Housekeeping: Good Morning
Featured Analysis:
China Backs Hong Kong Bullion Hub With More Gold
China’s central bank is moving more gold from London to Hong Kong while building new inventories to support the city’s trial clearing system and global price-discovery ambitions. The shift strengthens Hong Kong’s physical bullion infrastructure, supports Beijing’s effort to attract foreign central bank reserves, and reduces reliance on London. Continued PBOC accumulation and Chinese institutional buying have also helped stabilize gold near $4,000, reinforcing China’s growing influence over global bullion trading, custody and settlement networks.
In Other News:
Data on Deck: CPI
MONDAY, AUG. 10 None scheduled
TUESDAY, AUG. 11
6:00 am NFIB optimism index July 97.2 97.4
10:00 am Existing home sales July 4.01 million 4.09 million
WEDNESDAY, AUG. 12
8:30 am Consumer price index July 0.1% -0.4%
8:30 am CPI year over year 3.4% 3.5%
8:30 am Core CPI July 0.3% 0.0%
8:30 am Core CPI year over year 2.5% 2.6%
2:00 pm Monthly U.S. federal budget July -- -$291B
THURSDAY, AUG. 13
8:30 am Initial jobless claims Aug. 8 203,000 199,000
8:30 am Producer price index July 0.2% -0.3%
8:30 am Core PPI July 0.3% 0.1%
8:30 am PPI year over year -- 5.5%
8:30 am Core PPI year over year -- 5.1%
FRIDAY, AUG. 14
8:30 am U.S. retail sales July 0.1% 0.2%
8:30 am Retail sales minus autos July 0.2% -0.2%
10:00 am Business inventories June 0.1% 0.3%
10:00 am Consumer sentiment (prelim) Aug. 54.5 54.2
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