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On January 10th, the Cyberspace Administration of China drafted the "Regulations on the Collection and Use of Personal Information by Internet Applications (Draft for Public Comment)," and is now soliciting public opinions. The draft stipulates that internet applications should provide users with a convenient function to cancel their accounts. When users cancel their accounts, except in cases where it is truly necessary to prevent black market activities or for security risk control, internet applications may not require users to provide additional personal information beyond what the application has already collected, such as facial recognition data or photos of users holding their ID cards. Furthermore, internet applications must complete account cancellation within 15 working days, deleting or anonymizing the collected personal information, unless otherwise stipulated by laws and administrative regulations.The Iranian military has called on its citizens to remain vigilant in order to thwart enemy plots.On January 10th, the Cyberspace Administration of China (CAC) drafted the "Regulations on the Collection and Use of Personal Information by Internet Applications (Draft for Public Comment)," and is now soliciting public opinions. The draft stipulates that internet applications should only request necessary personal information permissions when users use specific functions, and must simultaneously inform users of the purpose of use; prior requesting is prohibited. If a user refuses, the internet application must not frequently request such permissions, thus affecting the users normal use of other functions. Internet applications must not collect or use personal information before the user agrees to the rules for collecting and using personal information, and must not collect or use personal information beyond the purpose, method, type, or retention period agreed upon by the user. The permissions requested by internet applications must be directly related to the current functional scenario, and personal information should be collected only when the user uses a specific function, with the lowest frequency and smallest scope required. Permissions should be stopped when the current functional scenario no longer requires them, and unnecessary personal information should not be collected or unnecessary permissions should be requested.On January 10, the Cyberspace Administration of China (CAC) drafted the "Regulations on the Collection and Use of Personal Information by Internet Applications (Draft for Public Comment)" and is now soliciting public opinions. The draft stipulates that internet applications should only access camera and microphone permissions when users actively choose to use functions such as taking photos, sending voice messages, and recording audio or video. Applications should not access camera and microphone permissions when users have stopped using these functions or in unrelated scenarios.The China Earthquake Networks Center officially determined that a 5.4-magnitude earthquake occurred at 15:57 on January 10 in the open sea off the east coast of Kamchatka (52.70 degrees north latitude, 161.00 degrees east longitude), with a focal depth of 20 kilometers.

Gold Price Prediction: XAU / USD will continue to fluctuate above $1,900 despite a decline in US Inflation

Daniel Rogers

Mar 15, 2023 11:43

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Gold price (XAU / USD) is not in danger despite U.S. inflation figures meeting expectations. Since Monday, the precious metal has been fluctuating continuously between $1,895 and $1,913. The release of the US Consumer Price Index (CPI) failed to produce a significant reaction in the Gold price; however, the upside bias appears to be solidified as wagers on lesser rate increases from the Federal Reserve (Fed) have increased.

 

The US Dollar Index (DXY) is protecting the critical support at 103.50, but it appears vulnerable to further losses as investors' risk appetite has dramatically increased. As market participants purchased S&P500 futures in response to higher odds of a smaller rate hike from Fed chair Jerome Powell, a likely recession in the US economy was postponed, signaling an uptick in optimism.

 

Contrary to the risk-on sentiment, demand for US Treasury bonds remained weak, causing 10-year US Treasury yields to rise above 3.68 percent.

 

The headline As anticipated, the US CPI increased by 0.4% on a monthly basis, and the annual figure decreased from 6.4% to 6.0%. In addition, the core CPI, which excludes crude and food prices, decreased to 5.5% from 5.6% previously. The Fed appears to be pleased with the persistence of a declining trend in US inflation.

 

In the future, investors will closely monitor the US Retail Sales (Feb) data. Monthly Retail Sales data is anticipated to decline by 0.3% compared to the previous release of a 3.0% increase. This indicates that the consumer spending rebound is over and the Fed is on course to achieve its inflation target of 2%.