Gold price (XAU/USD) plummeted during Monday’s North American session as news from a ceasefire between Lebanon and Israel crossed the wires, exacerbating appetite for riskier assets. This, along with the nomination of Scott Bessent as the Treasury Secretary for Trump’s administration, weighed on the yellow metal. The XAU/USD trades at $2,620, down over 3%. Improvement in risk appetite is the driver of Gold’s price action. The non-yielding metal has fallen below the 50-day Simple Moving Average (SMA) of $2,664, opening the door for further downside. Market players cheered Bessent’s appointment. UBS Commodity Analyst Giovanni Staunovo commented, “Some market participants see him as less negative about a trade war, considering his comments on a phased approach for implementing tariffs.” According to Joaquin Monfort, an analyst at FX Street, Bessent advocates for the “three-threes” policy. The policy suggests he would try to reduce the US deficit by 3% of annual (GDP), achieve a 3% annual GDP rate, and raise US Crude production by 3 million bpd. A recent report revealed by Axios revealed that Israel and Lebanon are close to agreeing to terms to end the Israel-Hezbollah conflict, which lifted prices to record highs. Bullion traders are also eyeing the release of the Consumer Confidence data, the latest Federal Open Market Committee (FOMC) Meeting Minutes, Initial Jobless Claims, and the Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) Price Index. Daily digest market movers: Gold plummets to five-day low beneath $2,650 Technical outlook: Gold price sellers step in, pushing prices under $2,630 Gold's price rally halted on Monday as sellers pushed XAU/USD beneath the $2,700 figure, prolonging its drop below $2,630. If bears clear the latter, the next support would be $2,600. If surpassed, a move to the 100-day SMA of $2,562 is on the cards, immediately followed by the November 14 swing low of $2,536. If buyers recover the 50-day SMA, they could challenge $2,700. Once surpassed, the next stop would be $2,750, ahead of the all-time high at $2,790. Oscillators like the Relative Strength Index (RSI) have shifted bearishly, indicating sellers are in charge. Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.However, the biggest surprise came after the match when a mysterious benefactor approached the village team with a generous donation of one million dollars. The unexpected windfall left the entire community in disbelief, sparking a wave of celebrations and joyous festivities that lasted for days on end.
fans had to endure quite a long wait before the arrival of the second half of the fifth season, a delay that was exacerbated thanks to a spat between creator Taylor Sheridan and star Kevin Costner. And now that the new episodes are here, unfortunately, they’ve proven to be quite a dud among many devotees of . ‘s fanbase has by and large eviscerated Part 2 of Season 5 online, giving it a series-low Rotten Tomatoes score of just 40%. The complaints have zeroed in on everything from the season’s uneven pacing to disappointing filler episodes, a reduced presence and then the abrupt departure of Costner, and a shift in focus from the dynamics of the central ranching family in favor of more political drama. “This is awful. Just awful,” reads a one-star Rotten Tomatoes review that appeared on Monday. “Like , they have built this amazing world, with great characters, and captivating drama, and then seemingly allowed it to develop through stream of consciousness until it is unresolvable. Where is the planning and the carefully crafted exit?” If that’s how you, too, are feeling about Paramount’s blockbuster drama, here are three to check out for much more satisfying family clashes and similar empire-building. Sign up for the most interesting tech & entertainment news out there. By signing up, I agree to the and have reviewed the (Prime Video) This first series, which shamefully cancelled after two seasons, is basically meets the supernatural. Starring Josh Brolin as a Wyoming rancher named Royal Abbott (who you can think of as an analog to Costner’s John Dutton in ), Prime’s show blends mind-bending sci-fi and Western drama, as Abbott uncovers a strange and mysterious void on his land. Both TV shows deal with stories about power struggles and family loyalty. , however, adds existential mystery and the metaphysical to the stakes of its story, making it much more interesting (in my opinion) than the real-world family and political conflicts you get from . (Apple TV+) This next TV is sort of like what you’d get if you combined the dysfunction of families like the Duttons of with the Roys of , and you then placed all that against the backdrop of Paris’ fashion scene. The conflict in this superb French drama (from the same production company behind , one of the greatest of all time) involves a corporate power struggle over the future of a high-end fashion house. Its visionary leader commits a sin that gets him cancelled, which puts ownership of his Chanel-like haute couture house up for grabs. Check out my interview with the show’s main cast . While the setting of couldn’t be more different from the expansive countryside of , both sides concern themselves with the demands of legacy. (Netflix) Finally, we come to a hit Netflix drama with a comparison to that’s maybe a little less obvious. Both shows, however, apart from being set in rural areas of the US, tell stories that grapple with the dark side of family dynamics. Both shows feature patriarchs navigating their families through the impact of internal and external forces. In , Jason Bateman plays Marty Byrde, a highly intelligent financial planner who becomes deeply involved in the world of crime and a drug cartel. His journey to the dark side is one of those arcs wherein the flawed protagonist is doing whatever he can to protect his family, a compromise that I’m sure John Dutton would easily understand.
