Gold Price Forecast: XAU/USD eyes $1,831 and US inflation – Confluence Detector

Gold gains as dollar retreats after U.S. inflation data

Jan 13 (Reuters) - Gold firmed on Wednesday as data showing U.S. inflation was within expectations dented the dollar and prompted buying from investors who seemed to have priced in the Federal Reserve's likely interest rate hike trajectory.

Gold gains as dollar retreats after U.S. inflation data

Jan 13 (Reuters) - Gold firmed on Wednesday as data showing U.S. inflation was within expectations dented the dollar and prompted buying from investors who seemed to have priced in the Federal Reserve's likely interest rate hike trajectory.

Gold gains as dollar retreats after U.S. inflation data

Jan 13 (Reuters) - Gold firmed on Wednesday as data showing U.S. inflation was within expectations dented the dollar and prompted buying from investors who seemed to have priced in the Federal Reserve's likely interest rate hike trajectory.

Gold gains as dollar retreats after U.S. inflation data

Jan 13 (Reuters) - Gold firmed on Wednesday as data showing U.S. inflation was within expectations dented the dollar and prompted buying from investors who seemed to have priced in the Federal Reserve's likely interest rate hike trajectory.

U.S. inflation rises to another 40-year high of 7%

Higher than previous month's high of 6.8% and in line with expectations

U.S. inflation rises to another 40-year high of 7%

Higher than previous month's high of 6.8% and in line with expectations

US inflation jumped 7% in December as prices rise at rates unseen in decades
December is the seventh consecutive month in which inflation topped 5%, a blow to the Biden administration and Federal Reserve

Lauren Aratani
Wed 12 Jan 2022 08.56 EST
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The price of goods and services in the US continue to rise at rates unseen in decades, jumping 7% in December compared to the same month last year – the seventh consecutive month in which inflation has topped 5%.

US inflation jumped 7% in December as prices rise at rates unseen in decades
December is the seventh consecutive month in which inflation topped 5%, a blow to the Biden administration and Federal Reserve

Lauren Aratani
Wed 12 Jan 2022 08.56 EST
Share on FacebookShare on TwitterShare via Email
The price of goods and services in the US continue to rise at rates unseen in decades, jumping 7% in December compared to the same month last year – the seventh consecutive month in which inflation has topped 5%.

US inflation jumped 7% in December as prices rise at rates unseen in decades
December is the seventh consecutive month in which inflation topped 5%, a blow to the Biden administration and Federal Reserve

Lauren Aratani
Wed 12 Jan 2022 08.56 EST
Share on FacebookShare on TwitterShare via Email
The price of goods and services in the US continue to rise at rates unseen in decades, jumping 7% in December compared to the same month last year – the seventh consecutive month in which inflation has topped 5%.

The West find an excuse to punishing the unfavourable nation. Forced labour tool.

https://www.theguardian.com/global-development/2022/jan/06/uk-faces-legal-action-for-approving-firm-accused-of-using-forced-labour-as-ppe-supplier

After the US ban, the UK government launched its own investigation into the allegations of modern slavery and forced labour concerning Supermax. But in December 2021 Supermax was named as one of the approved suppliers able to pitch for contracts under NHS Supply Chain’s new “framework agreement” for the purchase of surgical gloves.

Supermax has faced persistent allegations of the use of forced labour involving its migrant workforce at factories in Malaysia since 2019. In October 2021, the US banned imports from Supermax after an investigation found “ample evidence” of forced labour. Canada halted federal imports in November 2021, also due to concerns over labour abuses.

In 2019 Supermax workers claimed they had to work 30 days in a row without a day off and had paid high fees in their home countries to get the jobs. The company denied the allegations.

The UK government is facing legal action over its decision to keep using a Malaysian company accused of using forced labour as a supplier of personal protective equipment (PPE) to the NHS.

Lawyers at the London-based law firm Wilson Solicitors have filed for a judicial review of the government’s decision to name the UK subsidiary of the Malaysian company Supermax as one of the approved suppliers in a new £6bn contract for disposable gloves for NHS workers.

UK faces legal action for approving firm accused of using forced labour as PPE supplier
High court to review government’s decision to include subsidiary of Malaysia’s Supermax in £6bn ‘framework’ deal for buying gloves

Don't buy the US dollar, us have many many tool at the back of the house to use to against the unobedient nations.

Us have inflation now and please buy more the US treasury and US dollar. Us want to transfer the inflation to the countries that accept us dollar. I buy your many many products and pay with you many many printed us dollar.

Don't buy the US dollar, us have many many tool at the back of the house to use to against the unobedient nations.

Us have inflation now and please buy more the US treasury and US dollar. Us want to transfer the inflation to the countries that accept us dollar. I buy your many many products and pay with you many many printed us dollar.

Print usd, give free money, interest cut,inflation up. Now is the time pass the US inflation to countries that trade and accepted us dollar. Fed taper and rate hike to pump back the money back to us and use printed many many us dollar to buy goods oversea. By this, you help us ambil all the inflation to the countries. Oversea investors, please buy more us treasury and invest to us.

https://www.bharian.com.my/dunia/lain-lain/2022/01/909777/saintis-lapor-penemuan-strain-baharu-covid-19-deltacron

DUBAI/WASHINGTON (Reuters) -- The United Arab Emirates has informed the United States that it will suspend discussions to acquire F-35 fighter jets, a UAE official said on Tuesday, part of a $23 billion deal that also includes drones and other advanced munitions.

