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February 7th - According to the official WeChat account "Pudong Release," the groundbreaking ceremony for the Zeiss Greater China Headquarters Complex was held in the Waigaoqiao Free Trade Zone on the afternoon of February 7th. The new complex represents Zeisss largest single infrastructure investment in China to date, with a planned construction area exceeding 50,000 square meters.On February 7th, Tang Wenkan, Director of the Shanghai Municipal Commission of Economy and Information Technology, stated that Shanghais confidence in the field of artificial intelligence stems from four major advantages: industrial cluster collaboration, mega-city scenarios, a large-scale talent supply, and a complete industrial and financial system. Going forward, Shanghai will focus on three key areas for continued optimization. First, further strengthening the industrial chain. In Shanghai, good models have no shortage of computing power, good applications have no shortage of corpora, and good products have no shortage of chips. Shanghai possesses nearly 10% of the nations computing power, operates the nations first public corpus platform, has launched 138 registered large-scale models, and achieved breakthroughs in multiple intelligent computing chips. In recent years, Shanghai has issued 1 billion yuan annually in computing power vouchers, corpus vouchers, and model vouchers, continuously implementing a series of initiatives including "Speeding Up Shanghais Models, Gathering Power in Shanghais Models, and Accelerating Intelligent Development of Models," and the AI4S "100 Teams, 100 Projects" program. Particularly in the field of embodied intelligence, nearly 40 humanoid robots from Shanghai have moved from the laboratory into daily life, empowering the real economy. Last year, Shanghai Zhiyuan ranked first globally in humanoid robot shipments.February 7 – The Federal Aviation Administration (FAA) announced the conclusion of its investigation into the anomaly surrounding SpaceXs Falcon 9 rocket. The investigation confirmed that there were no injuries or damage to public property, and the FAA has approved the Falcon 9 rockets return to service. The rocket will proceed with its scheduled launch of the latest crewed Dragon spacecraft mission.February 7th - According to State Grid Corporation of China, on February 6th, Zhang Zhigang, Chairman and Party Secretary of State Grid Corporation of China, and Zhang Wenfeng, General Manager and Deputy Party Secretary, held talks at the company headquarters with Jiang Yi, Chairman and Party Secretary of China Huadian Corporation, and Ye Xiangdong, General Manager and Deputy Party Secretary. Both sides stated that, focusing on the "15th Five-Year Plan" development, they will deepen pragmatic cooperation, promote the development and transmission of clean energy from large-scale clean energy base projects such as the "Shagohuang" area, promote the deep integration of technological and industrial innovation, accelerate the construction of a unified national electricity market, and promote high-quality development of energy and power.A Ukrainian security official said: "Ukrainian drones attacked a Russian factory that produces missile fuel components."

The price of gold fluctuates about $1,700, and given increased hawkish Fed bets, a decline seems imminent

Alina Haynes

Jul 18, 2022 12:03

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In the early Tokyo session, Gold Price (XAUUSD) tried to break above the consolidation that had been created in a constrained range between $1,703.21 and 1,705.90 on Friday. After a brief squeeze, the precious metal is now showing some symptoms of increased volatility. On Friday, the shiny metal successfully defended the psychological level of $1,700.00, which is also close to Thursday's low. The psychological support of $1,700.00 has undergone two tests, which has increased the importance of the level for market players. The precious metal is currently showing exhaustion indications at lower levels, but additional filters are needed to showcase a bullish turnaround.

 

Despite modest losses on Friday, the US dollar index (DXY) closed the week on a positive note. Weekly results showed that the asset kept winning. The DXY has been making advances for the last three weeks in a row. Despite the asset showing a stronger decline on a shorter timeline, the upside is still justified because to the DXY's overall performance. A downwards move is almost certain to occur since the asset is now auctioning in an inventory distribution phase at roughly 108.00.