Core Viewpoint - The U.S. Treasury Secretary Janet Yellen urged Japan to adopt a "robust monetary policy" in light of Japan's slow pace of interest rate hikes, which has implications for currency stability and inflation expectations [1][3]. Group 1: U.S. and Japan Monetary Policy - Yellen emphasized the importance of formulating and communicating a robust monetary policy to stabilize inflation expectations and prevent excessive currency fluctuations [3]. - The meeting between Yellen and Japan's Finance Minister Shunichi Suzuki did not directly address Japan's monetary policy, indicating a nuanced diplomatic approach [4]. - Japan's central bank has raised interest rates twice since January but maintains borrowing costs at 0.5%, reflecting a cautious approach to monetary tightening [5]. Group 2: Economic Implications - Critics argue that the slow pace of interest rate hikes has led to a weaker yen, increasing import costs and overall inflation, which has become a political challenge for Japan [6]. - Japan's core inflation rate has exceeded the central bank's 2% target for over three years, raising concerns among policymakers about potential second-round price effects [7]. - The Japanese government appears optimistic about the benefits of a weaker yen, complicating the monetary policy landscape [7]. Group 3: Market Expectations and Predictions - Analysts suggest that Washington may be pursuing a weaker dollar policy to boost U.S. exports, thereby pressuring Japan to allow the yen to appreciate against the dollar [8]. - Market consensus indicates that the Bank of Japan's next interest rate hike may occur in December 2023 or January 2024, with a gradual approach to increasing rates [8]. - Goldman Sachs analysts predict that as Japan normalizes its monetary policy, the yen could appreciate to around 100 against the dollar over the next decade, reversing a long-term depreciation trend [8][9].

Core Viewpoint - The recent surge in gold prices has been deemed unsustainable, leading to a correction phase as the market eliminates speculative positions [1][3][4]. Group 1: Price Movements - Gold prices soared by 27% over the past seven weeks, reaching a peak of $4,381 per ounce on October 20, before declining over 9% from that high [3]. - Current gold prices have fallen back to around $3,960 per ounce after briefly recovering above $4,000 [1][3]. Group 2: Market Sentiment - Industry executives believe the recent price drop is a "healthy correction" that addresses the unsustainable rally, with expectations of further adjustments in the coming weeks [3][4]. - The World Gold Council's market strategist, John Reade, indicated that many in the industry are hoping for a deeper correction than currently observed [3]. Group 3: Investor Behavior - Investor demand has been a key driver for gold prices this year, as it is viewed as a hedge against geopolitical uncertainty, high government debt, and dollar depreciation [4]. - There is concern about whether retail investor enthusiasm can be sustained, as recent weeks have seen a surge in purchases of small gold bars and coins in Australia and Japan [6]. Group 4: Future Outlook - Major financial institutions, including HSBC, Bank of America, and Société Générale, have set gold price targets at $5,000 per ounce for the next year [5]. - The CEO of the London Bullion Market Association, Ruth Crowell, stated that gold is on a "robust upward trajectory" and is becoming a mainstream choice for investors [6].

Core Points - The largest federal employee union in the U.S. is urging Congress to end a government shutdown that has lasted for four weeks, increasing pressure on Senate Democrats who have repeatedly blocked Republican proposals [1][2] - The union represents over 800,000 federal employees and claims the current situation is a "crisis that could have been avoided," affecting countless families and communities [1][6] - The shutdown has resulted in hundreds of thousands of federal employees, including air traffic controllers, facing unpaid work, leading to potential chaos at airports [2][6] Summary by Sections Union's Position - The American Federation of Government Employees (AFGE) is calling for a "clean" continuing resolution to end the shutdown, which is a short-term spending bill [1] - AFGE has not named any political party in its demands but aligns with Republican calls for action [2] Impact on Federal Employees - Many federal employees did not receive full pay last week, and more will face unpaid situations this week, forcing them to rely on savings, short-term loans, or food banks [2] - The union's statement has been acknowledged by Democrats, but they remain opposed to Republican proposals [3] Legislative Context - A temporary funding bill proposed by Republicans passed the House but has been repeatedly blocked in the Senate, where a supermajority is required [4] - Senate Minority Leader Chuck Schumer insists that bipartisan negotiations on healthcare subsidies must occur before any government restart [4] Political Dynamics - Some lawmakers have proposed separate bills to pay federal employees during the shutdown, but it remains unclear if Republican leadership will allow these bills to be voted on [5] - The ongoing shutdown reflects deep political polarization in the U.S., with ordinary citizens and federal employees becoming collateral damage in partisan conflicts [6]

