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On August 19th, it was reported that the 18th Plenary Session of the China Artificial Intelligence Industry Development Alliance was held in Beijing on August 18th. Gan Xiaobin, Deputy Director of the Science and Technology Department of the Ministry of Industry and Information Technology, pointed out in his speech that the Ministry of Industry and Information Technology has thoroughly implemented the decisions and deployments of the CPC Central Committee and the State Council, adhering to the principle of taking manufacturing as the main battlefield and application-driven development as the main line to promote the development of the artificial intelligence industry and empower new industrialization. The next step will be to seize the opportunities of change and promote technological innovation, application implementation, ecosystem cultivation, and security governance in an integrated manner. First, driven by technological breakthroughs, we will accelerate breakthroughs in key core technologies such as intelligent chips and explore cutting-edge technologies such as brain-like intelligence, world models, and physical models. Second, driven by scenario applications, we will deeply implement "analog-data resonance," humanoid robots, and embodied intelligence real-world training, creating a virtuous cycle of mutual promotion among models, data, and scenarios. Third, supported by ecosystem optimization, we will adhere to standard leadership, accelerate the development and application of standards in key areas, and launch influential de facto standards. Fourth, guaranteed by security governance, we will launch a pilot action for ethical review, improve the artificial intelligence science and technology ethics governance system, innovate security governance technology tools, and establish a security governance mechanism covering the entire life cycle.UAE officials say reports of providing financial facilities to Iran are untrue.On August 19th, it was learned from Xiaomi that their upcoming next-generation humanoid robot will be approximately 1.7 meters tall, weigh 66 kilograms, and have 66 degrees of freedom, half of which are concentrated in its hands. Currently, this robot is a prototype and will be exhibited in Europe after its initial domestic debut. In 2022, Xiaomi released its full-size humanoid robot "Tieda," nearly two months earlier than the Tesla Optimus prototype. Tieda was 1.77 meters tall, weighed 52 kilograms, and had 21 degrees of freedom. Since then, Xiaomi has released little information regarding its robotics products.The Russian Ministry of Defense stated: "We struck fuel storage tanks at the port of Chernomorsk in Ukraine and a military cargo ship in the Black Sea."The governor of Kherson Oblast in Ukraine said that a Russian drone attack on a bus killed four people.

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).