Iranian Foreign Minister Abbas Araghchi says that the nuclear issue will be discussed in the final stage of negotiations with the US, Al Arabiya reports
Araghchi says that a new round of negotiations between the US and Iran will begin in Switzerland on Friday
Araghchi says any Israeli attack on Lebanon or occupation of territory is a violation of the agreement with the US
The official start of the Memorandum of Understanding will be on Friday, he adds
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Gold prices retraced from 4560 zone to almost 4500 as we progress towards 1st #Fed press conference from new chairman.
Before ceasefire announcement I was sure that statement would be hawkish due to rising inflation , but now chairman has good excuse not to go hawkish. He might inject that since Oil prices have retraced from 120$ to 80$. Inflation risk is lower now.
BOJ already hiked interest rates due to inflation. Remember , BOJ didn't even raise rates after Covid. But they were forced to hike rates now due to higher energy prices and raging inflation
We will know more on #fomc chairman statement tomorrow.
Currently gold support stands at 4290. Below this expect sellers to rule upto 4270 and 4250
Resistance at 4350. Trend is positive
Crude oil still hovering around 80$ since yesterday. Good support at 79.20 and resistance at 82.50
No major trend in Oil as trend is weak but movements are flat
This weekend watched 2 movies
1st
#Bhootbangla ...what an outdated comedy.. No jokes landed , outdated horror. @akshaykumar sir train ka role bhi aap hi kr lete. Villain bhi khud hero bhi mein
2nd
#karuppu ... what a powerful integration of godly justice into indian justice system, needed more in 2nd half but its a paisa vasool movie @Suriya_offl when is next ?
Israeli Defence Minister Israel Katz has said he and PM Benjamin Netanyahu are leading a clear policy that Israeli forces will remain in the "security zones" in Lebanon, Syria and Gaza
Withdrawing forces from Lebanon was one of the point of Peace deal
Lets see what happens this Friday
#DailyMarketFix
So finally Trump announced peace deal and gold prices jumped more than 100$ in opening. Signing would be on Friday.
Till Friday I would follow the skeptical approach rather rejoicing peace deal as its been months since we keep hearing signing and deal terms.
Once this is signed we may rejoice and conclude this.
Before Friday we have #FOMC meeting and new #Fed chairman will speak 1st time. Not expecting any rate hike this time but fed guidance will be important
Currently gold prices trading at 4310. Good support at 4270. Resistance at 4351
Crude oil also tested near 80$ and good support in oil prices at 78.50$
Will keep an eye out for any developments
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Iran's Speaker of the Parliament Ghalibaf responds after Israel attacks Beirut, Lebanon, on the same day President Trump said a peace deal was coming.
He says the Israeli attacks have "shown that America either lacks the will to fulfill its commitments or the ability to do so."
"By giving the green light to the regime, you cannot gain concessions. The game of bad cop and good cop is outdated. If you lack the will and ability to fulfill your commitments, speaking of continuing the path is not possible," Ghalibaf says.
The Iran Deal appears to be at risk again.