As the knockout stages loom on the horizon, Liverpool will be looking to carry their momentum into the next round and beyond. With the form they are currently in, they will be a formidable opponent for any team that comes up against them. Their attacking prowess, defensive solidity, and never-say-die attitude make them a force to be reckoned with, and they will be aiming to go all the way and lift the Champions League trophy once again.Reports: Eagles coach Nick Sirianni apologizes to Commanders TE Zach Ertz
NEW YORK -- Mulchfest, New York City's tradition of recycling Christmas trees, is returning after the 2024 holidays. New Yorkers can bring their Christmas trees to locations in all five boroughs where the New York City Parks Department will turn them into wood chips for free. The recycled Christmas trees will be made into mulch during Chipping Weekend , Saturday, Jan. 11 to Sunday, Jan. 12. But trees can be dropped off during park hours from Dec. 26 to Jan.12, NYC Parks says. New Yorkers who bring trees to a chipping location on Chipping Weekend can take home a free back of mulch. The rest of the wood chips will be used to "nourish trees and make NYC even greener," according to the city. Here are Mulchfest locations in each borough: Chipping sites: Drop-off only: Chipping sites: Drop-off only: Chipping sites: Drop-off only: Chipping sites: Drop-off only: Chipping sites: Drop-off only: Click here for a map of Mulchfest chipping and drop-off locations. Mark Prussin is a digital producer at CBS New York. He covers breaking news, sports, politics and trending stories in New York, New Jersey and Connecticut. Mark joined the CBS New York team in 2019.
As the Russia-Ukraine conflict shows no signs of abating, the international community must remain vigilant and united in its condemnation of violence and aggression. Transparent and accountable reporting of casualties is essential to understanding the full impact of the conflict and working towards a sustainable and just peace for the people of Ukraine.In a thrilling turn of events, Nvidia is venturing deeper into the realm of robotics. The tech giant is slated to unveil the Jetson Thor, the next generation of compact computers tailored for humanoid robots, anticipated in the first half of next year. This strategic pivot aligns with Nvidia’s ambition to dominate the burgeoning robotics industry, as highlighted in a recent Financial Times report. Faced with intensifying competition from tech behemoths like AMD, Google, and Amazon, Nvidia is embracing the “physical AI” domain. The company’s investments aim to bolster emerging robotics firms, evidenced by its involvement with Microsoft and OpenAI in a funding round for Figure AI, a humanoid robotics company valued at $2.6 billion. Nvidia’s robotics sector, though currently a smaller segment of its vast $35.1 billion in quarterly sales, is poised for significant growth. Data center revenue may constitute the lion’s share, but the company is clearly betting on the future of robotics. In related developments, MIT researchers have demonstrated breakthroughs in AI for warehouse robots. Their innovative system, known as PRoC3S, empowers robots to navigate and manipulate odd-shaped packages with human-like dexterity. This cutting-edge technology could revolutionize warehouse operations amidst surging demand for eCommerce, bridging the gap between robotic efficiency and human finesse. As the robotics and AI landscapes evolve, Nvidia’s bold initiatives signal its commitment to leading the charge in this technological revolution. With advances in autonomous vehicles and robotics, the possibilities for transformation are endless. Nvidia’s Bold Robotics Move: A Game Changer for the Industry? Nvidia is making significant strides in the robotics arena with the upcoming release of the Jetson Thor, a new line of compact computers specially designed for humanoid robots. Set to debut in the first half of next year, this development underscores Nvidia’s strategic shift towards dominating the rapidly expanding robotics industry. Focus on Physical AI Amid growing competition from industry titans such as AMD, Google, and Amazon, Nvidia is investing heavily in the physical AI domain. This area focuses on empowering robots to interact more seamlessly with the physical world, akin to human abilities. A prime example of this approach is Nvidia’s recent funding partnership with Microsoft and OpenAI for Figure AI, a humanoid robotics company. Expanding Market Segment While Nvidia’s robotics division currently