π° Hourly Briefing | 2026-08-05 14:00 CST
Gold surges above $4,163 up 2.11%, COMEX gold breaks $4,200; Infineon Q4 revenue guidance beats estimates on AI chip demand; Bessent says core inflation easing; A-share semiconductor sector rallies, STAR50 up 6%; Hormuz crisis boosts Saudi Aramco Q2 profit 33%.
π Market Snapshot
| Asset | Latest | Daily Change |
|---|---|---|
| Spot Gold | $4,163.40 | +2.11% β |
| Spot Silver | $61.30 | +3.00% β |
| WTI Crude | $74.21 | -0.16% β |
Gold surged intraday with a high of $4,172.93, and COMEX gold has broken above $4,200. Silver moved in tandem, with Shanghai silver futures up 6% to 14,955 yuan/kg. Crude oil remained relatively flat, with Hormuz risk premium not yet fully priced into WTI.
π₯ Key News This Hour
1. Infineon Q4 Revenue Guidance Beats Estimates, AI Data Center Chip Demand Accelerates German chip giant Infineon expects Q4 revenue of approximately β¬4.7B, above analyst consensus of β¬4.6B, driven by AI data center chip demand.
2. Bessent on Fed Chair Warsh: Wants to Maintain Flexibility, Core Inflation Easing Treasury Secretary Bessent stated that Warsh wants to preserve options for optimal outcomes, base inflation data is mild, and core inflation continues to moderate. Fed’s Paulson also indicated policy is “moderately restrictive.”
3. Hormuz Crisis Continues, Saudi Aramco Q2 Profit +33%, Goldman Bullish on Brent Hormuz Strait tensions are pushing oil prices up, with Saudi Aramco Q2 profit up 33% YoY. Goldman expects Brent to remain in the $80-90 range until the Iran situation clarifies. Oman crude October official price set at $83.51/barrel.
4. A-Share Semiconductor Sector Rallies, STAR50 Up 6% A-shares opened lower but rallied, with the STAR50 index up over 6% in the afternoon. SMEE rose over 14%, and multiple semiconductor equipment ETFs approached limit-up. Total turnover exceeded 2 trillion yuan for the second consecutive day. ChiNext and Shenzhen Component both rose over 2%.
5. New York Copper Futures Near Record High on Tariff and Geopolitical Risks New York copper futures are near record highs, up over 17% YTD, driven by US tariff policy expectations and Hormuz Strait tensions.
π§ Assessment
Gold breaking above $4,150 with COMEX above $4,200 signals significant risk-off sentiment, with geopolitical risk premium continuing to flow into precious metals.
Semiconductor sector strength globally, Infineon’s revenue beat confirms AI chip demand chain remains in an uptrend.
Bessent’s comments on core inflation easing, combined with Paulson’s “moderately restrictive” language, may further strengthen market rate-cut expectations.
Hormuz Strait tensions remain unresolved; oil prices stable short-term but risk premium stays elevated, with Brent $80-90 likely a new center.
A-share liquidity is active with two consecutive days of 2 trillion+ turnover, semiconductors leading a strong tech rebound and risk appetite recovery.
β° Upcoming Key Data
β 14:45 France June Industrial Production MoM β‘ 15:50 France July Services PMI Final β’ 15:55 Germany July Services PMI Final β£ 16:00 Eurozone July Services PMI Final β€ 16:30 UK Services PMI Final (to be confirmed)