Core Viewpoint - The Bank of Korea (BOK) is signaling a potential shift towards increasing its gold reserves after a 12-year hiatus, amidst a global trend of central banks accumulating gold as a hedge against financial uncertainty [2][3]. Group 1: Current Status of Gold Reserves - The BOK has maintained its gold reserves at 104.4 tons since 2013, ranking 39th among global central banks [3]. - The BOK's ranking has declined from 32nd in 2013 to 39th, and potentially to 41st when including the IMF and ECB [3]. - A recent survey indicated that 95% of central banks expect an increase in gold reserves over the next 12 months, contrasting with the BOK's cautious stance [3]. Group 2: Reasons for Previous Inaction - The BOK refrained from purchasing gold due to higher returns from risk assets like stocks, with the S&P 500 rising 158% compared to gold's 71% increase over the same period [4]. - A decline in foreign exchange reserves from a peak of $469.2 billion in October 2021 to approximately $420 billion has limited the BOK's ability to diversify into gold [4]. - Past experiences of significant gold price volatility have contributed to a cautious approach, with gold prices dropping from $1,900 per ounce in 2011 to around $1,100 in 2015 [4]. Group 3: Potential Shift in Strategy - Market analysts warn that excessive caution may lead to missed opportunities, especially with predictions of rising gold prices due to potential interest rate cuts and a weakening dollar [7]. - The average gold price is forecasted to reach $4,450 per ounce next year, with a possibility of exceeding $4,800 by year-end [7]. - The BOK's gold reserves constitute only 2.8% of its foreign exchange reserves, significantly lower than Japan and China, indicating a lack of safe assets to buffer against economic uncertainties [7]. Group 4: Political and Market Pressure - There is increasing political pressure for the BOK to enhance its gold reserves, with calls to recognize gold as a strategic asset for maintaining monetary sovereignty [8]. - Emerging market central banks are actively buying gold during price dips, providing strong support for gold prices [8].

Core Viewpoint - Qualcomm has launched a new AI chip series aimed at the lucrative AI data center market, intending to challenge Nvidia's dominance in this rapidly growing sector [2][3] Group 1: Product Launch and Market Strategy - Qualcomm's new AI200 chip series is set to ship next year, with its first customer being Saudi AI startup Humain, which plans to deploy systems with a total power of 200 megawatts by 2026 [2] - The AI200 products will be available in various forms, including standalone chips, expansion cards for existing devices, and complete rack servers, allowing Qualcomm to compete directly with Nvidia and other chip manufacturers [3] - The new chips are built on neural processing units (NPU), originally used in smartphones, designed to accelerate AI tasks without significant power consumption [3][4] Group 2: Financial Implications and Market Position - Analysts suggest that even a small market share in the over $500 billion AI accelerator market could generate billions in new revenue for Qualcomm [3] - Qualcomm's stock rose 11% to $187.68, marking its highest price since July 2024 and the largest single-day gain since April of this year [2] - The company aims to reduce its reliance on smartphone sales, which have slowed, by expanding into automotive and personal computer chips, with this being its first product targeting the data center market [4] Group 3: Competitive Landscape - Nvidia's data center revenue is projected to exceed $180 billion this year, significantly outpacing the total revenue of all chip manufacturers, including Qualcomm [4] - Qualcomm's new chips will feature unprecedented memory capacity, with low-power dynamic random-access memory (LPDDR) reaching up to 768GB, which is crucial for AI processing [4][5] - The growth of AI business is expected to help Qualcomm offset revenue losses from Apple, which has contributed about 20% of Qualcomm's revenue in recent years but is now shifting towards in-house chip development [5]

