Gold stocks continue to strengthen, with several gold stock ETFs including Guotai (517400), Huaxia (518850), and ICBC (159315) rising by more than 6%. On the news front, gold has surpassed the $4,500 mark.

Jefferies raises Estée Lauder target price from $88 to $100.

Spot gold technical analysis: Minor five-wave cycle points to $4519 resistance level

Malaysia’s July trade surplus and exports both exceeded expectations, with exports up by 38%

Spot gold has just broken through the $4,500.00/oz level, now quoted at $4,500.08/oz, down 0.50% on the day; COMEX gold futures main contract is now quoted at $4,558.20/oz, up 0.28% on the day.