Gold Prices Rise Slightly but Head for Weekly Loss Amid Oil Surge and Inflation Fears 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
RBNZ Holds Rates at 2.25% as Middle East Conflict Fuels Inflation Concerns 
Australia Bans Card Payment Surcharges Starting October 2025 
Wall Street Hits Record High as Tech Stocks Surge Amid U.S.-Iran Developments 
U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Foreign Investors Drive Surge in Japanese Stocks Amid AI Rally and Improved Risk Sentiment 
Gold Prices Edge Higher on Weak Dollar but Face Weekly Loss Amid Oil-Driven Inflation Fears 
Oil Prices Rise as U.S.-Iran Tensions and Strait of Hormuz Disruptions Persist 
RBI Holds Interest Rates Steady Amid Middle East Tensions and Global Uncertainty 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Australia: Leading economic index down 0.1 percent in July, up 0.5 percent in the second quarter on a quarterly basis and up 1.9 percent from a year ago.
Upcoming:
- Italy: Second quarter flash GDP report will be published at 8:00 GMT.
- United Kingdom: ILO unemployment report will be published at 8:30 GMT.
- Eurozone: Second quarter flash GDP report will be published at 9:00 GMT.
- United States: Building permits and housing starts report will be published at 12:30 GMT. EIA will release weekly inventory report at 14:30 GMT. FOMC will release minutes at 18:00 GMT.
- New Zealand: Producer price inflation report will be released at 22:45 GMT.
- Japan: July trade balance report will be released at 23:50 GMT.
- Auction: Spain will auction 6-month and 12-month bonds today.
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