Core Viewpoint - President Trump may announce a nominee to replace Federal Reserve Chairman Jerome Powell by the end of the year, with Powell's term ending in May next year. The candidate pool has been narrowed down to five finalists [2][3]. Candidate Selection Process - Treasury Secretary Mnuchin plans to conduct a second round of interviews with the current list of candidates next month, followed by submitting a more streamlined nomination list to the President [3]. - The five finalists include current Fed governors Christopher Waller and Michelle Bowman, along with leading candidates Kevin Hassett and Kevin Warsh, and Rick Rieder from BlackRock [3][4]. Candidate Dynamics - Hassett and Warsh are viewed as the frontrunners due to their close relationships with Trump, which many Fed observers believe will be a key factor in this significant personnel decision during Trump's remaining term [4]. - Trump has previously indicated he is not considering Mnuchin for the position, but sources suggest Mnuchin could still be a potential contender if Trump is dissatisfied with other candidates [3][5]. Recent Developments - Trump had considered announcing a successor earlier this year due to dissatisfaction with Powell's refusal to cut interest rates, but a vacancy created by the resignation of a Fed governor allowed for a new appointment [6]. - Mnuchin has initiated a strategy to delay the nomination process, conducting interviews with 11 candidates publicly [7]. Monetary Policy Context - The public selection process has encouraged candidates to engage in the monetary policy debate, with Mnuchin amplifying calls for the Fed to consider more aggressive rate cuts [8]. - The Fed recently cut rates by 25 basis points, but there is a push from some, including Miran, for a larger cut of 50 basis points, with market expectations leaning towards another 25 basis point cut in the upcoming meeting [9]. Timing and Implications - Traditionally, the White House announces a new Fed chair three to four months before the current chair's term ends, allowing the incoming chair to guide market expectations on interest rates. However, an early announcement could put the successor in a difficult position regarding future policy decisions [10]. - The new Fed chair is likely to take over Miran's current position on the Fed board, which will allow them to participate in upcoming rate decision meetings before officially starting their term in mid-May [10].

男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 消息人士：欧佩克+倾向再度小幅增产 泽连斯基：与盟友七至十天内制定停火方案 高通发布新芯片，进军数据中心市场挑战英伟达 菲律宾央行官员：黄金储备"过量"，应出售一部分来获利 潘功胜：央行将恢复公开市场国债买卖 吴清：证监会将启动实施深化创业板改革 朱鹤新：聚焦贸易便利化，外汇局近期将出台9条政策措施 周一，美元指数震荡下行，最终小幅收跌0.13%，报98.81。基准的10年期美债收益率收报3.9790%，对美联储政策利率敏感的2年期美债收益率收报 3.4990%。 全球贸易冲突的最新进展令避险需求降温，现货黄金大跌近3%，失守3990美元/盎司大关，日内跌超100美元，最终收跌3.17%，报3981.74美元/盎司；现货 白银最终收跌3.54%，报46.89美元/盎司。 OPEC+倾向于再次小幅增加12月份的石油产量，国际油价收低。WTI原油最终收跌0.15%，报61.37美元/桶；布伦特原油最终收跌0.96%，报65.17美元/桶。 美股道指收涨0.7%，标普 ...

