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Spot gold was down 1.00% intraday, trading at $4,408.63/oz; spot silver was down more than 2.00% intraday, trading at $73.13/oz.

2026-05-28

Spot gold was down 1.00% intraday, trading at $4,408.63/oz; spot silver was down more than 2.00% intraday, trading at $73.13/oz.

Other News
2026-05-28

U.S. Treasury Secretary Bessant: Real GDP grew by 2.7% over the past four quarters.

U.S. Treasury Secretary Bessant: Real GDP grew by 2.7% over the past four quarters.
2026-05-28

People familiar with the matter said ByteDance is developing its own CPU to meet growing AI infrastructure demand, citing a surge in chip prices and prolonged supply shortages that have constrained the company’s expansion plans. The move highlights a

People familiar with the matter said ByteDance is developing its own CPU to meet growing AI infrastructure demand, citing a surge in chip prices and prolonged supply shortages that have constrained the company’s expansion plans. The move highlights an industry shift into the "inference" phase of AI, which has materially increased CPU demand and precipitated shortages in recent months, the sources said. ByteDance plans to deploy the in‑house CPUs in its servers and data centers to support internal operations and to prepare for large‑scale rollouts of agent‑like products including the Coze platform. The company is pursuing two CPU architecture tracks — one Arm‑based and one based on the open‑source RISC‑V instruction set — to assess which design better suits its long‑term data center needs. ByteDance currently buys CPUs from Intel and AMD; both suppliers have hiked prices sharply in recent months, with QoQ increases of roughly 10%–35%, prompting the company to accelerate development of an internal alternative, the people said.
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