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On August 24th, according to the latest data from OpenRouter, the total global AI large-scale model usage last week (August 17th to August 23rd) reached 93.3 trillion tokens, a 23.9% increase week-on-week. Among the listed AI large-scale models, Chinese AI large-scale models saw a weekly usage of 40.48 trillion tokens, a 9.88% increase week-on-week; while US AI large-scale models saw a weekly usage of 9.66 trillion tokens, a 5.85% decrease week-on-week. Chinese large-scale models have surpassed the US in weekly usage for seventeen consecutive weeks, firmly holding the top spot globally. Last week, Chinese AI large-scale models occupied four of the top five spots in global usage. DeepSeek-V4-Flash official version ranked first for the third consecutive week, with a weekly usage of 11.6 trillion tokens, a 4% increase week-on-week. An anonymous model codenamed Ox Alpha broke into the top two, with a weekly usage of 11.6 trillion tokens. According to OpenRouter, Ox Alpha was launched on August 20th. Its context window has approximately 1.048 million tokens, and the maximum output length is 131,000 tokens. It also supports text, image, and video input and is available for free during the preview period.On August 24th, according to the Guangxi Zhuang Autonomous Region Hydrological Center, from 8:00 AM on August 23rd to 8:00 AM on August 24th, moderate to heavy rain fell in parts of Wuzhou, Fangchenggang, Chongzuo, Guigang, Nanning, and Yulin, with some areas experiencing torrential to extremely heavy rain. Affected by upstream water flow and heavy rainfall in the region, 20 stations on 15 rivers, including the Zuojiang River and its tributaries Heishui River and Pingxiang River, the Mingjiang River and its tributaries Gongan River, Pailian River, Sizhou River, Pinger River, and Beilun River, experienced floods exceeding warning levels by 0.07 meters to 6.96 meters. The Guangxi Zhuang Autonomous Region Hydrological Center continued to issue a red flood warning at 8:00 AM on August 24th, urging relevant units and the public in the riverside areas of Chongzuo, Nanning, and Guigang to strengthen precautions and take timely evacuation measures.On August 24th, Goldman Sachs reiterated that if Persian Gulf liquefied natural gas (LNG) exports fail to increase further, maintaining European TTF gas prices at €65 per megawatt-hour will not be sufficient for Europe to effectively manage its inventory during the winter. If LNG exports via the Strait of Hormuz do not improve, European gas prices (TTF) will need to rise further to curb Asian LNG demand, thereby releasing more cargoes to Europe and helping to maintain its gas inventory levels. Goldman Sachs estimates that in a scenario where Middle Eastern energy exports do not gradually return to normal until 2027, TTF gas prices for December 2026 delivery may need to rise to over €100 per megawatt-hour (assuming normal average winter temperatures), 110% higher than the banks baseline scenario of €50 per megawatt-hour, to more significantly curb Asian LNG demand.On August 24th, Joseph Carson, former chief economist at AllianceBernstein, questioned why U.S. Treasury Secretary Bessent had kept his excellent plan to reduce the national debt so secret. He suggested the reason might be that Bessent simply didnt have such a plan, and the Trump administration would continue to promote a misleading narrative to try and convince the market that he did. Carson added that Bessent doesnt control U.S. federal spending, as that power belongs to Congress. Without congressional approval, Bessent cannot change tax policy.According to the Wall Street Journal, sources familiar with the matter revealed that California is expected to require Paramount to divest some of its cable television channels and pledge to keep its film studios independent from Warner Bros. ahead of the merger between Paramount and Warner Bros.

Forecast for Gold: XAUUSD retreats from $1800 on rising US yields

Daniel Rogers

Aug 12, 2022 11:59

 截屏2022-06-07 下午5.14.22.png

 

While it had been trending upwards, gold's daily performance took a sour turn and it is now trading below $1800. During the American session, the XAUUSD reached a high of $1799 before turning down and heading below $1785.

 

Despite predictions of a 0.2% monthly increase, data released on Thursday indicated that the US Producer Price Index decreased by 0.5% in July, bringing the annual rate down to 9.8%. The Consumer Price Index did not move in July, contrary to predictions of a 0.2% increase, according to data released on Wednesday. The US currency fell because of the inflation rate going down.

 

Investors continue to count on a rate hike of 50 basis points or more from the Federal Reserve at their September meeting. U.S. rates have risen despite though a peak in US inflation is more likely, which is surprising. Both the US 10-year yield (now at 2.83%) and the 2-year yield (3.20%) are at their highest levels in nearly a week.

 

Increased US yields capped gold's gains. The inability of the XAU/USD pair to maintain a price over $1800 despite the recent US data has fueled skepticism that the rally will continue. Weekly support is found around $1774, and the immediate support is at $1785. Additional gains appear likely if the price of gold can consolidate over $1800.