Institution: Core inflation causes market concerns, expectations for a 50BP rate cut next week are thwarted

Spot gold has just surpassed the $4,560.00/oz mark, now quoted at $4,560.23/oz, up 0.91% for the day; COMEX gold futures main contract is now quoted at $4,617.30/oz, up 1.00% for the day.

SK hynix (SKHY.US) reportedly plans to invest trillions of won to build a factory in Japan, potentially setting a precedent for Korean semiconductor investment in Japan

According to Kpler data, there are currently around 83 million barrels of Iranian crude oil anchored outside the Persian Gulf and the Gulf of Oman. Before the U.S. reinstated relevant restrictions in mid-July, this figure had exceeded 100 million barrels.

The tender documents show that SOMO, Iraq's state-owned oil marketing company, is offering straight-run high-sulfur fuel oil for delivery in early September, with buyers able to choose between loading in the Persian Gulf or outside the Gulf region.