[MARKET ANALYSIS] Oil futures are rangebound amid a lack of significant geopolitical developments, while gold extends on post-NFP advances
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China fully allocates the CNY 200bln for equipment upgrades in 2026
Hong Kong is to launch gold clearing and settlement system from next week
[MARKET ANALYSIS] Oil futures are rangebound amid a lack of significant geopolitical developments, while gold extends on post-NFP advances
Vietnam Retail Sales YoY (Jun) Y/Y 13.9% (Prev. 11.8%)
US Treasury Secretary Bessent says in interview with CBS to expect to see real wage gains as soon as June, also comments he is hopeful gas prices drop to USD 3/gallon by Labor Day and notes that gas prices are a little stickier on the way down
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WTI/Brent: WTI Aug'26 +0.2% / Brent Sep'26 +0.3%
- Oil futures eked out mild gains in rangebound trade amid a lack of fresh, significant geopolitical headlines.
Gold: +1.4%
- Continued to edge higher and approached just shy of the USD 4,200/oz following recent dollar weakness and an unwinding of Fed rate hike bets due to the weaker-than-expected US jobs report.
Copper: +1.5%
- Prices were lifted overnight as risk sentiment gradually improved in the Asia-Pac region.
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