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Geopolitical Risks Keep Gold Bullish as Iran-Oman Deal Stalls
Unresolved Iran-Oman Strait of Hormuz deal and Houthi threats to Saudi infrastructure support gold, with potential for sustained bullish momentum if Middle East tensions persist alongside a less hawkish Fed.
Weaker Jobs Data Drags Dollar Down, Gold Clings to $4,000 Support
Softer-than-expected US labor market figures weakened the dollar and eased fears of prolonged Fed tightening, keeping gold above the key $4,000 level as hedge funds boosted bullish bets to a six-month high.
Gold Holds Near $4,345 After Strongest Weekly Gain Since January
Bullion stabilized after surging over 7% last week, buoyed by a surprise drop in U.S. payrolls and reduced Fed rate-hike bets.
Netanyahu Agrees to Curb Gaza Attacks for Demilitarization Plan, Axios Reports
Israel's Prime Minister told Trump envoy Jared Kushner he would give a 15-point demilitarization plan a chance, leading to a halt in Gaza strikes and an IDF pullback.
Japan's Top Life Insurers Book Record $96 Billion in Unrealized Bond Losses
Unrealized losses on domestic bond holdings at Japan’s four largest life insurers hit a record $96 billion in Q2 2026, marking a seventh straight quarterly increase. The surge in paper losses comes as 30-year Japanese government bond yields topped 4% for the first time since 1999.
Asian gold demand surge hints at structural wealth shift
Asian banks are expanding gold-linked services, which The Banker calls a structural wealth shift. Rising demand may reflect changing investment patterns.
U.S. Central Command Enforces Iran Blockade, Redirects 55 Vessels
CENTCOM reports it has redirected 55 commercial vessels, disabled two and boarded two as part of the U.S. blockade against Iran, with over 20 warships deployed in the Middle East.
Westpac Sees Australia Housing Credit Growth Moderating to 4.7% by FY2027
Westpac projects housing credit growth to ease from 6.8% in FY2026 to 4.7% in FY2027, though housing undersupply and population growth may cushion the slowdown.
Westpac Reports Q3 Unaudited Net Profit of A$1.8 Billion
Westpac reported an unaudited net profit of A$1.8 billion for Q3, with a CET1 ratio of 12.1% and a net interest margin of 1.89%.
Egypt May Join Turkey-Pakistan-Saudi Defence Pact
Egypt could join the trilateral defence arrangement, expanding it into a wider regional security framework for the Gulf, Red Sea, Suez Canal, and Eastern Mediterranean.
Hedge Funds Rapidly Unwind Yen Shorts After Historic US-Japan Intervention
Leveraged funds slashed net short yen positions by over 74,000 contracts in five weeks, the sharpest reduction since 2008, as Japan and the US coordinated a massive currency intervention.
NVIDIA to Invest Up to $3 Billion in Blackstone-Backed Power Firm Lancium
NVIDIA will acquire a stake of up to 30% in Lancium, a power infrastructure firm supporting the Stargate project, with an initial $2 billion investment.
Iran President Met Supreme Leader Mojtaba Khamenei on Economic, Military Affairs
Iranian state media reported that the president recently met Supreme Leader Mojtaba Khamenei to discuss economic and military affairs. A Basij deputy told Mizan news agency that footage of Khamenei 'out in public and in meetings with commanders' will be released in the future.
Russia and Syria Sign Memorandum on Future of Military Bases
Russia and Syria have agreed on a memorandum of understanding that defines the future of Russian military facilities at Tartous and Hmeimim, following 18 months of talks.
Turkey’s Foreign Minister: Defence Pact with Pakistan, Saudi Arabia Mirrors NATO Article 5
The new trilateral defence agreement will include a collective defence clause comparable to NATO’s Article 5 and set up a ministerial committee and general secretariat.
Missile Targets Vessel in Strait of Hormuz, ADNOC Reports No Injuries
ADNOC said a vessel was targeted by a missile while transiting the Strait of Hormuz early Saturday. The situation is under control and no injuries were reported.
US Rejects China's Scarborough Reef Reserve as 'Destabilising'
The U.S. State Department has rejected China's attempt to enforce a nature reserve at Scarborough Reef, calling it a unilateral move that undermines regional stability.
Ukrainian Drone Strikes Hit Two Russian Oil Refineries, Sparking Fires
Ukraine claims responsibility for attacks on Ilsky and Syzran refineries, while explosions and fires are reported in Kyiv.
Syria’s Deal Reflects Balancing Act Between Russia and the U.S. After Assad’s Ouster
A new agreement underscores Syria’s effort to balance relations with Russia, the United States, and regional powers following the 2024 removal of Bashar al-Assad.
Syria to Take Control of Hmeimim Airport, Tartus Berth in Deal with Russia
Syria will take over civilian facilities including Hmeimim airport and a commercial berth at Tartus port under a new memorandum, with Damascus calling it the biggest step in 18 months of negotiations.
Russia and Syria to Convert Military Bases into Joint Training Centers
Syria and Russia have agreed to repurpose the Hmeimim Air Base and Tartus Naval Facility into joint training and qualification centers, signaling a shift in Moscow's military footprint along the Syrian Mediterranean coast.
Houthi Attacks on Yemen Port and Saudi Aramco Refinery Escalate Tensions
Houthi rebels struck Mokha port in Yemen, killing at least seven people and wounding 15, while claiming a drone attack on a Saudi Aramco refinery in Jazan. The Pentagon is calling for faster weapons production after the Iran conflict depleted U.S. interceptor stocks.
Israel Rejects Trump-Backed Gaza Proposal, Ceasefire Uncertain
Israel has rejected the 15-point Gaza roadmap backed by former President Trump, with PM Netanyahu insisting on Hamas disarmament before any withdrawal. Hamas says it remains committed and expects US and regional mediators to pressure Israel.
Trump Leans Toward Economic Pressure, Not Military Offensive, Against Iran
President Trump signals a preference for economic measures over a new military offensive against Iran, as tensions over Strait of Hormuz shipping persist.