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Hello everyone, today XM Forex will bring you "[XM Group]: Oil prices fell by more than 2%, the Federal Reserve may "hawkishly cut interest rates", gold prices suffered a setback and returned to below 4200, and Iraqi oil fields resumed production." Hope this helps you! The original content is as follows:
On Tuesday (December 9, Beijing time), spot gold was trading around US$4,193 per ounce. Gold prices fell slightly on Monday as investors remained cautious ahead of the Federal Reserve’s monetary policy meeting. Cautious, the market expects the Federal Reserve to cut interest rates hawkishly, and is waiting for clear signals on the future path of interest rates; U.S. crude oil is trading around US$58.85 per barrel, and oil prices fell significantly by more than 2% on Monday, mainly affected by the resumption of production at Iraq's large oil fields and the market's continued focus on Ukraine peace negotiations.
U.S. stocks closed down across the board on Monday, with the market trading cautiously ahead of the Federal Reserve’s monetary policy decision. The Dow Jones Industrial Average fell 0.45%, the S&P 500 closed down 0.35%, and the Nasdaq fell 0.14%.
The market focus is entirely on the upcoming Federal Reserve interest rate decision, with traders currently predicting that the probability of a 25 basis point interest rate cut is about 89%. At the same time, rising U.S. 10-year Treasury yields also put pressure on the stock market.
In terms of sectors, only the technology sector in the S&P 500 bucked the trend and rose 0.9%, mainly driven by heavyweight stocks such as Microsoft and Nvidia. The cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cnmunications services sector fell 1.8%, the worst performer, mainly dragged down by the decline in the share prices of cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cnflix and Google parent cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cnpany Alphabet.
Individual stocks performed actively. Paramount Skydance shares surged 9% as it launched a hostile takeover bid for Warner Bros. in an effort to overpower cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cnflix. Confluent surged 29% after IBM announced it would acquire the cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cnpany for about $11 billion. TesThe stock price fell 3%, affected by Morgan Stanley's pessimistic view.
Gold prices fell slightly on Monday as investors remained cautious ahead of the Federal Reserve's monetary policy meeting, waiting for clear signals on the future path of interest rates. Spot gold finally closed down 0.2% at $4,189.49 an ounce.
The market is generally expecting the Federal Reserve to announce a 25 basis point interest rate cut at Wednesday's meeting, with traders currently betting on an 89% chance of a rate cut. Analysts pointed out that despite the short-term pressure on gold prices, gold's long-term prospects remain promising, supported by strong fundamentals such as the central bank's continued gold purchases, a possible weakening of the U.S. dollar and geopolitical hedging demand.
Other precious metals were mixed, with silver falling 0.5% to $57.98 an ounce, platinum falling slightly by 0.1%, and palladium rising slightly by 0.2%.
Oil prices fell significantly by more than 2% on Monday, mainly affected by the resumption of production at Iraq's large oil fields and the market's continued focus on the Ukrainian peace negotiations. The settlement price of Brent crude oil futures fell 1.98% to US$62.49 per barrel; US crude oil futures fell 2% to US$58.88 per barrel.
Market analysis pointed out that Iraq’s West Qurna 2 oil field resumed production after a brief suspension. This return of supply with a daily output of approximately 460,000 barrels directly suppressed oil prices.
At the same time, investors are also weighing the possibility of progress in Ukraine negotiations. An end to the conflict may promote an increase in Russian oil exports, which will put downward pressure on the market. In addition, the Federal Reserve's upcoming policy meeting, where internal opinions may be divided, has also heightened market caution.
The U.S. dollar index rose 0.1% to 99.07 on Monday, as the market generally expects that the Federal Reserve will carry out a "hawkish interest rate cut" this week, which may signal that it will act cautiously in the future while cutting interest rates, providing support for the dollar. At the same time, the Japanese yen fell across the board due to a strong earthquake in Japan.
The market has all but priced in an interest rate cut by the Federal Reserve this week, but investors believe its policy statement and Chairman Powell's speech may signal a higher threshold for further rate cuts. This expectation brings support to the US dollar.
The yen weakened after a strong earthquake hit northeastern Japan on Monday. There is speculation that the Bank of Japan may delay an interest rate hike planned for next week, depending on the extent of the disaster's damage. USD/JPY rose 0.3% to 155.97.
A number of central banks including Australia, Canada, Switzerland and Brazil will also hold meetings this week, but they are all expected to keep interest rates unchanged. Among them, due to Australia's strong data, the market has begun to expect that it may raise interest rates next year.
EUR/USD fell slightly to 1.1639, but European Central Bank officials hinted that the next step may even be to raise interest rates, which contrasts with the path of the Federal Reserve.
The Australian dollar hit a two-and-a-half-month high on Monday, but fell 0.3% to 0.66 in late New York due to the strength of the U.S. dollar.twenty one. The Canadian dollar fell 0.3% against the U.S. dollar to 1.3850, with the Bank of Canada widely expected to remain on hold this week.
