EUR/USD 1.11996
-0.098%
Gold 4195.24
1.495%
Oil 90.859
0.338%
USD/JPY 158.272
0.241%
GBP/USD 1.32402
0.094%
GBP/JPY 209.561
0.337%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 12, Ukrainian President Volodymyr Zelenskyy stated on October 11 that Ukraine "supports a practical and credible ceasefire and a way to end the war," and that Ukraine is "willing not to attack Russian energy facilities and expects Russia to take the same action." He welcomed the energy ceasefire agreement announced by US President Trump and hoped it would be truly implemented. Zelenskyy also said that the Ukrainian Armed Forces had received the relevant orders. Ukraine is awaiting the specific details of the dialogue between the US and Russia and expects Russian President Vladimir Putin to fulfill the commitments made by Trump.Polish central bank governor: There is a high probability that interest rates will remain stable until the end of the year.On October 12, it was reported that on October 11 local time, the Iranian Islamic Revolutionary Guard Corps Navy announced that all ships that have turned off their navigation and identification systems in the Strait of Hormuz will be considered "hostile targets" and will be dealt with severely and decisively.Ukrainian President Zelensky: Ukraine desires peace. The question is whether Russia also desires peace. The Ukrainian Armed Forces have received all appropriate orders. We are awaiting clear details of the dialogue between the US and Russia and expect Putin to implement what President Trump announced.Ukrainian President Zelensky: Ukraine has proposed many measures to de-escalate the situation. Putins response to all of this can be summed up in one word—"No."

Gold Price Forecast: XAU/USD views $1,800 as upbeat US labor market fuels hawkish Fed wagers

Alina Haynes

Mar 09, 2023 13:55

27.png 

 

Gold price (XAU / USD) appears vulnerable above $1,810.00 as the upside appears constrained by rising Federal Reserve rate expectations (Fed). The precious metal is anticipated to resume its decline as strong United States Employment data reported by Automatic Data Processing (ADP) has confirmed that January's strong consumer spending and higher payrolls were not a one-time blow to the Consumer Price Index's decline (CPI).

 

S&P500 futures have given up the slight gains they made on Wednesday during the Asian session. As China's CPI and Producer Price Index (PPI) figures indicate deflation, the risk-aversion theme has intensified. The US Dollar Index (DXY) has maintained a sideways trend above 105.20 as investors await the publication of US Nonfarm Payrolls (NFP) data for fresh direction signals. The alpha provided by 10-year US Treasury bonds has risen above 3.98 percent.

 

The official US Employment data is expected to indicate a decline in the payrolls to 203K from the former release of 514k. A figure of 203K is not as terrible as January's 514K figure, but it appears insignificant in comparison. Investors should be aware that a figure of 514K in the last seven months was exceptional.

 

Aside from that, it is anticipated that the unemployment rate will remain at a multi-decade low of 3.4%. The Average Hourly Earnings are expected to ascend to 4.8% on an annual basis. Household income may increase consumer expenditure. Jerome Powell, the chairman of the Federal Reserve, has already confirmed that the Fed will increase interest rates in order to reduce inflation.


Suggestion