makes up a smaller portion of its $35.1 billion quarterly sales, the segment is predicted to experience substantial growth. Despite data center revenue being substantial, robotics is fast becoming a key focus, reflecting Nvidia’s long-term vision for technological leadership. Breakthroughs in Robotics and AI Parallel to Nvidia’s expansions, significant breakthroughs are being witnessed in robotics-related AI research. A team of MIT researchers has introduced PRoC3S, an AI system that enhances warehouse robots’ ability to navigate and handle unusually shaped packages with precision reminiscent of human workers. This advancement could vastly improve efficiency in warehouse operations, especially with the rising demand in eCommerce. A Look Into the Future Nvidia’s ventures represent a broadening enterprise into the future of robotics and AI, where advancements in autonomous vehicles and robotic solutions could reshape entire industries. With the Jetson Thor, Nvidia is well-positioned to drive innovation and change the landscape of how robots integrate into various sectors. For more about Nvidia’s innovations and ambitions within the tech landscape, visit their official website through this Nvidia link . Conclusion As the robotics and AI domain continues to evolve rapidly, Nvidia’s strategic investments and technological advancements foreshadow a future dominated by intelligent and highly capable robots. This shift could mark the beginning of a new era where AI and robotics seamlessly blend to transform industries worldwide.
POUGHKEEPSIE, N.Y. (AP) — Elijah Lewis scored 21 points as Marist beat Binghamton 69-51 on Sunday. Read this article for free: Already have an account? To continue reading, please subscribe: * POUGHKEEPSIE, N.Y. (AP) — Elijah Lewis scored 21 points as Marist beat Binghamton 69-51 on Sunday. Read unlimited articles for free today: Already have an account? POUGHKEEPSIE, N.Y. (AP) — Elijah Lewis scored 21 points as Marist beat Binghamton 69-51 on Sunday. Lewis also had six rebounds and six assists for the Red Foxes (9-2). Josh Pascarelli added 15 points while shooting 6 for 12, including 2 for 5 from beyond the arc and grabbed seven rebounds. Jason Schofield shot 5 of 13 from the field to finish with 10 points. The Bearcats (8-7) were led by Ben Callahan-Gold, who posted 10 points. Gavin Walsh added nine points, 11 rebounds and three steals for Binghamton. Tymu Chenery had nine points and five assists. The loss snapped the Bearcats’ six-game winning streak. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. AdvertisementHaiti's sexual violence survivors face dwindling support, report warns
Title: Fatigue and Injury Risks Loom as Real Madrid Face Continuous Matches on Wednesdays and SundaysLarry Magid: Looking back at 2024 in tech
LOS ANGELES (AP) — The Biden administration plans on reducing part of Intel's $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. The reduction is largely a byproduct of the $3 billion that Intel is also receiving to provide computer chips to the military. President Joe Biden announced the agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans in March. The changes to Intel’s funding are not related to the company’s financial record or milestones, the people familiar with the grant told The Associated Press. In August, the chipmaker announced that it would cut 15% of its workforce — about 15,000 jobs — in an attempt to turn its business around to compete with more successful rivals like Nvidia and AMD. Unlike some of its rivals, Intel manufactures chips in addition to designing them. Two years ago, President Biden hailed Intel as a job creator with its plans to open a new plant near Columbus, Ohio. The president praised the company for plans to “build a workforce of the future” for the $20 billion project, which he said would generate 7,000 construction jobs and 3,000 full-time jobs set to pay an average of $135,000 a year. The California-based tech giant's funding is tied to a sweeping 2022 law that President Biden has celebrated and which is designed to revive U.S. semiconductor manufacturing. Known as the CHIPS and Science Act , the $280 billion package is aimed at sharpening the U.S. edge in military technology and manufacturing while minimizing the kinds of supply disruptions that occurred in 2021, after the start of the coronavirus pandemic, when a shortage of chips stalled factory assembly lines and fueled inflation . The Biden administration helped shepherd the legislation following pandemic-era concerns that the loss