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On September 9th, Ant Financial announced the official release and open-sourcing of Ling-3.0-flash-VL, the first native multimodal large-scale model in the Bailing series. The model is based on the MoE architecture of Ling-3.0-flash, with a total of 124B parameters and 5.5B parameters activated per inference. It natively supports image, text, and video input, and the context window reaches 256K tokens. Focusing on "how to complete real-world tasks more reliably and efficiently," Ling-3.0-flash-VL explores three key directions: Adding visual capabilities to large models is a common concern that it might lower text intelligence. Our training practices have yielded the opposite conclusion: native multimodal joint training not only expands application boundaries but also enhances text intelligence. Ling-3.0-flash-VL introduces a visual feedback mechanism—observing execution results, comparing with targets, identifying deviations, and continuously correcting—transforming the task from a one-time "generation" into a closed loop of "observation → action → verification → correction," making the execution results more reliable. Ling-3.0-flash-VL inherits the core advantage of Ling-3.0-flash as a high-efficiency execution node in the Agent workflow, balancing output quality and execution efficiency in the visual feedback loop, and advancing the complete task at a lower cost and in a shorter time.September 9th - To further improve the management mechanism for narcotic and psychotropic drugs in medical institutions, ensure reasonable clinical needs, and prevent them from flowing into illegal channels, the National Health Commission, together with the State Administration of Traditional Chinese Medicine, the National Center for Disease Control and Prevention, and the Logistics Support Department of the Central Military Commission, has revised the "Regulations on the Management of Narcotic Drugs and Class I Psychotropic Drugs in Medical Institutions" issued in 2005, and formulated the "Regulations on the Management of Narcotic Drugs and Psychotropic Drugs in Medical Institutions," which will be implemented on October 1, 2026.On September 9th, BlackRock strategists stated in a research report that the impact of Japans interest rate reset has transcended its borders as capital competition intensifies. The strategists believe a feedback loop exists in the bond market: "Rising US interest rates could weaken the yen and pressure the Bank of Japan to act more quickly; conversely, rising Japanese interest rates could attract more capital repatriation, reducing demand for US Treasuries and thus pushing up US borrowing costs." They pointed out that decades of ultra-low domestic yields in Japan have made the country a major capital exporter, currently holding approximately $1.1 trillion in US Treasuries. If Japanese investors were to repatriate 5% of their funds, it would amount to $55 billion, roughly a quarter of the total increase in US Treasuries held by foreign investors last year.On September 9th, Yonhap News Agency reported that Kim Kyung-hoon, head of OpenAI Korea, stated at a press conference in Seoul on Wednesday that demand for AI chips is expected to continue to grow, and OpenAI will continue to prioritize cooperation with South Korean semiconductor supply chain companies. Kim stated, "Having advanced semiconductors to support faster and more complex AI processing is crucial." He reiterated his market optimism regarding the AI memory chip boom after OpenAI released its latest AI model, GPT-6 Astra, earlier this month. When asked about the South Korean governments push to invest in developing cutting-edge domestic AI models, the former Google executive said he has a "positive view" of it, as it not only broadens user choices but also helps cultivate South Koreas entire AI ecosystem—from the semiconductor supply chain to AI-related talent.September 9th - South Korea has reportedly dispatched a team to assess the situation in the Strait of Hormuz, indicating that the country is further considering the possibility of deploying troops to the region amid increasing US pressure for its assistance in military action against Iran. South Koreas Ministry of National Defense stated in a statement Tuesday evening, "The purpose of dispatching this team is to assess the local political and security situation." The Ministry also emphasized, "This assessment itself does not mean that South Korea has presupposed any military deployment." The South Korean presidential office stated that whether or not to conduct military deployment is still under discussion and no decision has been made. According to Yonhap News Agency, the assessment team departed for the UAE over the weekend and will report its findings to the National Security Council upon its return. The Ministry of National Defense declined to disclose the teams current location, citing operational security concerns.

Gold Price Prediction: XAU/USD bears at $1,650 on Fed hawkishness and China news

Daniel Rogers

Sep 19, 2022 14:34

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During early Monday morning in Europe, the gold price (XAU/USD) maintains a position close to the intraday low at $1,670. In doing so, metal prices endure the weight of a stronger U.S. dollar amidst a sluggish session caused by Japanese and British vacations. The cause may be related to the Fed's hawkish bets and China-related news stories.

 

US Dollar Index (DXY) reverses a two-day slump while posting intraday gains of 0.18 percent at 109.85 as of press time. Indicators of the U.S. dollar's value versus the six major currencies have recently been buoyed by the University of Michigan's September consumer sentiment report and the market's positive expectations on the Fed's next move. Consequently, the probability of a 75-basis-point (bps) rate hike by the Federal Reserve increased to 80%, while the market's estimates of a one-percentage-point increase in the Fed rate rose to 20% at the latest.

 

US President Biden stated elsewhere, "I'm more positive than I've been in a long time." The national leader also claimed that inflation will be brought under control. On the same line are the covid updates from China, which have unlocked Dalian and Chengdu while observing zero coronavirus cases in Beijing and one, as opposed to zero the day before, outside of Shanghai's quarantine zone. However, US President Biden's willingness to support Taiwan in the event that China assaults Taiwan and hawkish expectations for the Federal Reserve appear to weigh on the steel price ahead of the major monetary policy pronouncements.

 

In addition, the People's Bank of China (PBOC) reduces the 14-day reverse repo rate by 10 basis points to 2.15 percent. "With no maturing reverse repos on Monday, the Chinese central bank injects 12 billion yuan," reports Reuters. The same might have indicated that the dragon nation is not in recovery mode and requires more rate cuts than rate raises, which could have caused the gold price to plummet. The cause is China's position as one of the world's largest gold consumers.

 

In light of this, the S&P 500 Futures post modest losses while mirroring Wall Street's Friday close. Notably, the selling in Japan curbs bond movements in Asia, but yields are robust near the multi-day high due to fears of a recession and hawkish Fed views.

 

Moving forward, a light economic calendar and important market holidays may limit intraday XAU/USD price fluctuations. However, bears are expected to maintain control because to aggressive Fed expectations, which, if dashed, might defy the bearish chart pattern and spark the long-awaited rally.