Market Review - Gold and silver continued their downward trend, with London spot silver dropping below $74 per ounce and gold reaching a low of approximately $4886 per ounce. The previous trading day saw a significant sell-off, with silver falling over 10% and gold declining more than 3% [1] - Asian stock markets opened lower on February 13, with the Nikkei 225 index down 0.77% and the Korean Composite Index down 0.16% [1] - The US stock market experienced a large sell-off, with the Dow Jones Industrial Average falling by 669.42 points (1.34%) to close at 49451.98 points, the Nasdaq down 469.32 points (2.03%) to 22597.15 points, and the S&P 500 down 108.71 points (1.57%) to 6832.76 points. The fear index (VIX) surged over 20% during trading [1] Company News - OpenAI released its first AI model, GPT-5.3-Codex-Spark, based on chips from semiconductor startup Cerebras Systems [1] - AI startup Anthropic announced it raised $30 billion in its latest funding round, achieving a valuation of $380 billion. This round included "some" of the previously announced investments from Microsoft and Nvidia, which had planned to invest up to $5 billion and $10 billion, respectively [1][2] International Macro - According to CME's FedWatch, the probability of the Federal Reserve cutting rates by 25 basis points by March is 7.8%, while the probability of maintaining rates is 92.2%. By April, the cumulative probability of a 25 basis point cut rises to 25.3%, with a 73.1% chance of no change, and a 1.6% chance of a 50 basis point cut. By June, the probability of a 25 basis point cut is 49.9% [3]