EUR/USD 1.16807
0.021%
Gold 4647.68
0.668%
Oil 85.275
-1.176%
USD/JPY 158.911
-0.053%
GBP/USD 1.36475
0.007%
GBP/JPY 216.879
-0.046%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Blue Cloud Software Technology Solutions has signed a $150 million master services agreement with SpaceX (SPCX.O) Malaysia.According to Axios: Sources have confirmed that Luke Metz, a renowned AI researcher and former OpenAI employee, has joined Meta Platforms (META.O) Super Intelligence Lab.On August 24th, it was reported that Alibaba DAMO Academy, in collaboration with Shengjing Hospital of China Medical University and other institutions, recently developed DAMO LiON, an AI model for diagnosing liver cancer. This model can identify tiny liver cancer lesions through CT imaging. In a two-month real-world prospective clinical trial, DAMO LiON discovered 15 previously missed malignant tumors, the vast majority of which were lesions around 1 cm in size, helping patients receive timely surgical or drug treatment. The related paper was published in the top international academic journal *Nature Medicine*.August 24th - According to The Information, sources familiar with the matter revealed that Nvidia (NVDA.O) is in talks to invest in AI startup Perplexity as part of an equity funding round, which would value the company at over $30 billion. This funding round would amount to several billion dollars, representing a more than 50% increase in valuation compared to Perplexitys previous funding round a year ago. Sources stated that Perplexitys annualized revenue has grown from less than $250 million at the beginning of the year to over $750 million, partly thanks to its AI agent, Perplexity Computer. Nvidia has previously invested in Perplexity multiple times, and Jensen Huang has stated in interviews that he frequently uses Perplexity as his preferred chatbot. Perplexity has raised over $1.7 billion in total from Nvidia and other investors including New Enterprise Associates, Accel, and SoftBank.On August 24th, a residential land parcel in Xinming Street, Ningbo High-tech Zone, was auctioned off. The parcel has a planned construction area of 31,404 square meters, a plot ratio of 1.5, a starting price of 550 million yuan, and a starting floor price of 17,505 yuan per square meter. After 72 rounds of intense bidding, China Overseas Land & Investment Limited (COLI) won the bid for the land parcel with a total price of 692 million yuan, a transaction floor price of 22,027 yuan per square meter, and a premium rate of 25.83%.

Gold Price Prediction: The XAU/USD will meet resistance around $1,875 as the USD Index strives to recover

Alina Haynes

Feb 07, 2023 15:44

截屏2022-11-24 下午3.13.23.png 

 

In the Asian session, the price of gold (XAU/USD) is under pressure to extend its recovery over the important resistance of $1,875.00. After correcting to near 103.10, the US Dollar Index (DXY) has tried a recovery, which has prompted selling interest in precious metals. Investors anticipate a volatile performance from the USD Index as they await fresh impetus from Federal Reserve (Fed) head Jerome Powell's speech.

 

The USD Index (DXY) was projected to exhibit signs of volatility shrinkage following a three-day winning streak following the release of massive United States Nonfarm Payrolls (NFP) data. After a wild ride, the USD Index bulls are weary, but the bullish bias remains intact. S&P500 futures are maintaining the modest gains made during the Asian session.

 

In light of the recent improvement in the U.S. labor market, the forthcoming speech of Fed chairman Jerome Powell has taken on greater significance. After noticing a significant decrease in inflation, the market began to anticipate a pause in the Fed's policy tightening cycle. Nonetheless, the optimistic job report for January suggests that the fight against inflation still has considerable steam.

Suggestion