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February 23, local time on February 23, Russian presidential press secretary Peskov responded to Ukrainian President Zelenskys remarks after the meeting between Russia and the United States. He stressed that the negotiation process between the Russian and American heads of state on the Ukrainian issue should not be hindered in any way, and the two sides should smoothly realize their respective political will. Peskov specifically pointed out that Donetsk and other four places will not conduct any form of transactions or transfers. In 2022, after the outbreak of the Russian-Ukrainian conflict, Luhansk, Donetsk, Zaporizhia, and Kherson joined the Russian Federation through referendums in September of that year. Recently, the United States proposed a so-called "rare earth for aid" mineral cooperation agreement to Ukraine. Ukraine has rich rare earth reserves, of which lithium and titanium are the main components of Ukraines rare earth resources. Although Ukraines key mineral resources are diverse, some of them are already under the control of Russia. On February 20, local time, Ukrainian President Zelensky said that he was ready to reach an agreement with the US President on investment and security issues.According to a Reuters/Ipsos poll on February 23, 58% of Americans said that inflation would be an important factor in their voting in future elections, and 32% approved of Trumps approach to inflation. 55% said that deporting illegal immigrants would be an important factor, and 47% approved of Trumps approach to immigration.SHEINs sales in 2024 increased by 19% to $38 billion; net profit decreased by nearly 40% to $1 billion.Russias Defense Ministry said Russian troops captured Ulakli and Novoderivka in eastern Ukraine.Ukraine said Russia launched 267 drones at Ukraine overnight, 138 of which were shot down.

Gold Price Prediction: XAU/USD surges above $2,010 as Fed policymakers anticipate a rapid decline in US Inflation

Daniel Rogers

Apr 12, 2023 13:41

截屏2023-04-06 下午4.26.46_1024x576.png

 

In the Asian session, the price of gold (XAU / USD) made a swift advance above the critical resistance of $2,010.00. The price of gold has risen above $2,013, as the US Dollar Index continues to weaken. (DXY). The USD Index has fallen to approximately 102.05 and is anticipated to accelerate its decline. Federal Reserve (Fed) policymakers anticipate a rapid deceleration in U.S. inflation, which has a negative influence on the USD Index.

 

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, stated, "I am monitoring the data to determine if additional action on inflation is necessary." In addition, the president of the Minneapolis Fed Bank, Neel Kashkari, anticipates that inflation will be in the middle 3 percent by the end of this year and will be closer to 2 percent the following year.

 

Austan Goolsbee, president of the Chicago Fed, advocated a cautious approach in light of the fact that the confluence of constrained credit conditions and further restrictive monetary policy can impact sectors and regions differently than if monetary policy acted alone.

 

As the last inflation data before the Federal Reserve's scheduled interest rate decision in the first week of May, the US inflation data released on Wednesday will be closely monitored.

 

In addition, the Fed minutes will be scrutinized as they will provide a detailed explanation of the 25 basis point (bps) rate hike in March.

 

The demand for US government bonds appears to be subdued prior to the release of US inflation data. The yield on 10-year US Treasury bonds fluctuates around 3.43 percent.


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