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On August 5, two people familiar with the matter told Reuters that Intel had pinned its hopes on a production process that should have helped it win manufacturing orders and regain its advantage in the production of high-end, high-profit chips. However, during the testing of the new technology, the process faced a major quality problem. For months, Intel has been promising investors that it will use its process called 18A to expand the scale of chip manufacturing. Intel has invested billions of dollars in the development of the 18A process, including building or upgrading several factories, with the goal of challenging TSMC. Last year, early tests disappointed customers, and the two people familiar with the matter said that since the end of last year, only a small portion of the Panther Lake chips produced by the 18A process have been of sufficient quality to be provided to customers. This percentage, known as the yield, means that Intel may find it difficult to achieve profitable production of high-end laptop chips in the near future.On August 5, Southern Manganese (01091.HK) announced that its board of directors will hold a meeting on August 15, 2025, to approve its interim results for the six months ending June 30, 2025, and the proposed interim dividend. The company also issued a positive earnings forecast, projecting profit attributable to owners of the company of at least HK$150 million in the first half of 2025, compared to a loss of approximately HK$163 million in the first half of 2024. This is primarily due to managements efforts to optimize its trading product mix, turn the trading business around, strengthen cost control, and achieve significant results, as well as reduced impairment losses on financial assets.Central Bank of Brazil: US tariffs have significant industry impact.Chinese Estates Holdings (00127.HK): The company will hold a board meeting on August 15 to approve the interim results.Sources: Intel (INTC.O) is having trouble manufacturing its "Panther Lake" processors.

Gold Price Prediction: XAU/USD declines toward 200-SMA retest as yields support US Dollar recovery

Alina Haynes

Mar 02, 2023 15:52

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During the first day of losses in four prior to the European session, the gold price (XAU/USD) oscillates around the intraday low of $1,831. In doing so, the precious metal validates the stronger US Dollar and risk-averse market sentiment on a slow Thursday.

 

US Dollar Index (DXY) rebounded from a one-week low to 104.60 at the latest, up 0.17 percent intraday, as greenback supporters tracked robust US Treasury bond yields and cheered sour sentiment amid hawkish Federal Reserve (Fed) talks. The increase in US Treasury bond yields reflects the market's apprehension, which has recently pressured Wall Street investors and weighed on S&P 500 Futures. On the same side may be the ardent Minneapolis Federal Reserve (Fed) President Neel Kashkari, as well as the policymakers of the Bank of England (BoE) and the European Central Bank (ECB).

 

Gold purchasers are encouraged by the recent improvement in China's economic data and the country's policymakers' upbeat remarks. China's Minister of Human Resources recently stated, "China's employment will continue to increase this year and remains stable overall." On Wednesday, China's Finance Minister Liu He expressed a willingness to increase the country's fiscal expenditure while noting that the foundation of China's economic recovery remains fragile.

 

Moving on, G20 updates could be combined with central banker comments and US secondary data to amuse XAU/USD traders.


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