Federal Reserve Bank of Atlanta Raphael Bostic stated that with one more quarter-point increase in interest rates, the Fed can conclude its tightening cycle with some assurance that inflation will gradually revert to its 2% objective.


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