EUR/USD
1.16453
-0.053%
Gold
4578.56
-0.502%
Oil
82.449
-0.620%
USD/JPY
159.458
0.043%
GBP/USD
1.35887
-0.027%
GBP/JPY
216.671
0.017%
Real-time News
Gold mining stocks are surging, with August gains exceeding any months performance of chip stocks in recent years. The MSCI World Gold Mining Index has risen 43% this month, on track for its biggest monthly gain on record. The MSCI World Semiconductor Index and the Philadelphia Semiconductor Index both posted their best monthly performances this year in April, rising 27% and 38% respectively. This rally was swiftly triggered earlier this month after the U.S. Treasury unexpectedly announced plans to expand bond buybacks and lower borrowing costs. Tomasz Godziek, head of equities at Gain Capital, stated, "From an equity investment perspective, gold is one of our most overweight sectors." He is bullish on the investment logic of a depreciating dollar and also believes gold is a strategic asset that central banks can use to diversify their reserves. Meanwhile, rising global bond yields and increasing market skepticism about the returns on massive AI spending are putting pressure on technology stocks.On August 28th, Hu Jianbo, President of the National Data Development Research Institute, stated at the opening ceremony of the 2026 China International Big Data Industry Expo that intelligent agent applications are driving the accelerated development of word element services. By 2025, my countrys intelligent agent patent authorizations are expected to exceed 3,400, more than double the growth rate of the previous year, indicating a significantly faster pace of innovation.August 28th - Data released by the Ministry of Industry and Information Technology on the 28th shows that my countrys 5G network construction has progressed steadily this year. As of the end of July, the total number of mobile phone users of the three major telecom operators and China Broadcasting Network reached 1.847 billion, of which 1.303 billion were 5G mobile phone users, accounting for 70.5% of all mobile phone users. The data also shows that the construction of new infrastructure has been progressing smoothly in the first seven months. As of the end of July, the total number of 5G base stations reached 5.154 million, a net increase of 316,000 compared to the end of last year; the number of broadband internet access ports nationwide reached 1.27 billion, of which 1.23 billion were fiber optic access (FTTH/O) ports, a net increase of 19.35 million compared to the end of last year, accounting for 96.7% of all broadband internet access ports.On August 28th, the National Development and Reform Commission (NDRC) held a press conference. A spokesperson stated that, as of now, the national electricity load during this years peak summer season has reached four record highs, peaking at 1.557 billion kilowatts, an increase of approximately 50 million kilowatts compared to last years record. NDRC spokesperson Li Chao stated that the NDRC will closely monitor and dynamically track changes in the situation, promptly handle any emergencies, and ensure the successful completion of this years energy supply guarantee task for the peak summer season. Simultaneously, based on previous work, the NDRC will conduct in-depth analysis of this years energy supply and demand situation for the heating season, organize and carry out various preparations early, and solidly carry out all work related to energy supply guarantee for the peak winter season, making every effort to ensure that the people stay warm during the winter.On August 28th, local time, the second imaging satellite of the European Space Agencys (ESA) third-generation weather satellite system (MTG-I2) was launched from the Kourou Space Centre in French Guiana aboard an Ariane 6 rocket on the afternoon of the 27th. Approximately 36 minutes later, the satellite separated from the rockets upper stage, and ground control subsequently confirmed receipt of the satellites signal. According to the ESA website, this imaging satellite carries two instruments: a lightning imager and a flexible combined imager. The former continuously monitors lightning, adding a new operational capability to the European weather satellite system; the latter can depict rapidly evolving weather systems and can be used for timely weather warnings.