周一，黄金继续下跌，延续了自八月中旬以来首次周度收跌的势头。 截止周一美盘，金价大跌近3%，并失守4000美元大关，日内跌超100美元，交易员们乐观地认为一些曾支撑贵金属价格的经济风险和地缘政治紧张局势已经 缓解。 本周将是各国央行密集公布利率决议的一周，美联储、欧洲央行和日本央行都将做出利率决定。市场预测美联储将降息25个基点，而欧洲央行和日本央行预 计将维持利率不变。三菱日联分析师Soojin Kim表示，这些央行进一步放松货币政策可能会为黄金等无息资产提供新的支持。 与此同时，近1000名专业的黄金交易员、经纪商和精炼商齐聚日本，参加由伦敦金银市场协会举办的会议。这场于上周日开始的盛会出席人数创下历史新 高，而黄金交易员之间日益激烈的人才争夺战很可能成为热门话题。 世界黄金协会的市场策略师John Reade在该活动上表示，央行的需求已不像以前那么强劲，专业交易员可能乐于见到一次更深度的回调。 他援引在会议上的交谈称，有人认为每盎司3500美元的价位"对黄金市场来说是健康的，因为这仍然是一个高得离谱的价格。" 瑞银分析师Giovanni Staunovo表示："可能达成的贸易协议正在支撑风险资产并打压黄 ...

特朗普政府一直高调表达其希望降低利率的愿望，这让鲍威尔在应对美联储决策层内部的深度分歧的同 时，也承受着巨大的政治压力。 市场普遍预计，美联储将在本周继续降息25个基点，这旨在防止劳动力市场进一步放缓，且可能不是一 系列降息的终点。 持续攀升的初请失业金人数表明，劳动力市场需求持续降温。尽管政府关门导致了大多数官方经济数据 的发布延迟，包括失业率（8月份的最后估算值为4.3%）。 弱于预期的通胀数据，包括上周报告的消费者价格指数（CPI）同比上涨3%，已经让人们对关税驱动的 价格压力的担忧暂时搁置一旁。或许更重要的是，美联储在上月降息25个基点后，经由共识达成的会后 声明中包含了对政策利率进行"额外调整"的措辞。 摩根大通首席美国经济学家Michael Feroli写道："虽然委员会中的相当一部分成员可能希望暗示，不应 将12月份的宽松政策视为理所当然，但我们认为这种替代措辞的选择可能对领导层来说过于鹰派。" 当然，美联储主席鲍威尔不会在周四的会后新闻发布会上暗示12月的另一次降息已经是板上钉钉的事。 因为变数太多，全球贸易谈判仍在变化之中，这可能会重塑对物价乃至更广泛经济增长的前景预期。 而且，若政府关门结 ...

Core Points - The U.S. military is increasing pressure on Venezuela and its president Nicolás Maduro, with the arrival of the USS Gravely in Trinidad and Tobago [1] - The Venezuelan government condemns the U.S. military presence as a provocation and a threat to regional peace, alleging a potential false flag operation [1] - U.S. actions are perceived as part of a broader strategy to overthrow Maduro's regime and seize Venezuela's natural resources [4][6] Summary by Sections U.S. Military Actions - The USS Gravely, a U.S. destroyer, docked in Port of Spain, Trinidad, for joint training exercises with U.S. officials [1] - The USS Gerald R. Ford aircraft carrier is approaching Venezuelan waters, indicating a significant military presence in the region [1] - U.S. military operations in South America have reportedly resulted in the deaths of at least 43 individuals involved in drug trafficking [2] Venezuelan Government Response - The Venezuelan government accuses the U.S. of planning a false flag attack, claiming to have captured a mercenary group with CIA ties [1] - Maduro's ally, Tarek William Saab, asserts that the U.S. aims to turn Venezuela into a colony and denies drug trafficking allegations against Maduro [2][4] - The Venezuelan government expresses willingness to restart dialogue with the U.S., despite the illegitimacy of U.S. anti-drug operations [3] Political Implications - U.S. congressional members question the legality of Trump's anti-drug operations and potential ground invasion plans [5] - Analysts view the military buildup as part of a broader intimidation strategy aimed at regime change in Venezuela [6]