The sale of 50 F-35 warplanes made by Lockheed Martin to the UAE had slowed amid concerns in Washington over Abu Dhabi's relationship with China, including use of Huawei 5G technology in the country.

"Technical requirements, sovereign operational restrictions, and cost/benefit analysis led to the re-assessment," the UAE official said in a statement to Reuters that confirmed a report in the Wall Street Journal.

DUBAI/WASHINGTON (Reuters) -- The United Arab Emirates has informed the United States that it will suspend discussions to acquire F-35 fighter jets, a UAE official said on Tuesday, part of a $23 billion deal that also includes drones and other advanced munitions.

The sale of 50 F-35 warplanes made by Lockheed Martin to the UAE had slowed amid concerns in Washington over Abu Dhabi's relationship with China, including use of Huawei 5G technology in the country.

"Technical requirements, sovereign operational restrictions, and cost/benefit analysis led to the re-assessment," the UAE official said in a statement to Reuters that confirmed a report in the Wall Street Journal.

When economy no money, print more usd, inflation rise, fed taper and rate hike to buang semua inflation to other countries who accepted usd. Very bijak.

Us is the emperor and ruler of the world.

Us is the emperor and ruler of the world.

Don't listen to us, us angry and find excuses to kacau you.

Don't listen to us, us angry and find excuses to kacau you.

That put Singapore in the company of Afghanistan, North Korea and Syria under a category of destinations which Americans are told to avoid because of high infections.

That put Singapore in the company of Afghanistan, North Korea and Syria under a category of destinations which Americans are told to avoid because of high infections.

This is happen when us not happy with you and find an excuse to blame and kacau you. Just like us don't happy with your country, find an excuse of forced labour to your country company etc gloves companies over forced labour claim.

This is happen when us not happy with you and find an excuse to blame and kacau you. Just us like don't happy with your country, find an excuse of forced labour to your country company etc gloves companies over forced labour claim.

The CDC's designation surprised officials in Singapore, which maintains far stricter testing and social distancing measures than the US, and its Ministry of Health posts detailed virus statistics in English online every day.

In response, Singapore said it would share its Covid-19 statistics with the CDC and the local US embassy.

"Just to be clear, we know our situation very well," Health Minister Ong Ye Kung told reporters on Wednesday.

The CDC's designation surprised officials in Singapore, which maintains far stricter testing and social distancing measures than the US, and its Ministry of Health posts detailed virus statistics in English online every day.

In response, Singapore said it would share its Covid-19 statistics with the CDC and the local US embassy.

"Just to be clear, we know our situation very well," Health Minister Ong Ye Kung told reporters on Wednesday.

WASHINGTON - The United States Centres for Disease Control and Prevention (CDC) is working with Singapore's Ministry of Health regarding the country's Covid-19 testing data, the US agency told Bloomberg News on Thursday (Jan 6).

The CDC will also update its Travel Health Notice for Singapore accordingly.

The move comes days after the CDC earlier this week reclassified its Covid-19 advisory for Singapore and said the situation in the country was "unknown".

WASHINGTON - The United States Centres for Disease Control and Prevention (CDC) is working with Singapore's Ministry of Health regarding the country's Covid-19 testing data, the US agency told Bloomberg News on Thursday (Jan 6).

The CDC will also update its Travel Health Notice for Singapore accordingly.

The move comes days after the CDC earlier this week reclassified its Covid-19 advisory for Singapore and said the situation in the country was "unknown".

Fed Mapping Out Its Bond Purchase Reduction Plan

As such, that portfolio turned into $8.76 trillion in holdings, and even with the threat of the Omicron variant, the Fed was already tapering off its bond purchases. Now comes the time to start expunging as the inflation narrative also weighs heavy on the capital markets in addition to COVID-19.

"At their policy meeting last month, officials agreed to wind down their bond-purchase stimulus program more quickly amid growing concerns about high inflation, setting it on track to end in March," the Wall Street Journal reports. "Officials began discussing at that meeting what should happen to the bond holdings after that point, and some are pushing to start shrinking them sooner and faster than they did after an earlier asset-purchase program."

Fed Minutes Point to Possible Rate Increase in March
Officials also are considering an earlier timetable for shrinking their $8.76 trillion bond portfolio

Fed Minutes Point to Possible Rate Increase in March
Officials also are considering an earlier timetable for shrinking their $8.76 trillion bond portfolio

Fed Minutes Point to Possible Rate Increase in March
Officials also are considering an earlier timetable for shrinking their $8.76 trillion bond portfolio

https://www.wsj.com/articles/fed-minutes-reflect-growing-unease-over-high-inflation-11641409628

January 6, 20229:51 AM +08Last Updated 6 hours ago
European Markets
Dollar near five-year high to yen as U.S. yields surge on hawkish Fed

https://www.reuters.com/markets/europe/dollar-near-five-year-high-yen-us-yields-surge-hawkish-fed-2022-01-06/

SHANGHAI, Jan 6 (Reuters) - Asian shares fell on Thursday, extending a global slump after Federal Reserve meeting minutes pointed to a faster-than-expected rise in U.S. interest rates due to concerns about persistent inflation.

https://www.reuters.com/markets/europe/global-markets-wrapup-1-2022-01-06/

SHANGHAI, Jan 6 (Reuters) - Asian shares fell on Thursday, extending a global slump after Federal Reserve meeting minutes pointed to a faster-than-expected rise in U.S. interest rates due to concerns about persistent inflation.

https://www.reuters.com/markets/europe/global-markets-wrapup-1-2022-01-06/

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