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FIFA President Gianni Infantino: Iran will participate in the World Cup and will play in the United States.On May 1st, Iranian President Peskhziyan posted on social media on the 30th local time, stating that the international community has witnessed Irans restraint and pursuit of peace, while the continued maritime blockade by relevant countries is intolerable. He pointed out that measures taken under the guise of a "maritime blockade" are in reality a continuation of military operations, and these are all aimed at a country that is resisting in order to maintain its independence.The Indian government has set the export duty on diesel fuel at 23 rupees per liter and the export duty on aviation kerosene at 33 rupees per liter.The Indian government has stated that the current excise tax rates for domestically consumed gasoline and diesel will remain unchanged.On May 1st, the U.S. House of Representatives unanimously passed a bill on Thursday that had already been approved by the Senate, providing funding for most of the Department of Homeland Security. This move will soon end a 76-day partial shutdown that has plagued many key agencies as they struggle to maintain operations and pay employee salaries. The bill passed by voice vote and is now being sent to President Trump for his signature. Once the president signs the bill, the Department of Homeland Security shutdown will end. The shutdown, which began on February 14th, was the longest partial government shutdown in U.S. history. Democrats opposed funding for Immigration and Customs Enforcement and the Border Patrol, two agencies within the Department of Homeland Security that have spearheaded Trumps immigration policies.

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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