Mengonfirmasi Anda bukan dari AS atau Filipina

Dengan memberikan pernyataan ini, saya secara tegas menyatakan dan mengonfirmasikan bahwa:
  • Saya bukan warga negara atau penduduk AS
  • Saya bukan penduduk Filipina
  • Saya, secara langsung maupun tidak langsung, tidak memiliki lebih dari 10% saham/hak suara/kepentingan dari penduduk AS dan/atau tidak mengontrol warga negara atau penduduk AS dengan cara lain
  • Saya tidak berada di bawah kepemilikan langsung atau tidak langsung untuk lebih dari 10% saham/hak suara/kepentingan dan/atau berada di bawah kontrol warga negara atau penduduk AS dengan cara lain
  • Saya tidak berafiliasi dengan warga negara atau penduduk AS dalam hal Bagian 1504(a) dari FATCA
  • Saya menyadari tanggung jawab saya jika membuat pernyataan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah dependen AS disamakan dengan wilayah utama AS. Saya berkomitmen untuk membela dan membebaskan Octa Markets Incorporated, direktur dan pejabatnya dari klaim apa pun yang timbul akibat atau terkait dengan pelanggaran apa pun atas pernyataan saya.
Batalkan Konfirmasi
Kami berkomitmen menjaga privasi dan keamanan informasi pribadi Anda. Kami hanya mengumpulkan email untuk menyediakan penawaran khusus dan informasi penting tentang produk dan layanan kami. Dengan memberikan alamat email, Anda setuju untuk menerima surat tersebut dari kami. Jika Anda ingin berhenti berlangganan atau memiliki pertanyaan maupun permasalahan, silakan hubungi Layanan Pelanggan kami.
Konfirmasi
Octa trading broker Mendaftar Masuk
Octa trading broker
Buka akun trading
Berita trading
Back
24 Oct 2022

Gold Price Forecast: XAU/USD slides below $1,650 level amid broad-based USD strength

  • Gold comes under renewed selling pressure on Monday amid a strong pickup in demand for the USD.
  • The prospects for more aggressive tightening by major central banks further weigh on the XAU/USD.
  • Recession fears could lend some support to the metal and warrant some caution for bearish traders.

Gold meets with a fresh supply near the $1,670 region, or over a one-week high set earlier this Monday and extends its intraday descent through the first half of the European session. The XAU/USD slides back below the $1,650 level and erodes a part of Friday's goodish rebound from the vicinity of the YTD low.

The US dollar makes a solid comeback and rebounds swiftly from over a two-week low, which, in turn, is seen as a key factor exerting downward pressure on the dollar-denominated gold. Despite reports that some Fed officials are signalling greater unease with oversized rate hikes, investors seem convinced that the US central bank will stick to its aggressive policy tightening cycle. This, in turn, remains supportive of elevated US Treasury bond yields and helps the greenback to regain positive traction.

Furthermore, other major central banks - the European Central Bank and the Bank of England- are also expected to deliver a jumbo rate hike at the upcoming policy meetings. This turns out to be another factor driving flows away from the non-yielding yellow metal. Apart from this, a slight recovery in the risk sentiment - as depicted by a positive tone around the equity markets - is also seen weighing on the safe-haven gold. That said, growing recession fears could help limit losses for the metal.

Investors remain concerned about the economic headwinds stemming from rapidly rising borrowing costs and the protracted Russia-Ukraine. This, along with China's strict zero-COVID policy, has been fueling concerns about a deeper global economic downturn. The mixed fundamental backdrop warrants some caution before placing aggressive bearish bets around gold and positioning for any further slide. Traders now look to the flash US PMI prints for some impetus later during the early North American session.

Technical levels to watch

 

Oct 24, 2022

USD to come down further on comments highlighting the calibration topic – MUFG

Federal Reserve’s rhetoric shift provides some balance to FX markets. More comments on calibrating the pace of further policy tightening could weigh o
Baca selengkapnya Previous
Oct 24, 2022

GBP/USD to decline further in the coming weeks and months – HSBC

On 20 October, Liz Truss resigned as UK Prime Minister, becoming the shortest-serving British PM in history. Despite policy U-turns, the GBP still fac
Baca selengkapnya Next