• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the New York Times, the United States plans to withdraw one-third of the fighter jets it provided to NATO for European defense.June 12th - The 12th China (Shanghai) International Technology Import and Export Fair (CITICF) was held from June 11th to 13th. At the Cryptography Application and Innovation Development Conference held within the CITICF venue, the "Cryptography + Artificial Intelligence Integration and Innovation Development Industry Alliance" was officially established. Representative Shanghai cryptography and artificial intelligence companies became the first batch of members of the alliance, marking a new stage of collaborative innovation and integrated application for Shanghais cryptography and AI industries.According to AXIOS, citing US sources, Israeli Prime Minister Benjamin Netanyahu recently contacted close associates in the Trump administration in an attempt to obtain information about the US-Iran agreement.June 12 – The China Federation of Logistics and Purchasing (CFLP) today (June 12) released the "China General Cargo International Logistics Development Report (2026)". According to the report, with the continuous adjustment of the international trade structure and the in-depth advancement of high-quality Belt and Road cooperation, my countrys general cargo international logistics industry has maintained a steady development trend, with significantly enhanced professional service capabilities, more diversified and smooth international logistics channels, and a marked improvement in comprehensive support service capabilities. The report states that my countrys general cargo exports will maintain a high overall scale in 2025. The total export value of major general cargo items such as overseas engineering projects, power equipment, construction machinery, and agricultural machinery will exceed US$295 billion, a year-on-year increase of 12%, driving a significant increase in the scale of my countrys general cargo international logistics. In terms of product category structure, electromechanical equipment has the largest export volume, accounting for about 30%.On June 12, 2026, the Ministry of Finance hosted the APEC Senior Finance Officials Meeting in Chengdu, Sichuan Province. Vice Minister of Finance Liao Min attended the meeting and delivered the opening address. Liao Min stated that driven by technological progress and digital transformation, the Asia-Pacific regions economy has maintained rapid growth and remains a crucial engine of the global economy. Currently, the regional economy faces multiple challenges. APEC economies should uphold multilateralism, deepen communication and coordination on macroeconomic policies, accelerate economic transformation, maintain the stability and smooth flow of regional industrial and supply chains, and jointly promote long-term sustainable growth of the Asia-Pacific economy. Liao Min also introduced Chinas economic performance, emphasizing that during the 15th Five-Year Plan period, China will continue to promote high-quality development and high-level opening-up, further expand domestic demand, boost consumption, share Chinas development opportunities and dividends with the world, and jointly build an Asia-Pacific community with a shared future.

Predictions for Gold Prices — Gold prices rose as the dollar weakened

Alina Haynes

May 24, 2022 09:43

Gold prices rise as the dollar weakens to start the week. The currency experienced negative pressure on reduced growth prospects and likely march toward recession. Benchmark rates climbed as shares surged today. Today, the yield on the ten-year Treasury note rose by 3 basis points.

 

On Monday, there was little going on in the world of business. Focus continues on Fed Chair Powell’s speech tomorrow and major economic statistics including PCI and first-quarter GDP published this week. Investors are anxious about impending recession and sluggish economic growth.

Analytical Methods

Gold prices came back from session highs but are still higher and possibly be headed to the 1860s. This week's economic statistics might point to a slowdown in economic growth, which would benefit gold.

 

To begin the week, gold prices held above the 200-day moving average of $1839. Support is indicated near the 200-day moving average near 1839. Resistance is apparent at the May 12th peak of 1858.

 

The Fast Stochastic has formed a crossover buy signal, indicating that the short-term momentum is bullish. Prices are no longer oversold as the fast stochastic prints a value of 54.58, considerably above the oversold trigger level of 20.

 

Medium-term momentum turns bullish as the MACD can provide a crossover buy signal. This occurs as the 12-day moving average minus the 26-day moving average passes below the 9-day moving average of the MACD line.

 

Price declines are predicted by the MACD (moving average convergence divergence) histogram, which shows a downward trend in price.

 

 image.png