• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 26, Australian Deputy Prime Minister and Defense Minister Richard Mars and visiting British Defense Secretary John Healey signed the Nuclear Powered Submarine Partnership and Cooperation Treaty (also known as the Geelong Treaty) in Geelong, Victoria, and claimed that the treaty was the "first pillar" of the "Australia-UK-US Alliance". The two countries commitment to bilateral defense cooperation for the next 50 years. According to a joint statement issued by Mars and Healey, the Geelong Treaty will enable the two countries to fully cooperate in the design, construction, operation, maintenance and disposal of the "Australia-UK-US Alliance" class nuclear submarines. It will support the development of personnel, infrastructure and regulatory systems required for Australias "Australia-UK-US Alliance" class nuclear submarine project, while also supporting the port visits of the UKs "Astute" class nuclear submarines and their rotational garrison at the Australian Stirling Naval Base.July 26th news, on the afternoon of the 26th, the reporter asked the Laotian military for confirmation. The Laotian side said that there was no exchange of fire between the Laotian and Cambodian armies, and the Lao side did not arrest the Cambodian armed personnel who illegally crossed the border. In addition, a source from the Lao Peoples Army said that the "Lao Peoples Army and Cambodian armed personnel exchanged fire" was false news. The authoritative Lao military media "Peoples Army Newspaper" said that it had not received any relevant notification. Cambodian Ministry of Defense spokesperson Mary Su Jieda also said on the same day that the relevant news was unfounded and the incident had never happened. Earlier that day, Thailands Thai Rath reported that the Laotian military issued an emergency notice on the 26th, saying that the Laotian army had a fierce exchange of fire with several Cambodian armed personnel who illegally crossed the border, arrested 10 people and seized weapons.Indian Trade Minister: India is making rapid progress in free trade agreement negotiations between the EU and the US.July 26, local time on the 25th, the California Public Utilities Commission confirmed that Tesla has not yet applied for the necessary licenses to operate self-driving cars. This decision essentially halted Teslas self-driving taxi service, which was launched on a large scale in the Bay Area of California as early as this weekend. The California Public Utilities Commission stated that Tesla has not yet received approval from the agency to provide self-driving passenger services to customers, regardless of whether they are paid or not and whether there is a human driver in the car. This means that Tesla cannot test or operate self-driving passenger services in California, and the existing license only supports the traditional taxi model.According to RIA Novosti: Russian troops occupied the village of Malyivka in the Dnipropetrovsk region of Ukraine.

Gold Prices Inch up But Anticipate A Weekly Loss; PCE Data Are Awaited

Skylar Williams

Feb 24, 2023 13:34

109.png


Gold prices rose marginally on Friday, but were poised for a fourth consecutive week in the red due to mounting uncertainty over U.S. monetary policy, with markets awaiting a reading on the Federal Reserve's preferred inflation gauge later in the day for additional direction.


As U.S. fourth-quarter GDP data was revised slightly lower, indicating that the economy had cooled more than anticipated under the burden of high interest rates, gold experienced some respite. The data increased the likelihood that the Fed will have less capacity to continue raising interest rates.


At 19:36 E.T., spot gold climbed 0.1% to $1,823.84 per ounce, while gold futures rose 0.2% to $1,835.15 per ounce. This week, both assets were expected to lose between 0.5% and 0.8%.


The Fed's preferred inflation gauge, the Personal Consumption Expenditures price index, is anticipated to confirm that price pressures remained elevated in January. Inflation control is the central bank's top priority, and the Fed has given few hints that it will halt its rate-hiking rampage. Given that rising yields increase the opportunity cost of holding non-yielding assets such as precious metals, this is unfavorable for gold.


This week, a number of Fed speakers advocated for additional interest rate hikes, with some even advocating for a quicker pace of hikes in the future months. The minutes of the Fed's February meeting revealed that the majority of officials supported an increase in interest rates.


However, markets continue to be dubious as to where interest rates will peak. Traders' dread of a higher-than-anticipated terminal rate has limited the metals' price appreciation.


Friday was a quiet day for other precious metals, with silver and platinum futures moving less than 0.1% in either direction. However, platinum was expected to outpace its competitors this week with a nearly 3% increase, ending a six-week losing streak.


Copper prices stabilized on Friday after plunging in the previous session in response to weak U.S. GDP data that prompted concerns about a slowdown in industrial activity.


Copper futures increased 0.1% to $4.0570 per pound following a 3.3% decline in the previous session. The losses also placed copper on track for a 1.3% weekly decline.


In recent weeks, copper prices have also been impacted by uncertainty regarding China's economic recovery, the world's largest copper importer.