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September 4th - According to the Washington Post, the Los Angeles Unified School District, the second-largest public school district in the United States, will ban all students from using generative AI this school year. New York City Public Schools, the largest school district in the U.S., also announced on Wednesday a one-year moratorium on such tools until high school. The Los Angeles Unified School Districts policy was mentioned at a committee meeting on Wednesday regarding the use of AI in schools. In June, the district board had already set limits on screen time based on student age. Regarding these policies, district officials further clarified this week that they will ban all students from using generative AI, regardless of age. Dominic Caguioa, director of educational technology and innovation, told board members at the meeting that the district is now "taking a much stricter approach to content and platforms."Futures News, September 4th: Shanghai Futures Exchange (SHFE) Energy and Chemical Warehouse Receipts and Changes on September 4th: 1. Pulp futures warehouse receipts: 398,188 tons, an increase of 1,000 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 2,758 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 7,400 tons, an increase of 1,000 tons compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 23,770 tons, an increase compared to the previous trading day. 6. Petroleum asphalt futures warehouse receipts: 2,730 tons, down 1,000 tons from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 26,100 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 8,330 tons, down 2,000 tons from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.Futures News, September 4th: On September 4th, the Shanghai Futures Exchanges (SHFE) data on precious metals and non-ferrous metals warehouse receipts and changes are as follows: 1. Copper futures warehouse receipts: 25,781 tons, a decrease of 1,777 tons from the previous trading day; 2. Aluminum futures warehouse receipts: 223,717 tons, a decrease of 4,427 tons from the previous trading day; 3. Zinc futures warehouse receipts: 95,367 tons, a decrease of 625 tons from the previous trading day; 4. Lead futures warehouse receipts: 57,742 tons, a decrease of 51 tons from the previous trading day; 5. Nickel futures warehouse receipts: 99,303 tons, a decrease of 294 tons from the previous trading day; 6. 1. Tin futures warehouse receipts: 4,657 tons, down 8 tons from the previous trading day; 2. Alumina futures warehouse receipts: 250,779 tons, up 1,197 tons from the previous trading day; 3. Alumina futures factory warehouse receipts: 9,300 tons, unchanged from the previous trading day; 4. Gold futures warehouse receipts: 114,858 kg, unchanged from the previous trading day; 5. Silver futures warehouse receipts: 1,406,781 kg, up 6,846 kg from the previous trading day; 6. International copper futures warehouse receipts: 7,447 tons, up 26 tons from the previous trading day.September 4th - Data released by TravelSky shows a significant increase in domestic flight bookings for the Mid-Autumn Festival and National Day holidays. As of now, domestic flight bookings for travel dates from September 25th to October 7th have exceeded 3.83 million, representing a year-on-year increase of approximately 17%; international flight bookings have exceeded 1.77 million, representing a year-on-year increase of approximately 11%.September 4th - U.S. retail diesel prices rose to a record high, potentially fueling energy-driven inflation as the wars between Iran and Russia disrupt energy markets. With global supply shortages persisting and the peak demand season approaching, data from the American Automobile Association (AAA) showed that the average price of diesel across the U.S. rose to $5.85 per gallon on Thursday, surpassing the peak reached in June 2022. The rising diesel prices will not only increase the burden on consumers but also pose political challenges to the White House ahead of the U.S. midterm elections, which are just two months away. Furthermore, the continued rise in diesel prices could further hinder the Federal Reserves efforts to curb inflation. In recent weeks, Federal Reserve officials have signaled differing opinions on the necessity of raising interest rates, with the next Fed meeting scheduled for mid-September.

Forecast for Gold: XAU/USD to Waver Below $1,740 Amid Steady DXY, Focus on U.S. Durable Goods Orders

Alina Haynes

Aug 23, 2022 14:51

 截屏2022-08-04 下午5.12.51_1024x576.png

 

Gold prices (XAU/USD) are exhibiting erratic behavior within a tight range of $1,733.40-1,740.00 in the early Tokyo session. After a stronger rebound from Monday's low of $1,727.85, volatility has decreased for the precious metal. Gold is stuck due to conflicting reports about how hawkish Fed chair Jerome Powell would sound at the Jackson Hole Economic Symposium.

 

After reading the Federal Reserve's minutes from last week, it's evident that Fed officials agreed on the limited data showing that inflation pressures were easing and a resolution would take some time. The Fed is also dedicated to maintaining price stability in the economy. And to serve the same, the recent trend of rate increases should continue. A rate increase of 50 basis points (bps) would be best to show deference to expert opinion.

 

However, before that can happen, all eyes will be on Wednesday's report on US Durable Goods Orders. Market analysts predict that economic growth will slow to 0.5% from the previous release of 2%. When the US economy shows no change in the US core Consumer Price Index (CPI), a drop in economic data is not good for the US dollar index (DXY).

 

Gold prices have rallied strongly after reaching the 61.8% Fibonacci retracement (placed from July 21 low at $1,680.91 to August 10 high at $1,807.93) at $1,729.44. The 20-period Exponential Moving Average (EMA) is located at $1,738.60, and it is acting as a barrier for the precious metal, preventing it from going lower.

 

The Relative Strength Index (14), which predicts future price declines, is currently fluctuating inside a negative 20.00-40.00 zone.