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The U.S. Federal Communications Commission approved foreign funding for the merger between Paramount and Warner Bros.September 18th - The Iran war has led to increased fuel costs, causing global container shipping prices to continue rising. Analysts say that freight rates on some major routes may again approach or surpass the historical highs reached during the pandemic. According to data from freight pricing platform Xeneta, the spot freight rate for a 40-foot container on a major ocean container route has risen to $10,948, more than four times the rate since the outbreak of the Iran war on February 28th, approaching the historical record of $11,900 set in January 2022. Marine low-sulfur fuel oil prices have currently risen to $901.5 per ton, compared to $543.5 on February 27th, but are still below the peak of $1,053 set on March 20th. As companies accelerate inventory replenishment ahead of the traditional peak season, shipping demand may further push up freight rates. Xeneta analysts stated that with the continued rise in fuel surcharges, freight rates on relevant container routes may exceed the peaks reached during the pandemic.According to the Financial Times, UK Chancellor of the Exchequer Johily will urge EU finance ministers on Friday to include the UK in the “Make in Europe” industrial policy to avoid repeating the failures of previous UK-EU defense cooperation.On September 18th, Anthropic released a new metrics system to measure the speed of AI development in its cutting-edge labs. This system aims to provide a more transparent understanding of AI model development progress by making measurement tools readily available. Anthropic stated that society needs more information to assess the speed of cutting-edge AI development. The metrics system focuses on three main aspects: the extent to which AI is involved in next-generation AI development, the ability to supervise the behavior of AI agents, and the resources invested in developing more powerful models. Among these, Anthropic established an "AI R&D Automation Index" to measure the proportion of Claudes involvement in the companys AI R&D work. As of August 2026, Claude has not yet achieved fully autonomous R&D in any measurement scope, but it has already "led" approximately 26% of Anthropics AI R&D work, with over 90% of the R&D work reaching a level of "AI collaboration" or higher.On September 18, the State Administration of Cultural Heritage of China received two batches of 64 cultural relics, artworks, and paleontological fossils returned by the United States at the Chinese Embassy in the United States and the Chinese Consulate General in New York on September 16 and 17, respectively.

The international gold price looks at $1738 in the future

Oct 26, 2021 11:01

On Monday (October 11), international gold prices were slightly under pressure, due to the stabilization of the US dollar index and concerns that the Fed may begin to reduce stimulus this year amid weak employment data. Looking at the price of gold, the market outlook is $1738 per ounce.

At GMT+8 13:55, spot gold fell 0.04% to US$1756.46 per ounce; the main COMEX gold contract fell 0.07% to US$1756.3 per ounce; the US dollar index rose 0.01% to 94.117.

Last Friday (October 8), after the U.S. non-agricultural employment data was released, the price of gold hit a new high since September 22 to $1,781.41 per ounce, but in the end it gave up most of the gains and closed only 0.08% higher to $1,57.19 /ounce.

Data from the US Department of Labor last Friday showed that US employment increased by 194,000 in September, far below the expected increase of 500,000, and the increase was the smallest in nine months, affected by reduced school recruitment and labor shortages.

Despite the sharp slowdown in employment growth in September, as the latest wave of viral infections in the United States peaked and started to fall, coupled with the end of the generous unemployment subsidy program, employment growth may be boosted in the coming months. The Fed may begin to reduce its support for the economy next month.

On the daily chart, the price of gold has started a three-wave downward trend from US$1,781, and the support below looks to the 38.2% target of US$1738. Wave 3 is a sub-wave of the downward (3) wave that started at $1834. (3) Lang's 61.8% target is at $1688. (3) Wave is a sub-wave of the downward ((Y)) wave that started from 1917 USD. The ((Y)) wave belongs to the adjusted IV wave that started at $2,075.

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