EUR/USD 1.15759
0.011%
Gold 4342.22
0.186%
Oil 84.663
0.421%
USD/JPY 159.479
-0.081%
GBP/USD 1.35346
0.024%
GBP/JPY 215.855
-0.048%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 19th, at 7:35 AM, the Zhuque-3 rocket, standing 25 stories tall and weighing over 600 tons, once again defied Earths gravity and entered low Earth orbit. Just over two minutes later, the booster and the second stage carrying a satellite successfully separated. Less than ten minutes after launch, the booster, after two retro-rockets to slow its descent, slowly landed at a recovery site in Minqin County, Gansu Province, 390 kilometers from the launch site. When asked by the media: "Now that the recovery is successful, what will you (the Zhuque-3 team) do next?" Dong Kai, deputy chief designer of the Zhuque-3 rocket, stated that they will strive to reuse the recovered rocket as soon as possible. "After this rocket returns, we will disassemble it very carefully to see where it was damaged after such a flight. If each part has health bars, the subsequent work will be to make each health bar inspectable, measurable, and repairable, and then put it back on the launch pad after repair." The main improvement directions for Zhuque-3 are to enhance its carrying capacity, reliability, and shorten the reuse cycle. My inner hope is that Suzaku III will first cross the threshold of playing 10 times a year.August 19th - Southeast Asian economies diverged in the second quarter, influenced by the technology and energy sectors. Vietnam remained the fastest-growing major economy in Southeast Asia, while Thailand underperformed. Malaysia and Singapore ranked second and third, respectively, driven by strong demand for semiconductors and other components in the global technology supply chain. Like Thailand, the Philippines was also affected by soaring energy costs due to the Middle East conflict. Furthermore, a sharp decline in infrastructure spending further dragged down Philippine growth. Developing economies with key players in the AI-related technology supply chain showed greater resilience, while those more vulnerable to expensive imported energy gradually lost momentum. Policymakers in the region are now facing the challenge of protecting businesses and consumers from volatile oil prices without harming economic growth. DBS economists stated, "The differences in growth across countries depend on their domestic resilience in responding to the Middle East crisis and their reliance on technology exports in their trade structures."Artificial Intelligence: 1. Anthropic is reportedly expected to launch its IPO process within weeks. 2. Anthropic plans to introduce super voting rights to protect the founding teams control. 3. Anthropics pre-IPO credit line may exceed its target of $10 billion. 4. OpenAIs Q2 revenue reportedly increased by 18% quarter-over-quarter, but losses widened. 5. OpenAI: The company has temporarily slowed down the training of some cutting-edge models for two weeks to enhance security and monitoring. Other: 1. The worlds most precise 100-meter-class radio telescope has completed the installation of its core structure. 2. Alibaba Clouds third data center in South Korea went online. 3. Baidus Q2 financial report: Total revenue of 31.3 billion yuan, with AI business accounting for more than half of total revenue for the third consecutive year. 4. TrendForce: The combined revenue of the top five global NAND Flash brands in Q2 increased by 77% quarter-over-quarter, reaching $68.87 billion. 5. Taiwanese power semiconductor manufacturers are preparing for a third wave of price increases. Japans core machinery orders rose 9.7% month-on-month in June, below the expected 7.80% and the previous months -12.40%.Japans core machinery orders rose 16.9% year-on-year in June, below the expected 10.8% and the previous reading of -1.90%.

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.

Suggestion