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On July 25, US President Trump addressed the conflict with Iran during a speech at the White House Correspondents Association Dinner. Trump said, "Everything is going very well. Dont believe the fake news." He went on to say that the US had "devastated Iran," and that Iran no longer possessed naval and air force combat capabilities. He said, "Although youve seen some things, they have very few drones left." Trump added that he believed Iran "very much wants to reach a deal," but felt "theyre not ready yet." Trump stated, "I dont think the time is right, but Im open to listening."On July 25th, Trip.com issued an announcement regarding its sincere acceptance of the administrative penalty decision from the State Administration for Market Regulation: "Today, we received the Administrative Penalty Decision from the State Administration for Market Regulation. We sincerely accept and resolutely comply with this decision, and will strictly adhere to the regulatory requirements, systematically implementing all rectification measures to ensure their effective execution. We will take this penalty as an opportunity to deeply reflect on our actions, reform ourselves, resolutely abandon inefficient involution competition, and steadfastly pursue high-quality development. We will earnestly fulfill our primary responsibility to maintain fair competition in the industry, paying greater attention to the overall interests of our partners, consumers, and all sectors of society, and are committed to building a symbiotic, harmonious, and healthy cultural tourism ecosystem. Looking to the future, we will always adhere to the bottom line of compliant operation, improve our long-term governance mechanism, earnestly fulfill our corporate social responsibility, and contribute our due share to building my country into a tourism powerhouse."July 25th - The latest epidemic report released by the Ministry of Health of the Democratic Republic of Congo (DRC) on the 24th shows that the cumulative number of confirmed cases of Ebola in the country has risen to 2,905, with 1,269 deaths. The report states that the significant increase in confirmed cases and deaths is mainly due to the DRC health authorities completing a unified calibration of regional and national databases on the 22nd, adding some previously uncounted cases. The report shows that as of the 22nd, a total of 722 patients were receiving isolation or hospitalization treatment, and a total of 519 cases have recovered.According to the Associated Press, the U.S. military said on Friday that it fired on another merchant ship attempting to break its blockade of Iranian ports. The U.S. military rendered the oil tanker M/T Lavine unable to navigate in the Gulf of Oman.On July 25, the State Administration for Market Regulation (SAMR) imposed administrative penalties on Trip.com Group Co., Ltd. for abusing its dominant market position and engaging in monopolistic practices, with fines and confiscations totaling 5.179 billion yuan. SAMR will supervise Trip.com to conduct a comprehensive rectification, publicly disclose rectification measures, accept public supervision, effectively protect the legitimate rights and interests of hotel operators and consumers, maintain a market order of quality and fair pricing, and promote industry innovation and healthy development.

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.

 

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