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Bulgarian Prime Minister: Two ships off the Bulgarian Black Sea coast were attacked by drones, one of which sank.On October 13th, Commonwealth Bank of Australia (CBA) economist Belinda Allen stated that the Reserve Bank of Australias (RBA) November policy meeting "remains highly uncertain." Allen said that CBA currently believes the RBA will not raise interest rates, but acknowledges a high risk of misjudging the situation. She pointed out that recent statements from RBA officials have been "clearly hawkish," focusing on upside risks to inflation while paying less attention to downside risks to economic growth. Allen stated that the signals from recent RBA communications indicate that the central bank remains concerned about persistent inflationary pressures and may need to maintain a more cautious policy stance.On October 13th, at the 2026 Kirin Media Communication Conference, Xu Songyu, Minister of Wireless Terminal Chip Product Management Department of Huawei Semiconductor Business, unveiled for the first time the detailed architecture diagram of the Kirin 9050 Pro logic-folding chip, including the new generation Lingxi CPU, Ma Liang GPU, Da Vinci architecture NPU, Kirin AI ISP, Balong AI Modem, FFTS function flow task scheduler, audio and video processor, security processor, and the collaborative work of the Lingxi microcore. Xu Songyu revealed that the next-generation Kirin 2027 chip is also ready, and so far, all test results have met expectations, thus ensuring the sustainability of the evolution (logic folding) over the next 10 years. As for the specific stages and the technologies required for each point, these will likely be gradually developed and discussed.On October 13, the International Monetary Fund (IMF) warned that the extreme weather caused by the ongoing El Niño phenomenon could further weaken commodity markets, amplify the impact of high fertilizer prices, and disrupt other climate-sensitive sectors such as transportation. The IMF stated that past experience shows El Niño typically pushes up food and commodity prices while dragging down economic activity, particularly in economies where food spending constitutes a large portion of consumer spending. The IMF pointed out that these risks are especially pronounced for energy-importing countries, particularly emerging market and developing economies with limited fiscal space and weak external buffers. If commodity prices remain high, it could widen current account deficits in these countries and exacerbate exchange rate pressures. Meanwhile, higher inflation could force central banks to adopt tighter monetary policies, further hindering economic growth.On October 13th, regarding the latest test results of the Zunjie V800 brake pedal released by Zunjie Auto, a sales representative from a dealership stated that the official test results fully comply with safety standards. However, they revealed that despite meeting the standards, the upgrade will still proceed as planned. "Those who have placed orders now, including those who ordered before delivery, will use the new, optimized pedal solution. Those who have already taken delivery will also receive an upgrade." According to Zunjie Autos previous statement on October 8th, even under non-standard extreme testing conditions, they aim to provide users with greater safety redundancy: they will further optimize the component design and offer free upgrade options to already delivered customers. The latest test results from Zunjie Auto on October 13th show that the Zunjie V800 brake pedal, after inspection, meets the industry standard QC/T 788-2018 requirements (longitudinal force 1500N, displacement ≤5mm), and after a more stringent test to a longitudinal force of 3000N, no cracks or damage were found.

Forecast for Gold Price: XAU/USD bulls want 50% mean reversion

Alina Haynes

Feb 08, 2023 12:01

截屏2022-06-07 下午5.15.32.png 

 

The Gold price ended the day mostly stable against a mixed US Dollar, which was pushed and pulled by Jerome Powell's remarks at The Economic Club of Washington, D.C.'s Signature Evening.

 

While he repeated much of what he said in the press conference that followed last week's interest rate decision, the markets reacted quickly to his most dovish statements, which were largely surrounded by hawkish language, and the US Dollar plummeted.

 

As the markets processed the comments, gold gained only to fall back under pressure, fluctuating between $1,865 and $1,884 at its highest point. As of this moment, the Gold price in Asia has reached a session high of $1,878.46.