πŸ“Š Market Snapshot

  • Spot Gold (XAUUSD): 4603.25, +1.86%
  • WTI Crude (USOIL): 86.30, +0.44%
  • Note: Markets are closed on Sunday; figures above are Friday’s close.

πŸ”₯ Key News This Hour

  • Chile’s foreign ministry announced it will close its embassy in Iran on Aug 31 but will not sever diplomatic ties, citing “precautionary” considerations over Middle East security.
  • Iran’s Foreign Minister Araghchi spoke by phone with Pakistan’s Army Chief General Asim Munir, discussing the latest regional situation and peace and stability in West Asia.
  • NIO CEO William Li: China’s auto industry is entering “four new stages,” with fierce competition in NEVs this year.
  • Anhui Province issued measures on financial support for cultural tourism, backing cultural-tourism firms in using ABS, REITs, and other tools to activate existing assets.

🧭 Assessment

Middle East geopolitical risks continue to build, with safe-haven logic still underpinning gold and oil.

Gold has cleared the $4,600 level, up nearly 2% on Friday, as safe-haven money keeps flowing in.

WTI crude is holding above $86, and the geopolitical premium has yet to fade.

This hour’s China-related news is dominated by policy and industry commentary, with limited direct spillover to US equities, but the Middle East situation remains the key variable this week.

⏰ Upcoming Key Data

The Jin10 economic calendar currently only returns data from the week of Aug 17, with no confirmed releases scheduled for the coming days.

Global markets are closed over the weekend; watch next week’s Fed official speeches and the US macro data calendar.