Gold Prices Stable After Fall, Google Cloud AI Deal | The Pulse 10/22
Market Intelligence Analysis
AI-PoweredGold prices stabilized after a significant decline, while Google is in talks to partner with AI firm Anthropic on a cloud computing deal worth tens of billions of dollars. European nations are working on a 12-point proposal to end Russia's war in Ukraine. The news comes as markets await key developments in the global economy.
Neutral to Bullish
Article Context
Gold and silver steadied, after suffering their steepest selloffs in years on Tuesday as concern their dizzying rallies in recent weeks had left them overvalued. In the world of tech, Bloomberg understands AI firm Anthropic and Google are in advanced talks over a cloud computing partnership potentially worth tens of billions of dollars. And European nations are working with Ukraine on a 12-point proposal to end Russia’s war along current battle lines, pushing back against Putin’s renewed demands to the US for Kyiv to surrender territory in return for a peace deal. Today's guests: Derek Halpenny, Global Markets Head of Research at MUFG, Adrian Cox, Thematic Strategist at Deutsche Bank Research, Anna Rosenberg, Head of Geopolitics at Amundi Investment Institute. (Source: Bloomberg)
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