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On September 2nd, Doubao launched two new features: First, multi-agent parallel processing. In this mechanism, the main agent responsible for the organization will break down tasks, assigning more specialized or vertical tasks to different sub-agents. Second, Mac-based computer operation functionality, allowing Doubao to perform local GUI operations, enabling users to understand the interface and complete tasks even without MCP, API, plugins, or CLI.On September 2, Foreign Ministry Spokesperson Guo Jiakun held a regular press conference. A reporter asked, "It is understood that at the second G20 Finance Ministers and Central Bank Governors Meeting held from August 31 to September 1, no communiqué was issued because China held differing views on the issue of global imbalances. What is Chinas comment on this?" Guo Jiakun stated, "We have noted that the parties held differing views on relevant issues at the just-concluded G20 Finance Ministers and Central Bank Governors Meeting. China deeply regrets that the meeting failed to issue a communiqué. As the main platform for international economic cooperation, the G20 should coordinate important global economic issues objectively, fairly, and in a balanced manner based on the principles of consensus and equal participation. China expects the United States, as the chair country, and all members to adhere to this principle, fully respect the legitimate concerns of all parties, and promote positive outcomes at the 2026 Miami Summit."On September 2nd, Foreign Ministry Spokesperson Guo Jiakun held a regular press conference. A Bloomberg reporter asked, "It has been reported that Russian President Vladimir Putin discussed the possibility of a trilateral meeting between China, Russia, and the United States during their talks with Chinese leaders at this years APEC summit hosted by China. What is the Foreign Ministrys comment on this?" Guo Jiakun replied, "Regarding your question, I currently have no information to provide." He added, "As the host of this years APEC summit, China is willing to work with all parties to ensure the success of the APEC China Year and make new contributions to promoting economic growth in the Asia-Pacific region and the world."German Foreign Minister Waldfol: I see strong support and unity within the EU; Europe is united.On September 2, the Iranian Islamic Revolutionary Guard Corps (IRGC) announced that, in retaliation for previous US attacks, it conducted a joint missile and drone strike against the US Ali Salim Air Base in Kuwait in the early hours of the day. Targets included US commanders command and accommodation areas, drone hangars, and the tarmac. The announcement stated that the attack resulted in the deaths of several US personnel, the destruction of multiple drones involved in the attacks on Iran, and fires at the hangars and tarmac. The IRGC stated that this operation was conducted concurrently with attacks on US bases in Jordan, Bahrain, and Erbil, Iraq.

Forecast for the price of gold: XAU/USD eases below the $1,804 barrier as Fed hawks back off due to weaker US inflation

Alina Haynes

Aug 11, 2022 11:58

 截屏2022-08-10 上午11.45.08_1024x576.png

 

US inflation-driven gains in the price of gold (XAU/USD) are fading as the metal declines to $1,790 on Thursday during the opening Tokyo session. The recent decline in the price of precious metals may be related to conflicting worries about the US Federal Reserve's (Fed) upcoming actions as well as Sino-American friction.

 

On Wednesday, the US Consumer Price Index (CPI) fell to 8.5% YoY in July, below the 8.7% consensus and the 9.1% reading from June. According to Reuters, US President Joe Biden stated on Wednesday that there are some indications that inflation may be decreasing after the US released its inflation data. In the coming months, there may be more challenges for us to overcome, Biden continued. US President Biden continues, "We still have work to do, but we're on track."

 

Following the CPI report on Wednesday, traders of futures linked to the Fed's benchmark interest rate reduced their bets on a third consecutive 75-basis-point raise at its policy meeting on September 20-21 and now see a half-point increase as the most likely scenario, according to Reuters.

 

Neel Kashkari, president of the Minneapolis Fed, recently stated that the Fed is "far, far away from declaring success" on inflation. Additionally, the decision-maker stated that he hasn't "seen anything that changes" the need for the Fed to raise its policy rate to 3.9% by year's end and to 4.4% by the end of 2023. Charles Evans, president of the Chicago Fed, said in another place that a recession would likely require unfavorable circumstances to occur. Also labeling inflation "unacceptably" high, Fed's Evans

 

Additionally, according to sources cited by Reuters, US President Biden is reconsidering his China tariff policy in light of Taiwan's response, which put the XAU/USD bulls on the defensive.

 

S&P 500 Futures print modest gains near 4,220 by press time against this backdrop after Wall Street rose and US Treasury yields were largely unchanged the day prior.

 

Moving on, the monthly Producer Price Index (PPI) for July and the weekly US Jobless Claims numbers may amuse gold traders. However, in light of recent risk-negative headlines, special focus should be placed on the qualitative variables.

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