of access to chips made in Asia could plunge the U.S. economy into recession. When pushing for the investment, lawmakers expressed concern about efforts by China to control Taiwan, which accounts for more than 90% of advanced computer chip production. In August, the administration pledged to provide up to $6.6 billion so that a Taiwanese semiconductor giant could expand the facilities it is already building in Arizona and better ensure that the most advanced microchips are produced domestically for the first time. The Commerce Department said the funding for Taiwan Semiconductor Manufacturing Co. meant the company could expand on its existing plans for two facilities in Phoenix and add a third, newly announced production hub. The administration has promised tens of billions of dollars to support construction of U.S. chip foundries and reduce reliance on Asian suppliers, which Washington sees as a security weakness. _____ Boak reported from Washington. Josh Boak And Sarah Parvini, The Associated PressOne of the key objectives of the South Nanjing office is to strengthen cooperation with local suppliers and manufacturers, facilitating the sourcing of high-quality products for Amazon's global platforms. By establishing a direct presence in Nanjing, Amazon aims to establish strong partnerships with Chinese businesses and leverage their expertise to offer a wider range of products to international consumers.Column: This red Midwestern state is a global paragon of clean powerWASHINGTON (AP) — A lead organization monitoring for food crises around the world withdrew a new report this week warning of imminent famine in north Gaza under what it called Israel's “near-total blockade,” after the U.S. asked for its retraction, U.S. officials told the Associated Press. The move follows public criticism of the report from the U.S. ambassador to Israel. The rare public dispute drew accusations from prominent aid and human-rights figures that the work of the U.S.-funded Famine Early Warning System Network , meant to reflect the opinion of unbiased international experts, has been tainted by politics. A declaration of famine would be a great embarrassment for Israel, which has insisted that its 15-month war in Gaza is aimed against the Hamas militant group and not against its civilian population. U.S. ambassador to Israel Jacob Lew earlier this week called the warning by the internationally recognized group inaccurate and “irresponsible ." Lew and the U.S. Agency for International Development, which funds the monitoring group, both said the findings failed to properly account for rapidly changing circumstances in north Gaza. Humanitarian and human rights officials expressed fear of U.S. political interference in the world's monitoring system for famines. The U.S. Embassy in Israel and the State Department declined comment. FEWS officials did not respond to questions. “We work day and night with the U.N. and our Israeli partners to meet humanitarian needs — which are great — and relying on inaccurate data is irresponsible,” Lew said Tuesday. USAID confirmed to the AP that it had asked the famine-monitoring organization to withdraw its stepped-up warning issued in a report dated Monday. The report did not appear among the top updates on the group's website Thursday, but the link to it remained active . The dispute points in part to the difficulty of assessing the extent of starvation in largely isolated northern Gaza. Thousands in recent weeks have fled an intensified Israeli military crackdown that aid groups say has allowed delivery of only a dozen trucks of food and water since roughly October. FEWS Net said in its withdrawn report that unless Israel changes its policy, it expects the number of people dying of starvation and related ailments in north Gaza to reach between two and 15 per day sometime between January and March. The internationally recognized mortality threshold for famine is two or more deaths a day per 10,000 people. FEWS was created by the U.S. development agency in the 1980s and is still funded by it. But it is intended to provide independent, neutral and data-driven assessments of hunger crises, including in war zones. Its findings help guide decisions on aid by the U.S. and other governments and agencies around the world. A spokesman for Israel's foreign ministry, Oren Marmorstein, welcomed the U.S. ambassador's public challenge of the famine warning. “FEWS NET - Stop spreading these lies!” Marmorstein said on X . In challenging the findings publicly, the U.S. ambassador "leveraged his political power to undermine the work of this expert agency,” said Scott Paul, a senior manager at the Oxfam America humanitarian nonprofit. Paul stressed that he was not weighing in on the accuracy of the data or methodology of the report. “The whole point of creating FEWS is to have a group of experts make assessments about imminent famine that are untainted by political considerations,” said Kenneth Roth, former executive director of Human Rights Watch and now a visiting professor in international affairs at Princeton University . “It sure looks like USAID is allowing political considerations -- the Biden administration’s worry about funding Israel’s starvation strategy -- to interfere." Israel says it has been operating in recent months against Hamas militants still active in northern Gaza. It says the vast majority of the area’s residents have fled and relocated to Gaza City, where most aid destined for the north is delivered. But some critics, including a former defense minister, have accused Israel of carrying out ethnic cleansing in Gaza’s far north, near the Israeli border. North Gaza has been one of the areas hardest-hit by fighting and Israel’s restrictions on aid throughout its war with Hamas militants. Global famine monitors and U.N. and U.S. officials have warned repeatedly of the imminent risk of malnutrition and deaths from starvation hitting famine levels. International officials say Israel last summer increased the amount of aid it was admitting there, under U.S. pressure. The U.S. and U.N. have said Gaza’s people as a whole need between 350 and 500 trucks a day of food and other vital needs. But the U.N. and aid groups say Israel recently has again blocked almost all aid to that part of Gaza. Cindy McCain , the American head of the U.N. World Food Program, previously called for political pressure to get food flowing to Palestinians there. Israel says it places no restrictions on aid entering Gaza and that hundreds of truckloads of goods are piled up at Gaza’s crossings and accused international aid agencies of failing to deliver the supplies. The U.N. and other aid groups say ongoing combat, looting and insufficient security by Israeli troops make it impossible to deliver aid effectively. Lew, the U.S. ambassador, said the famine warning was based on “outdated and inaccurate” data. He pointed to uncertainty over how many of the 65,000-75,000 people remaining in northern Gaza had fled in recent weeks, saying that skewed the findings. FEWS said in its report that its famine assessment holds even if as few as 10,000 people remain. USAID in its statement to AP said it had reviewed the report before it became public, and noted “discrepancies” in population estimates and some other data. The U.S. agency had asked the famine warning group to address those uncertainties and be clear in its final report to reflect how those uncertainties affected its predictions of famine, it said. “This was relayed before Ambassador Lew’s statement,” USAID said in a statement. “FEWS NET did not resolve any of these concerns and published in spite of these technical comments and a request for substantive engagement before publication. As such, USAID asked to retract the report.” Roth criticized the U.S. challenge of the report in light of the gravity of the crisis there. “This quibbling over the number of people desperate for food seems a politicized diversion from the fact that the Israeli government is blocking virtually all food from getting in,” he said, adding that “the Biden administration seems to be closing its eyes to that reality, but putting its head in the sand won’t feed anyone.” The U.S., Israel’s main backer, provided a record amount of military support in the first year of the war. At the same time, the Biden administration repeatedly urged Israel to allow more access to aid deliveries in Gaza overall, and warned that failing to do so could trigger U.S. restrictions on military support. The administration recently said Israel was making improvements and declined to carry out its threat of restrictions. Military support for Israel’s war in Gaza is politically charged in the U.S., with Republicans and some Democrats staunchly opposed any effort to limit U.S. support over the suffering of Palestinian civilians trapped in the conflict. The Biden administration’s reluctance to do more to press Israel for improved treatment of civilians undercut support for Democrats in last month’s elections. Sam Mednick and Josef Federman in Jerusalem contributed to this report.