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January 10 - According to the UN Security Council schedule, the Security Council will hold an emergency meeting on the situation in Ukraine on January 12.On January 10th, Xiaomi Auto released a statement in response to netizens questions, stating that the new generation SU7 will be equipped with the Xiaomi Super Motor V6s Plus across the entire series. In addition to the motor being jointly supplied by United Electric and Inovance Technology, Xiaomi will also introduce its own self-developed and self-produced V6s Plus Super Motor in the future to further improve production efficiency and shorten delivery cycles.On January 10th, Chen Jianye, Secretary of the Party Leadership Group and Director of the Fujian Provincial Department of Industry and Information Technology, stated that the next step will be to accelerate the digital transformation of the manufacturing industry, enhance its green foundation, and promote the transformation of industries towards "new" and "green." This includes: Deepening the implementation of the "Nine Major Actions" for comprehensive digital empowerment of industrial manufacturing; adhering to the principle of enterprise-led development, strengthening government guidance, and leveraging the role of service providers to create more transformation benchmarks, promote chain-based transformation and overall transformation, and accelerate the large-scale application of digital technologies in the manufacturing industry; Deepening and expanding "Artificial Intelligence +"; making good use of the new round of incremental policies for artificial intelligence, supporting the cultivation of industry-specific models and intelligent agents, accelerating industry adaptation and scenario expansion, and promoting the empowerment of various industries by artificial intelligence; guiding the differentiated and characteristic development of the Fuzhou-Xiamen-Quanzhou provincial-level artificial intelligence industrial parks; and carrying out in-depth energy conservation and carbon reduction special actions; closely monitoring national carbon assessment requirements, and implementing energy conservation reviews and carbon emission assessments for "high energy consumption and high pollution" projects in the industrial sector; building Fujians green advantages in manufacturing, cultivating more national and provincial-level green parks and enterprises, and promoting the construction of a number of zero-carbon parks and factories.The Consumer Bankers Association: We look forward to working with the government to ensure that Americans have access to the credit they need.The Consumer Bankers Association argues that, however, there is evidence that a 10% interest rate cap would reduce credit availability. If implemented, this would only force consumers to turn to less regulated, more expensive alternatives.

Gold Prices Fall as Yields Increase

Larissa Barlow

Apr 20, 2022 10:05

Gold prices held steady on Tuesday as the dollar strengthened, putting downward pressure on the yellow metal. The dollar strengthened as the yield differential remained in favor of the dollar. Riskier assets increased in value, removing some of the safe-haven bid from gold prices.

 

The Commerce Department said Tuesday that housing starts grew unexpectedly by 0.3 percent last month to a rate of 1.793 million units on an annual basis. February data has been revised upward to 1.788 million units from 1.769 million units previously reported. Housing starts were expected to decline to 1.745 million units. Permits for future home construction increased by 0.4 percent last month to 1.873 million units.

Technical Evaluation

Tuesday's gold prices plummeted. Prices appear to be clinging to support near the 10-day moving average of 1,953. Near the April highs of 1,999, resistance is present.

 

Momentum has shifted negative in the short term as the Fast Stochastic generated a crossover sell signal. Prices are excessively high. The fast stochastic slid from above the overbought trigger level of 80, indicating that negative momentum is intensifying.

 

The medium-term momentum is positive, as the MACD histogram recently issued a crossing buy signal. The MACD histogram's trajectory is decelerating, indicating consolidation.

 

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