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On September 19th, CNN reported on September 18th that sources said the US military narrowly avoided an incident after using an AI-generated false intelligence report. The report stated that this spring, during the war with Iran, an intelligence report circulating among US military personnel raised concerns. The report claimed that a Chinese ship was transporting components for a nuclear weapons program in the Middle East. Four sources familiar with the incident said the US military quickly initiated a plan to intercept the ship. Two of the sources indicated that US military personnel were preparing to board. One source and another informed source stated that US military aircraft had been scrambled. However, just as the planned operation was about to begin, US officials thoroughly examined the report, compiled by analysts from the US Special Operations Command, and discovered that it was generated using AI. The chatbot used by the analyst had incorrectly identified the cargo.Commander of U.S. Central Command: We are forming a new coalition attack drone force.Commander of U.S. Central Command: The U.S. is working with partners to increase shipping volume through the Strait of Hormuz.Commander of U.S. Central Command: The main passageways of the Strait of Hormuz have not been affected by mines.On September 19th, MS NOW stated that its reporters were denied entry to the White House premises earlier that day. MS NOW stated, "The White House belongs to the American people, and decisions made within the White House are supported by our taxpayer money." The media outlet indicated that MS NOW plans to take all necessary measures to uphold its First Amendment rights and the vital role of independent journalism in a democratic system. This comes after US President Trump announced an immediate ban on CNN, MS NOW, and Politico from entering the White House, citing their long-standing practice of publishing "fake news."

Forecast for the Gold Price: The XAU/USD pair continues to struggle below $1,850 as investors await FOMC minutes

Daniel Rogers

Jan 04, 2023 15:03

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After clearing the $1,800.00 barrier, the gold price (XAU/USD) has leveled off around $1,844.00 in the early European session. The precious metal continues to struggle to surpass the important resistance level of $1,850. Following the release of United States ISM Manufacturing PMI data, the gold price is anticipated to demonstrate a significant move.

 

S&P500 futures tried a recovery rise in the Asian session following a two-day decline, but require more filters to draw a responsive purchasing action, indicating cautious optimism. The US Dollar Index (DXY) is fighting to hold above the 104.20 threshold as 10-year US Treasury yields decline below 3.73 percent.

 

The ISM Manufacturing PMI is likely to decline further to 48.5, from 49.0 in November, according to forecasts. The Federal Reserve (Fed) could be compelled to scale down its policy tightening measures as a result of weakening manufacturing activity in the United States, which are anticipated to herald a further decline in inflation estimates. Thursday's release of the Federal Open Market Committee (FOMC) minutes will provide investors with greater insight into the prospects for monetary policy.


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