Gold remains near six-month lows under pressure from a rally in the dollar, which currently acts as a safe haven, at a time when investors fear a recession and see the US Federal Reserve (Fed) tighten monetary policy.
The yellow metal rose 0.21% to $1,768.51 an ounce, but remained very close to its December 15 low of $1,764.07 last year. In turn, the Bloomberg Dollar Index, which compares the strength of the green note against 10 competing currencies, is at its March 2020 highs, trading at the waterline (0.03%) to 106.48.
“Gold seems to be in second place against the dollar,” Gavin Wendt said in an interview with Bloomberg. A senior analyst at MineLife explains that “gold has performed well this year, but the recent gains in the dollar have had a negative impact on gold, which is priced in dollars.”
This Wednesday, investors will be keeping a close eye on the release of the minutes of the latest Fed meeting as the market looks for clues that the central bank may raise its key interest rate from 50 basis points to 75 basis points next month. The meeting is scheduled for July 26 and 27.
In the Eurozone, the single currency is at the waterline against the dollar (0.07%) at $1.026, but remains at a 20-year low against the green note. The euro-dollar pair will be put to the test this week as analysts believe it’s only a matter of time before the euro equals the dollar, with some even acknowledging that the single currency could be worth less than the dollar.
“It’s only a matter of time before the euro reaches parity with the dollar,” Neil Jones, head of foreign exchange at Mizuho, said in defense, quoted by Bloomberg. Mario Martins, analyst at ActivTrades, goes further and even admits in statements to Negosios that “it is absolutely possible for the euro to be worth less than the dollar. It’s not an absolute case because it hasn’t happened yet, but it’s almost inevitable at the moment. Very possibly this week.”
TWe all have cholesterol. Yes, you read it right. This is the fat that our body produces and circulates in the blood. However, in excess, it is one of the risk factors for cardiovascular disease.
Check out 10 juice recipes that MundoBoaForma says can help lower bad cholesterol. Take paper and pen.
grape sumo
Ingredients: 1 cup black grapes 1/2 cup water sweetener to taste
Preparation mode: one- Wash the grapes well. 2- Add grapes and water to a blender and blend until smooth. 3- Strain and add sweetener if desired.
Orange and eggplant juice
Ingredients: 1 eggplant with skin 200 ml orange sumo sweetener to taste
Preparation mode: one- Add eggplant and orange juice to a blender and blend until smooth. 2- Add sweetener and serve over ice.
Ingredients: 1 cup strawberry tea 100 ml orange sumo 100 ml water 1 dessert spoon of flax seeds 5 mint leaves
Preparation mode: one- Mix the ingredients in a blender and beat until a smooth liquid is obtained. 2- Add sweetener.
Remember that there are two types of cholesterol: HDL (“good”) and LDL (“bad”). “Good” cholesterol is responsible for removing excess cholesterol from the blood and what is deposited in the arteries, transporting it back to the liver, where it is excreted. “Bad” cholesterol transports cholesterol from the liver to tissues where it can be used.
Recommended blood cholesterol values:
Total cholesterol – LDL cholesterol – HDL cholesterol – > 40 mg/dl in men and > 45 mg/dl in women
Summer is still on, but winter is fast approaching, and European countries are making contingency plans to avoid running out of energy while Russia cuts back on the amount of gas it sends to Europe.
Based on a “reasonable worst-case scenario”, the British government is already gearing up for several days of the winter months when the cold could combine with gas shortages, causing “power outages” across the country, reaching industry and homes. .
Unidentified sources tell Bloomberg that London’s forecast is that the electricity grid will only be able to guarantee a sixth of the power during peak demand, after the government presented contingency plans to reopen coal-fired power plants. .
The worst-case scenario assumes that the United Kingdom will suffer blackouts for four days in January 2023 and that it will have to activate measures to reduce gas consumption at a time when gas supplies from Norway and France are also reduced. , while every country tries to secure its supplies for the coldest months of the year.
However, the British government believes that the worst scenario may not materialize, but does not rule out the possibility that, in the end, it will come true.
Bloomberg notes that this problem should be dealt with by whoever succeeds outgoing Prime Minister Boris Johnson next September. In a worst-case scenario, Liz Truss or Rishi Sunak will have an energy and social crisis on their hands, as the British public has expressed great dissatisfaction with a significant increase in the cost of energy, which could double in the face of rising inflation. and reduced purchasing power.
Russian airlines, including state-owned Aeroflot, are stripping planes to secure spare parts they can’t buy abroad due to Western sanctions, Reuters reported, citing four industry sources.
The companies are following Moscow’s guidance in June and are reaching out to some aircraft to get the parts they need to keep the rest of the fleet operational until at least 2025.
A source told Reuters that at least one Sukhoi Superjet 100 and one Aeroflot Airbus A350 are being dismantled, with the Airbus jet being “almost new”.
But the state-owned company has also stripped parts from some Boeing 737s and Airbus A320s to keep other planes of the same model flying.
Almost 80% of Aeroflot’s fleet is owned by the two largest aircraft manufacturers – 134 Boeing and 146 Airbus aircraft, and about 80 aircraft – Russian-made Sukhoi Superjet-100, which, according to the latest data, use many foreign-made parts, Reuters notes.
It will also be difficult for Moscow to buy parts from countries that have not imposed sanctions against Russia after the invasion of Ukraine. Asian and Middle Eastern airlines fear “secondary sanctions” from the West if they supply equipment, a source told the agency.