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On September 20th, according to Qianwen Big Model, Qwen-Image-2.1, an image model that balances generation quality, inference efficiency, and cost of use, was open-sourced today. Qwen-Image-2.1 integrates text generation and image editing into a single model, with only 7B parameters for visual generation and native support for generating and editing transparent images. The main features of this updated model include four aspects: 1. Small model, powerful efficiency, and extreme cost-effectiveness: Lightweight model structure and inference optimization achieve a balance between generation quality and computational cost. 2. Native transparency, integrated creation and modification: Generates ordinary or transparent images based on prompts, and supports transparent layer editing and image cutout. 3. Versatile editing, multi-frame preservation: Supports up to 10 reference images, enhances local editing, portrait and product fidelity, and covers various editing tasks. 4. Realistic texture, elegant text and beautiful figures: Improves text layout, lighting and detail rendering for more aesthetically pleasing generated results.On September 20, Iranian Army Commander Jahanshahi stated that, in response to potential threats, a large number of troops remain deployed along Irans northwestern, western, southwestern, eastern, northeastern, and southeastern borders, as well as coastal areas, since the outbreak of the conflict. Various units of the Iranian Army, including special forces, rapid reaction forces, mechanized units, and artillery, have been deployed along the countrys borders, maintaining a high state of combat readiness.September 20th - It was learned today that the International Organization for Standardization (ISO) recently approved the establishment of all seven international natural gas standards led by my country. These standards cover key upstream areas of the industry chain, including shale gas exploration and development, natural gas carbon footprint accounting, natural gas reservoir core sampling, and natural gas hydrate testing. They will contribute to the construction of globally unified natural gas technology rules and promote the development of a clean, low-carbon, safe, and efficient global energy system.On September 20, Egyptian President Abdel Fattah al-Sisi met with visiting CIA Director John Ratcliffe and expressed his support for resolving regional hotspots such as Iran and Palestine through political means. According to a statement released by the Egyptian presidential palace that day, Sisi stated during the meeting that Egypt fully supports efforts aimed at reaching a comprehensive agreement to resolve the Iranian crisis, in order to promote the restoration of regional security and stability and guarantee freedom of international navigation. He emphasized that regional crises should be resolved through political and diplomatic means.On September 20th, the Ministry of Culture and Tourism issued the "15th Five-Year Plan for the Construction of the Public Cultural Service System." The plan proposes that by 2030, the level of balanced development of public cultural services will be continuously improved, the integrated construction of urban and rural public cultural service systems will be fully promoted, and the regional collaborative development mechanism will be more sound. The supply mechanism of public cultural services will be further improved, and an open, diversified, and collaborative supply pattern will be basically formed. The digitalization of public culture will reach a new level, and digital resources will be richer. Significant progress will be made in the reform of the public cultural service system and mechanism, and the vitality of innovation and creativity in public culture will be significantly enhanced. The plan comprehensively deploys five key tasks: promoting the quality and efficiency of public cultural services through reform, continuously promoting the construction of modern public libraries, promoting the prosperity and development of mass culture, promoting the balanced development of public cultural services, and improving the digitalization level of public cultural services. At the same time, it lists 18 key projects based on actual conditions to ensure that the direction is clear, the long-term goals are well-defined, and the implementation is grounded in reality.

Silver Price Prediction: XAG/USD falls as the dollar recovers some of its losses

Daniel Rogers

Oct 13, 2022 14:35

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Despite US Treasury bond yields retreating from weekly highs as a result of FOMC minutes indicating Fed officials' reluctance to declare triumph over inflation, the silver price extended its losing streak to four consecutive days.

 

Earlier in the European session, the XAG/USD reached a session high of $19.30 before falling to a session low of $18.84 before recovering some ground. XAG/USD is trading at $19.05 at the time of writing, 0.77% below its opening price.

 

US stocks ended Wednesday's trading session with slight losses. The atmosphere deteriorated as a result of the BoE's reiteration that the emergency bond-buying program will finish on October 14, and the minutes from the September FOMC meeting, which weighed on risk-perceived assets.

 

According to the FOMC's minutes, policymakers "stressed that the cost of taking insufficient action to reduce inflation likely outweighed the cost of taking excessive action." Officials emphasized that it will be necessary to "calibrate the pace of future rate hikes" in order to mitigate the impact on the US economy.

 

Several Fed members stressed the need to maintain a restrictive policy for as long as necessary, reaffirming the necessity to raise interest rates for an extended period.

 

In addition, traders are preparing for Thursday's US inflation report for September. Data released on Wednesday indicated that the Producer Price Index (PPI) increased by 8.5% year-over-year, while the so-called core PPI increased by 7.2%, which was less than the prior reading and projections.

 

According to the CME FedWatch Tool, the probability of a 75 basis point rate hike are 82% given the current environment. Consequently, the white metal will likely continue under pressure, preventing silver buyers from placing new wagers as US Treasury yields climb.