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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."

Look at $1727 under the international gold price

Oct 26, 2021 10:59

On Wednesday (October 6), international gold prices continued to fall, as the dollar’s strength and the rise in the yield of US 10-year Treasury bonds weakened the attractiveness of gold. Investors focused on US non-agricultural employment data later this week.

At 14:14 GMT+8, spot gold fell 0.37% to US$1753.79 per ounce; the main COMEX gold contract fell 0.40% to US$1753.0 per ounce; the US dollar index rose 0.15% to 94.126.


The 10-year U.S. Treasury yield hit a high of 1.571% since June 18, and the US dollar is close to 94.504, the highest point since September 28 last year recorded last week, weakening the attractiveness of gold to holders of other currencies.

David Meger, director of metal trading at High Ridge Futures, said that the dollar and U.S. bond yields have risen after a slight correction in the past few days, as well as the stock market rebound, which is driving down gold prices.

Friday (October 8) US employment data is expected to show that 470,000 new jobs will be added in September. This data is critical to the timetable for the Fed to cut its economic support.

On the daily chart, the price of gold has started a three-wave downward trend from US$1770. The support below looks to the 23.6% target of US$1744 and the 38.2% target of US$1727. Wave 3 is a sub-wave of the downward (3) wave that started at $1834. (3) Wave is a sub-wave of the downward ((Y)) wave that started from 1917 USD. The ((Y)) wave belongs to the adjusted IV wave that started at $2,075.

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