Hot spot tracking

  • The US ADP employment change for the week ending August 22 was 12,000, with the previous week's figure revised down from 11,750 to 10,000. This news is bearish for the US dollar and bullish for gold.
  • Apple released the foldable iPhone Duo priced at 15,999 yuan and the 18 Pro starting at 9,999 yuan, both equipped with the new A20 chip. A standard iPhone was not released. This news is positive for Apple.
  • The World Gold Council reported that global gold ETFs attracted $18 billion in inflows in August, marking the second-largest monthly inflow on record. This news is bullish for gold.

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