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On August 14th, it was reported that AI unicorn Anthropic is preparing for a potentially record-breaking IPO, holding initial meetings with potential investors. According to sources, the talks are currently focused on macro-level issues and have not yet touched on specific financial data or valuation. Anthropics CFO, Krishna Rao, is leading the meetings, which primarily revolve around the Claude AI model series, the Claude Code programming assistant, the companys market positioning, management team, and product iteration. The company secretly filed for listing with the U.S. Securities and Exchange Commission in June but has not yet announced a formal IPO timeline. Anthropic completed a financing round at the end of May this year, reaching a valuation of $965 billion, higher than OpenAIs valuation of $852 billion at the same time; the company disclosed that its annualized revenue run rate has exceeded $47 billion. Some investors expect its IPO valuation to reach $2 trillion, but this is not the companys official target. In the competitive arena, OpenAI has also secretly filed for listing but has not yet started pre-IPO investor meetings.According to Saba News Agency, controlled by the Houthi rebels in Yemen: Saudi Arabia shelled villages in Saada province in northern Yemen.According to CNBC: Sources indicate that Anthropic CFO Kerry is leading early IPO communications with investors, but valuation has not yet been discussed.The Federal Reserve reported that, on a seasonally adjusted basis, outstanding U.S. commercial paper increased by $1.6 billion in the week ending August 12; on a non-seasonally adjusted basis, outstanding U.S. commercial paper decreased by $1.1 billion in the week ending August 12, while outstanding U.S. foreign financial commercial paper increased by $10.9 billion in the week ending August 12.OpenAI: GPT-5.6 Sol UltraFast Mode has been made available for limited preview to a select group of customers.

Gold Price Prediction: XAU/USD oscillates about $1,650 as DXY recovers recent losses

Alina Haynes

Oct 25, 2022 15:24

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Gold price (XAU/USD) is indecisive while rebounding from intraday lows to $1,650 ahead of Tuesday's European session.

 

Nevertheless, the yellow metal attracted purchasers earlier in the day due to a weaker U.S. dollar, but the currency's recent resurgence looks to have weighed on the price recently. It should be mentioned that unfavorable concerns regarding China, one of the world's largest gold consumers, have recently posed a threat to the pricing of precious metals.

 

In the absence of Fed-speak, the US Dollar Index (DXY) gains bids to reclaim the 112.00 mark while trimming its first weekly loss in three weeks. It should be emphasized that the Fed's aggressive rhetoric and weak US PMIs also support the DXY's safe-haven appeal.

 

China's efforts to protect its struggling economy and worldwide pessimism regarding Xi Jinping's third term, not to mention Hang Seng's decline to a 13-year low, impose downward pressure on market mood and the XAU/USD exchange rate.

 

US 10-year Treasury rates continue under pressure around 4.21 percent, down two basis points (bps), while US stock futures and Asia-Pacific markets are moderately bid.

 

Moving forward, second-tier US Housing data and Consumer Confidence indicators may delight gold speculators before Thursday's third-quarter US Gross Domestic Product report (Q3).

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