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On September 7th, Mobile Cloud launched AutoLab for Quantum, a quantum research intelligent agent providing universities and research teams with a one-stop research service that allows for "dialogue-based experiments." Researchers can complete tasks such as quantum circuit construction and visualization, noisy simulations, VQE/QAOA and other variable quantum algorithm experiments, Grover search, quantum neural network training, pulse-level simulation and optimization, as well as paper retrieval and experiment reproduction, all without the need for tedious coding or complex environment configuration.The Xiaomi N90 Max Explorer Edition is priced at 299,900 yuan.On September 7th, Goldman Sachs significantly raised its industry forecast in its latest global optical module report, predicting that the global optical module market size will reach approximately $67.7 billion, $131.4 billion, and $148.5 billion in 2026, 2027, and 2028, respectively, representing increases of 33%, 81%, and 115% compared to previous forecasts. Goldman Sachs believes that this upward revision is not simply due to the growth in the number of AI servers, but more importantly, the continued migration of AI server architecture to high-speed networks, coupled with the increasing number of optical modules required for a single GPU or ASIC chip, driving rapid growth in demand for 800G, 1.6T, and even 3.2T.On September 7th, Goldman Sachs significantly raised its industry forecast in its latest global optical module report, predicting that the global optical module market size will reach approximately $67.7 billion, $131.4 billion, and $148.5 billion in 2026, 2027, and 2028, respectively, representing increases of 33%, 81%, and 115% compared to previous forecasts. Goldman Sachs believes that this upward revision is not simply due to the growth in the number of AI servers, but more importantly, the continued migration of AI server architecture to high-speed networks, coupled with the increasing number of optical modules required for a single GPU or ASIC chip, driving rapid growth in demand for 800G, 1.6T, and even 3.2T.The Xiaomi N90 Max is priced at 269,900 yuan.

Gold price forecast: US NFP, clear break above $1,717

Daniel Rogers

Sep 02, 2022 14:42

截屏2022-08-31 下午2.37.05_1024x576.png 

 

Gold price (XAU/USD) approaches $1,700 in Friday's Asian session, indicating a corrective pullback from the yearly low. Traders anticipate August's US Nonfarm Payrolls (NFP) and Unemployment Rate to determine gold's recovery.

 

XAU/USD pares recent losses at $1,698 and bounces off the lowest levels since July 21. Recent gains look to be pre-NFP market consolidation.

 

Hawkish Fedspeak and higher US data have weighed on XAU/USD values recently.

 

US ISM Manufacturing PMI for August was 52.8, compared to 52.0 expected. S&P Manufacturing PMI for August rose from 51.3 to 51.5, compared to 52.2 in July. US Initial Jobless Claims decreased to 232K from 248K and 237K. Unit Labor Cost grew 10.2% QoQ in Q2 versus 10.7% expected, while Labor Productivity fell 4.1% versus 4.5% expected and -4.6% before.

 

A covid-led lockdown in Chengdu, China, and a dismal Caixin Manufacturing PMI provide a bleak picture for the world's second-largest economy. Escalating geopolitical tension between Beijing and Washington via Taiwan might be similar.

 

Atlanta Fed President Raphael Bostic said inflation is 'far' from 2%. New Dallas Fed President Lory Logan said, "Restoring price stability is No. 1"

 

Wall Street closed neutral, but 10-year Treasury rates hit a high since late June. The 02-year rose to the 15-year top. CME's FedWatch Tool indicates 72% possibility of a rate hike in September, up from 69% earlier.

 

US Treasury rates and the US Dollar Index (DXY) fell from multi-year highs by press time.

 

US Nonfarm Payrolls (NFP) and Unemployment Rate for August are significant for gold dealers.