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On May 27th, it was announced that Hong Kong and America Internet LOF (160644) will be suspended from trading starting May 28, 2026, and will resume trading at 10:30 AM on May 28, 2026. Redemption services will continue as usual during the suspension period.On May 27th, Tencent Cloud announced that its new-generation Canghai V2 chip has successfully "lit up" (meaning current flows smoothly through the chip, indicating it is usable) and is currently in mass production, with plans to fully provide online services in the second half of 2026. It is understood that Tencents "Canghai" chip began development in 2019 and entered mass production and large-scale application in 2023. Currently, over 100,000 Canghai V1 chips have been deployed on Tencent Cloud and in Tencents own scenarios, covering core scenarios such as live streaming and video-on-demand, 4K ultra-high-definition high frame rate transcoding, real-time cloud gaming encoding, and multimedia processing. Meanwhile, the encoding and decoding processing capability of a single chip has doubled compared to V1, further improving the cost-effectiveness of computing power. Unlike general-purpose chips, "Canghai" is a dedicated chip designed specifically for video encoding and decoding (transcoding) scenarios, primarily developed based on the massive audio and video business needs of Tencent itself.Market news: ELEMENTAL IMPACT has launched a data center innovation initiative with Amazon, Google, Meta, and Microsoft.On May 27, according to Saudi media Alhadath, Bagheri, Deputy Secretary of Irans Supreme National Security Council, stated that Iran and Oman are currently negotiating to determine a new mechanism for passage through the Strait of Hormuz. The conditions and arrangements for passage through the Strait of Hormuz will differ from those before the war. Bagheri also stated that indirect communication between Iran and the United States continues.May 27th - The global artificial intelligence industry has accelerated its development this year, driving my countrys computing power services, smart hardware, and related products and services to the international market. Foreign trade growth across the country is showing a stronger "intelligence content." In Shantou, Guangdong, leveraging the "data processing" policy pilot program, large-scale model calls initiated by overseas users can enter a dedicated zone through compliant links. After inference calculations and token consumption are completed in the local data center, the data is then returned to overseas clients via submarine optical cables. Last month, the first nationwide full-link verification of token (word) export was completed here. From 100 million token calls per day at the end of April to tens of billions of token calls per day now, Shantous "token export" call scale has grown rapidly in less than a month. Behind the export of computing power services is the simultaneous improvement of my countrys computing power infrastructure and hardware supply capabilities. In Shenzhen, a batch of palm-sized microcomputer hosts are becoming "lightweight computing power bases" for large-scale overseas game design and local AI inference scenarios. Currently, the shipment volume of microcomputers here accounts for about 15% of the global market.

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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