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On January 23, according to the official WeChat account of the Henan Provincial Department of Science and Technology, heat sinks are a new member of the diamond family, enabling superhard materials to successfully enter the new track of high-end chip heat dissipation. Huanghe Whirlwind stated that by cutting the required shape from the heat sink and fitting it onto the chip in a certain way to create a top-tier heat sink, this will greatly promote the improvement of high-power devices, 5G/6G communication, and AI computing performance. Now, the size bottleneck restricting industrialization has been overcome; Huanghe Whirlwind has successfully developed the largest mass-producible 8-inch heat sink in China. It is reported that the companys heat sink production workshop will be put into mass production in February this year, marking a milestone for functional diamond from the laboratory to large-scale commercial applications.On January 23, it was reported that the "Special Policy (Trial) for Supporting the Agglomeration and Development of the Commercial Aerospace Industry in Liangshan Prefecture" was recently issued. This special policy covers the entire industry chain and focuses on key aspects, encompassing areas such as support for enterprise establishment, encouragement of R&D and innovation, promotion of application scenarios, and guarantee of industrial elements. It clearly states that the Western Commercial Aerospace Port will serve as the core driver, with the creation of application scenarios as a breakthrough point. It aims to establish a "first order, first use, first procurement" mechanism for commercial aerospace technologies and products, focusing on supporting enterprises to expand integrated business models such as "aerospace + low-altitude economy," "aerospace + specialty agriculture," and "aerospace + cultural tourism," promoting substantial breakthroughs in industrial applications, and building a virtuous cycle ecosystem where "launch creates the market, the market drives technology, and technology drives the industry."JPMorgan Chase raised its price target for Intel (INTC.O) from $30 to $35.A-share autonomous driving concept stocks fluctuated higher, with NavInfo hitting the daily limit, Jingwei Hengrun and ST Saiwei rising by more than 15%, and Zhejiang Shibao and Hanxin Technology also rising sharply. In terms of news, Tesla Chinas head stated that Teslas FSD is currently progressing in the Chinese market, and there are no new developments to disclose at this time.January 23 - According to Reuters, Tesla CEO Elon Musk revealed at the World Economic Forum in Davos, Switzerland on January 22 that Teslas driver-supervised Full Self-Driving (FSD) system is expected to be approved in China as early as next month, potentially close to its approval timeline in Europe. However, a Tesla China representative responded that "no information can be provided." The representative also stated that Teslas FSD project is currently progressing in the Chinese market, and there are no new developments to disclose at this time.

Forecast for Gold Price: XAUUSD advances to the backside of the bull micro trend

Alina Haynes

Nov 15, 2022 16:49

截屏2022-06-07 下午5.15.45.png

 

Despite a stronger US Dollar, the Gold price reached a new three-month high on Monday as US yields rose in response to Friday's disappointing US Consumer Price Index report. Friday's inflation figures prompted speculators to anticipate that the Federal Reserve would hold off on large interest rate hikes. As a result, demand for gold remains strong.

 

In spite of a hawkish Federal Reserve meeting, in which Fed Chair Jerome Powell pushed back against the market's reaction to a dovish announcement by suggesting that the terminal rate could be higher than initially anticipated, commodities prices have been staging a rebound from their year-to-date lows. A number of factors contribute to the shift in opinion, including rumors that China will relax its zero-Covid restrictions. Due to a recent string of less inflationary US data outcomes, it had been speculated that a Fed policy shift was imminent.

 

US consumer prices grew 0.4% for the month of October and 7.7% year-over-year, as reported on Friday. This was down from 8.2% year-over-year in September and 0.2 percentage points below the consensus, with the ex-food and energy estimate coming in at 6.3%. This was a positive report, and the market's response included a 5.5% increase in the S&P 500 and a 26 basis point drop in the 2-year Treasury rate, which sent gold soaring and the dollar plummeting. Gold traders were already focused on the increase in money managers' short positions over the past few months, which led to significant short covering above the $1,720 resistance level.


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