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July 31st - According to media reports, Doubaos large-scale voice assistant has already been integrated into some new Tesla vehicles. Multiple sources familiar with the matter revealed that Qianwen has also entered the deep testing phase of Tesla Chinas in-vehicle infotainment system and is about to be launched. According to these sources, Qianwen has already completed extensive in-vehicle testing in a real Tesla in-vehicle environment, and its capabilities, including "listening and answering questions, controlling the car, navigating, and handling tasks," are already planned. In the future, the capabilities Qianwen can provide on Teslas in-vehicle infotainment system may far exceed the definition of a simple "voice assistant." As of now, neither Alibaba Cloud nor Tesla China has officially responded regarding when Qianwen will be officially launched in Tesla vehicles.July 31st - Volcano Engine announced the official release of its next-generation video generation model, Seedance 2.5. For enterprise users, Volcano Engine will soon launch API services. Several companies, including XCMG Group, XPeng Motors, Zhiyuan Robotics, Lingchu Intelligence, MicroFlying, Qiongche Intelligence, and XsparkAI, have already reached cooperation agreements with Volcano Engine and will be among the first to integrate Seedance 2.5.Bank of Japan Governor Kazuo Ueda will hold a monetary policy press conference in ten minutes; Switzerlands June real retail sales annual rate will be released in ten minutes.Apple shares fell 6.3% on the Tradegate trading platform after the company projected sales growth for the current quarter to fall short of market expectations.JPMorgan Chase lowered its price target for Reddit (RDDT.O) from $200 to $185.

Gold price prediction: XAU/USD slips to $1,690 on Fed forecasts; US retail sales expected

Daniel Rogers

Sep 15, 2022 11:37

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Gold price (XAU/USD) has adopted a downward trend after falling below Wednesday's minimum of $1,693.67. The precious metal is falling nearing $1,690.00 as bears take control of rising probabilities for a massive Federal Reserve (Fed) rate hike in the near future.

 

Earlier symptoms of weariness have dissipated as a result of Tuesday's higher-than-anticipated US Consumer Price Index (CPI) report. Despite declining gasoline costs, the headline US CPI was announced at 8.3%, which was higher than the 8.2% prediction. The investment community believed that inflation had begun to respond to the Federal Reserve's (Fed) raising interest rates and that a succession of declining price pressures would soon enable the Fed to adopt a 'neutral' stance.

 

However, a US inflation report that exceeded forecasts demonstrates that the road to a neutral monetary policy is far from complete. Moreover, predictions of a one percent rate increase are currently ascendant.

 

In today's session, the US Retail Sales report will be of paramount importance. The economic data estimates do not indicate any improvement in retail demand. This could be the outcome of a fall in consumer confidence in the economy.

 

The gold price has experienced a precipitous decline after demonstrating a textbook-style test and the collapse of a consolidation pattern. On an hourly scale, the consolidation formed within the region of $1,697.12-1,709.62. At $1,698.70, the yellow metal is trading below the 20-period Exponential Moving Average (EMA), which increases the downside filters.

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