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On January 19, UN High Commissioner for Human Rights Volker Türk called on all parties to the armed conflict in Sudan to effectively protect civilians and civilian infrastructure, and to ensure unimpeded access for humanitarian aid to all parts of Sudan. Speaking in Port Sudan, an eastern city, Türk stated that attacks on critical civilian infrastructure are a serious violation of international humanitarian law and could constitute war crimes. He urged all parties to the conflict to immediately cease attacks on civilian facilities such as markets, hospitals, schools, and refugee camps, and to provide safe passage for civilians to move freely.On January 19, the Hurun Research Institute released the "2025 Hurun China AI 50" report, which showed that Cambricon, an AI chip company, ranked first with a value of 630 billion yuan, an increase of 165% over the previous year; Moore Threads, the first domestic GPU company to go public, ranked second with a value of 310 billion yuan; and Muxi, one of the first high-end GPU companies in China to achieve full-process localization, ranked third with a value of 250 billion yuan.On January 19th, according to Qichacha APP, Beijing Zhongke Aerospace Technology Co., Ltd. recently applied for and published a patent for "A System with a Robust Recovery and Stable Landing Auxiliary Support Structure". The patent abstract shows that this disclosure relates to the field of rocket recovery and stable landing auxiliary technology, including: a conical capture frame part and an external support connection part; the conical capture frame part and the external support connection part are respectively fixedly installed on the ground; the conical capture frame part includes: a large conical capture frame and a single-leg support mechanism; the large conical capture frame has a conical structure and is a vertically continuous structure; this device utilizes the cooperation between the conical capture frame part and the external support connection part to achieve stable rocket recovery. Utilizing a funnel-shaped structure, the rocket is recovered to the center of the device through an inclined plane, increasing the range of rocket landing position positioning points and reducing recovery difficulty.Kang Yi, director of the National Bureau of Statistics, said that during the 14th Five-Year Plan period, my country has made solid progress in promoting high-quality development. Its economic strength, scientific and technological strength, and overall national strength have all reached new heights. The economic growth over the five years exceeded 36 trillion yuan, and the intensity of R&D expenditure increased by 0.44 percentage points.Goldman Sachs issued a report stating that 2026 will be a crucial strategic turning point for Chinas internet giants. This is due to increased investment in AI-driven consumer (To-C) sectors, intensifying competition to build AI super-gateways, and a more coordinated effort among these giants to defend their core leading positions. Goldman Sachs predicts that some large-cap and small-cap stocks will generate excess returns in 2026, recommending three investment themes: earnings per share realization/growth, narrative shifts driven by AI and globalization, and shareholder returns. The bank also updated its quarterly sub-sector preference rankings, placing cloud computing and data centers, gaming and entertainment, and AI models in the top three. Among the giant stocks, Pinduoduo (PDD.O) is a key recommended stock due to its valuation discount, strong cost-effectiveness, and robust growth in its platform.

Gold Price Prediction: The XAU/USD pair will fall below $1870 as yields rise ahead of Fed Chair Powell's speech

Alina Haynes

Jan 10, 2023 14:55

截屏2023-01-09 下午5.31.06_1024x576.png

 

In the Tokyo session, the gold price (XAU/USD) has fallen below the immediate resistance of $1,870.00. The precious metal has broken through the consolidation formed in the band of $1,870.00-1,881.50 as demand for US government bonds deteriorates ahead of the speech by Federal Reserve (Fed) chairman Jerome Powell on Tuesday.

 

The 10-year US Treasury yields have risen beyond 3.54 percent, dampening risk appetite. Meanwhile, S&P500 futures have become volatile following a sell-off late in Monday's session, signaling caution in establishing positions in risky assets. The US Dollar Index (DXY) is anticipated to attempt a break above the immediate resistance of 103.00 into the auction area.

 

Investors anticipate Fed Powell's speech for fresh cues, as it will provide a head start for the entirety of CY2023. Despite a sharp reduction in December wage inflation, some Fed policymakers continue to endorse a terminal rate prediction of 5.00-5.25%.

 

Mary Daly, president of the San Francisco Fed Bank, argued that interest rates between 5% and 5.25 percent are fair. Also, the president of the Atlanta Federal Reserve bank, Raphael Bostic, anticipates an interest rate peak in the range of 5% to 5.25 percent and the continuation of higher interest rates through CY2023.