Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
The UK Consumer Price Index (CPI) for September has decreased to 1.7% year-on-year, falling short of the expected 1.9%. Additionally, Core CPI declined to 3.2% year-on-year, down from the previous month’s 3.6% and below the anticipated 3.4%. This dip in CPI is below the Bank of England's (BoE) target of 2%, raising the likelihood of a rate cut at the upcoming BoE meeting. Following the disappointing UK CPI data, the probability of a rate cut has surged to 80%, which is viewed negatively for the Pound Sterling.
Key Technical Levels
Major Resistance: 1.3070
Near-term Resistance: 1.3020
Minor Support Levels: 1.2960, 1.2880
Trend Reversal Level: 1.3150
