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On February 12th, Wallfacer officially released its sparse-linear attention hybrid architecture SALA, and the text model MiniCPM-SALA based on this architecture, which has only 9B parameters. According to reports, MiniCPM-SALA does not use speed-up algorithms such as speculative sampling. On cloud inference chips, when the sequence length is 256K words, its inference speed is up to 3.5 times that of Qwen3-8B, and it supports inference with a context length of up to one million words on cloud chips and consumer-grade edge GPUs.February 12 – Applied Materials Inc. will pay $252.5 million to settle with the U.S. Department of Commerce over a years-long investigation into alleged export violations, ending a saga that has plagued the largest U.S. chip manufacturing equipment supplier. In a statement Wednesday, the company said the agreement resolves allegations by the Commerce Department’s Bureau of Industry and Security that some of Applied Materials’ shipments between November 2020 and July 2022 did not comply with export regulations. Applied Materials stated that the U.S. Department of Justice and the Securities and Exchange Commission have also closed their investigations and taken no further action.Hong Kong stocks fell more than 1% to the Hang Seng Index and 1.85% to the Hang Seng Tech Index. Kingdee International (00268.HK) fell more than 5%, while Budweiser APAC (01876.HK), NetEase (09999.HK), Meituan (03690.HK), and Trip.com (09961.HK) all fell more than 4%.February 12th, Futures News – According to foreign media reports: 1. Albemarle Corp., the worlds largest lithium producer, announced it will suspend operations at its Kemerton lithium hydroxide processing plant in Western Australia, immediately placing its Line 1 under maintenance. Line 2 had previously been idled in 2024, at which time a A$1.5 billion expansion plan was halted. 2. Albemarle CEO Kent Masters stated that recent improvements in lithium prices are insufficient to offset the challenges facing its western hard-rock lithium conversion business, and this move aims to improve financial flexibility and retain options. 3. Albemarle stated that its mining interests in Australia, including its stakes in the Greenbushes and Wodgina mines, and its exploration interests in Western Australia, are unaffected by the Kemerton suspension decision. Customer demand for lithium hydroxide will be met through other production channels. 4. It is worth noting that the Western Australian government announced a AU$150 million lithium mining and processing industry support plan in December 2024, which included AU$50 million in interest-free loans for miners and AU$90 million in government fee reductions for lithium processing.February 12th - Meituan upgraded its "Ask Xiaotuan" AI assistant on February 12th. From now until the entire Spring Festival holiday, users can use this tool on the Meituan App to ask questions about local dining, entertainment, and leisure. "Ask Xiaotuan" will collect information on merchants and services on Meituan, conduct secondary verification, and combine it with user reviews to provide options. Users can also claim various Spring Festival consumption vouchers.

Gold Price Prediction: XAU/USD forges bullish path above $1,960, Fed and banking unrest anticipated

Daniel Rogers

Mar 21, 2023 13:57

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Following a retracement from a Year-To-Date (YTD) high, the gold price (XAU / USD) regains upward momentum amid cautious optimism in the banking sector. The market's inaction during the Japanese holiday as well as the failings of US Treasury bond yields to prolong the recent corrective bounce off a six-month low could lend support to the recovery movements.

 

Headlines indicating that U.S. policymakers are searching for ways to insure all bank deposits and that major central banks are rushing to keep markets liquid with the US Dollar flow appear to favor Gold purchasers.

 

Notably, the most recent reading of the CME's FedWatch tool indicates that the likelihood of a 0.25% Fed rate rise on Wednesday is now close to 75%, up from 65% last week. This allows US Treasury bond yields to rebound. However, Treasury bond yields remain inactive due to Japan's national holidays, which restrict bond trading in Asia. The previous day saw the 10-year and 2-year US Treasury bond yields rebound from their lowest levels since September 2022.

 

Gold traders will be keenly interested in the Fed's response to the banking crisis, as the 0.25 percentage point rate hike is a foregone conclusion. Should the dot-plot hint at a policy reversal, the US Dollar could experience further losses, which could propel the XAU/USD exchange rate.


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