According to Nippon Raw Materials Corporation, after a strong earthquake occurred off the coast of Aomori Prefecture, Japan late at night on December 8, staff at the nuclear waste treatment plant in Rokkasho Village, Aomori Prefecture, inspected the spent fuel pool and found that "at least more than 100 liters of water" were on the ground around the pool. According to analysis, the water "may be caused by the overflow of water in the spent fuel pool caused by seismic shaking." However, it is said that the spilled water "remained inside the building and had no impact on the external environment." Nippon Hara Co., Ltd. also stated that since the water level of the spent fuel pool was "maintained" and the cooling function was "maintained normally," there was "no safety issue." It is said that so far, "no other anomalies caused by this earthquake have been found," and the readings of monitoring instruments used to measure radiation doses around the facility have "not changed."
The U.S. White House said that the national average price of regular gasoline is at its lowest level in 1,681 days, and the trend is still declining. According to GasBuddy, average gas prices have fallen below $3 per gallon in 37 states, below $2.75 per gallon in 22 states, and below $2.50 per gallon in five states. In fact, Americans can even find gas for under $2 a gallon at some gas stations in at least four states.
US President Trump announced at the White House on the afternoon of the 8th that the federal government will provide US$12 billion in aid to American farmers to cope with the "backlash" of US tariff policies on US agriculture. The Trump administration introduced a large-scale tariff increase policy earlier this year, disrupting the global trade order and causing disruption to the U.S. export market. The low prices of agricultural products such as soybeans and corn in the United States, coupled with the rising costs of chemical fertilizers and agricultural machinery, have made it difficult for American farm operations to be profitable, and many farmers are in trouble.
White House National Economic Council Director Hassett said on Monday that it would be "irresponsible" for the Federal Reserve to announce the interest rate path for the next six months in advance. He emphasized that monetary policy should be adjusted flexibly based on economic data. "The job of the Fed chairman is to keep an eye on the data, make adjustments when appropriate, and explain why certain actions are taken," Hassett said. "It would be irresponsible to say, 'I'm going to do this in the next six months.'" As the favorite to succeed current Chairman Powell, Hassett was asked how many more interest rate cuts he expected to need in 2026. He avoided specific predictions: "I don't want to disappoint everyone with speculation on the number of interest rate cuts, but I can say that the key is to look at the data." Hassett praised Powell for effectively coordinating opinions within the FOMC before this meeting: "II think he has done a good job in ‘managing a house full of cats’ and successfully built a consensus on interest rate cuts. I believe Powell agrees with me that we should probably keep lowering interest rates. ”
US President Trump said that if we are to continue to lead in the field of artificial intelligence, there must be only one rule book. So far, we have defeated all countries in this cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cnpetition, but if With 50 states involved in the rulemaking and approval process, and many of them likely to break the rules, that advantage will disappear quickly. There is no doubt that AI will be destroyed in its infancy! You can't expect one cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cnpany to do something every time! Everything must be approved by 50 states. This will never work!
European cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cnmission President von der Leyen said that although the peace negotiations are still advancing, the EU’s support for Ukraine will be unwavering. and maintain a strong position at the negotiating table. She emphasized that Ukraine’s sovereignty must be respected in the long run, because Ukraine is the EU’s first line of defense.
The State Administration of Taxation held a press conference today. The relevant person in charge said that in the first 11 months of this year, the high-quality development of my country's manufacturing industry has accelerated, and the manufacturing industry has achieved remarkable results in high-end, intelligent, and green transformation. The latest value-added tax invoice data shows that, In the first 11 months of this year, the high-end development of the manufacturing industry accelerated. The sales revenue of the equipment manufacturing industry increased by 8.3% year-on-year. In particular, the sales revenue of the cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cnputer cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cnmunication equipment manufacturing industry and the instrument manufacturing industry increased by 12.3% and 10.3% year-on-year respectively, reflecting the accelerated advancement of high-end manufacturing. The pace of upgrading is also accelerating.
Data released by the General Administration of Customs on December 8 showed that in November 2025, the total import and export value of my country's goods trade was 3.9 trillion yuan, a year-on-year increase of 4.1%, an increase from the previous month. Faster than 4 percentage points. As of November, my country's imports and exports of goods have maintained year-on-year growth for 10 consecutive months. In the first 11 months of this year, the total import and export value was 41.21 trillion yuan, a year-on-year increase of 3.6%.
The above content is about "[XM". Group]: Oil prices fell by more than 2%, the Federal Reserve may "hawkish interest rate cuts", gold prices suffered a setback and returned to below 4200, and Iraq's oil fields resumed production." The entire content was carefully cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cn.xmtdhf.cnpiled and edited by the editor ofTo carry out work, we must analyze, research, summarize, and concentrate on the experience and lessons of previous work, and rise to a theoretical level to understand.