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Russian President Vladimir Putin: Drones and other weapons are being supplied to the Russian armed forces continuously.On September 18th, Lu Lei, Vice Governor of the Peoples Bank of China, delivered a speech at the China-ASEAN Financial Cooperation and Development Forum on the theme of "Deepening Cooperation between China and ASEAN in the Financial Sector on Artificial Intelligence." He stated that while the new generation of artificial intelligence technologies, represented by large-scale models and intelligent agents, are important tools for empowering financial services, they also bring new risks such as algorithmic black boxes and model illusions. "In particular, while artificial intelligence can learn and analyze the underlying logic of human behavior, humans struggle to penetrate the internal decision-making processes of AI. This asymmetric understanding between humans and AI may pose profound challenges to the financial industry and highlights the importance of security governance," Lu Lei said. He added that China is willing to strengthen cooperation with ASEAN countries to jointly assess the new financial risks arising from AI technology, exchange practical experience in model lifecycle management and algorithmic risk prevention, improve the security protection system adapted to digital and intelligent development, and build a solid security barrier for "AI + Finance."On September 18, Russian Foreign Ministry spokeswoman Maria Zakharova published a statement on the ministrys website, demanding that Japan withdraw the US-made Typhon intermediate-range missile system deployed in Japan. Zakharova stated that Russia had issued a protest note to Japan on September 3 regarding the deployment of the Typhon system. Regardless of Japans pretext, deployment period, or method, the missile system must not be deployed on the front lines of its territory. Furthermore, the Japanese government must fully recognize the results of World War II, including the territorial dispute over the Southern Kuril Islands (known as the Northern Territories in Japan), and abandon its remilitarization policy.According to the official measurement of the China Earthquake Networks Center, a 3.7-magnitude earthquake occurred in Shaya County, Aksu Prefecture, Xinjiang (41.14 degrees north latitude, 83.15 degrees east longitude) at 22:32 on September 18, with a focal depth of 17 kilometers.Mexican President Sinbaum: We respect Canadas decision to move closer to the European Union.

Gold Price Prediction: XAU/USD Volatility Decreasing Above $1,860 Prior to US Inflation

Alina Haynes

Feb 13, 2023 14:32

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Gold price (XAU/USD) volatility is decreasing ahead of U.S. inflation data that could provide fresh momentum. The price of the precious metal is fluctuating above $1,860.00. Nonetheless, the downside appears to be preferred as market players' risk appetite plummets.

 

During the Asian session, the US Dollar Index (DXY) is battling to break above the crucial resistance level of 103.35. S&P500 futures have suffered more losses as quarterly earnings have dampened expectations for risk-perceived assets. In addition, the repeated destruction of unexplained flying objects by the Pentagon's radar has impacted market sentiment. The alpha generated by 10-year US government bonds has fallen below 3.74 percent.

 

The Federal Reserve (Fed) has reignited concerns about future interest rate hikes, which has frightened market sentiment. Patrick Harker, president of the Federal Reserve Bank of Philadelphia, anticipates that interest rates will exceed 5% this year, as inflation remains elevated. He believes that higher interest rates should be maintained for a longer period of time to attain price stability.

 

The announcement of the US Consumer Price Index (CPI) will provide reassuring information for interest rates. According to a Reuters survey, both the headline and core CPI are anticipated to increase by 0.4% on a monthly basis.