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On September 7th, Unitree Robotics released the worlds first video of a fully autonomous humanoid robot fighting in real-time, driven by a world model. The UnifoLM-X2-1.0 overcomes bottlenecks in instantaneous planning, decision-making, and dynamic interactive execution within the world-action model, achieving highly dynamic, highly interactive, and real-time prediction and planning for the future, enabling fully autonomous combat for the humanoid robot. This verifies the fundamental feasibility of large-scale deployment of world model-driven humanoid robots.September 7th - According to AXIOS, OpenAI CEO Sam Altman stated that the current era is witnessing the "revenge of creatives"—those aspiring entrepreneurs who were once considered tiresome, possessing only entrepreneurial ideas but lacking the technical skills to realize them. Its like saying, "I have a great song idea, I just need the guitarist to make it." "I used to think that was ridiculous," Altman said in Chapel Hill, North Carolina, "but now were seeing an entire generation iterating on ideas at an unprecedented pace. The economic logic of starting small or large businesses has been redefined." Polls show that most Americans believe the risks of AI outweigh the benefits, and the data center issue has become a shared point of contention between the two parties in the midterm elections. Altman, who is trying to promote AI amidst strong opposition, wants to remind Americans that amidst the many real risks, AI also represents opportunity. "This is going to be the best time in the world to start a startup," Altman recently stated. Altman said that with OpenAIs powerful new model, GPT-6 Astra, you can effectively start and run a small business…anyone who wants to own a company now has a team of geniuses in every professional field.On September 7, Russian Foreign Ministry spokeswoman Maria Zakharova issued a statement saying that the US deployment of a medium-range missile launch system in Norway is yet another serious destabilizing move by NATO countries. Zakharova said the MK-41 launch system deployed in Norway can launch multi-purpose missiles to strike land and sea targets. The system can launch Tomahawk long-range cruise missiles, and its deployment in the Nordic countries can cover large swathes of Russian territory, including Moscow. Zakharova stated that the US deployment of land-based medium-range missiles in Europe, which threaten Russia, "undermines the foundation for constructive dialogue between Russia and the US on strategic issues."On September 7, local time, Russian Presidential Press Secretary Dmitry Peskov stated that Russia does not rule out resuming trilateral talks with the United States and Ukraine, but the location and timing are still uncertain. Peskov also stated that it is possible that Russian President Vladimir Putin and US President Donald Trump may hold a telephone conversation after the US presidential envoys visit to Moscow and Kyiv. Furthermore, Peskov emphasized that the Kremlin currently has no information regarding the outcome of negotiations between US presidential envoy Sergei Witkov, US President Trumps son-in-law Jared Kushner, and the Ukrainian leadership. When asked about the extent of the differences between the new US proposal and the consensus reached by Russian and US leaders Anchorage, Peskov did not answer.September 7th - Research from the Federal Reserve Bank of New York indicates that the decline in the dollars share of foreign exchange reserves does not reflect a widespread reallocation of dollar holdings, but rather the actions of a few reserve managers. Last year, the dollar accounted for 56% of official currency reserves, down from 64% a decade ago. While this change is often cited as evidence of widespread de-dollarization, Fed researchers say their research shows that the number of countries increasing and decreasing their dollar holdings has been roughly equal over two distinct periods since 2015. Linda S. Goldberg and Sneha Parthasarathy wrote in a blog post last week, "There is little evidence of a widespread trend of official diversification and dollar reduction."

Gold Price Prediction: XAU/USD maintains rises near $1,650 in advance of a crucial Fed decision

Alina Haynes

Nov 02, 2022 17:50

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Gold pricing is benefiting from the US dollar's continuing weakening, as Treasury yields feel the heat of normal market concern preceding a US Federal Reserve (Fed) event.

 

Asian markets were a mixed bag, as the Chinese tech stocks-led surge sputtered and growth fears reemerged in the wake of the extension of covid lockdowns in numerous cities. In the meantime, benchmark US 10-year interest rates are returning to the 4% critical level, allowing gold prices to remain buoyant.

 

Investors eagerly await any hints of a lesser rate increase in December as all eyes remain on the anticipated 75 bps Fed rate hike decision, with Chairman Jerome Powell's press conference grabbing the spotlight. The US ADP Employment Change data will also be monitored prior to the Fed event, as it may present transitory trade opportunities. Until Friday's release of Nonfarm Payrolls, traders may take signals from ADP jobs while awaiting the Nonfarm Payrolls report.

 

Even though the 14-day Relative Strength Index (RSI) is below the 50 level, a dovish Fed rate hike might turn the tables on bears, allowing XAU/USD bulls to retake the bearish 21-Daily Moving Average (DMA) around $1,660 with conviction. Gold bulls could stretch their muscles in the direction of the high at the end of October of $1,675 while gaining vigor to target the $1,700 level.

 

On the other hand, a hawkish surprise might cause the gold market to resume its broader downward trend, with initial support likely at the current range lows near $1,680. The $1,620 round number represents the next downside limit, below which the $1,617 October low could be endangered.