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Gold prices rose slightly on Thursday, August 27th, as concerns about currency devaluation persisted and market attention turned to Federal Reserve Chairman Warsh's highly anticipated speech this week. Kelvin Wong, senior market analyst at OANDA, stated that the narrative of a depreciating dollar, coupled with concerns about the US budget deficit, continues to support gold in the medium term. The US Treasury's announcement of expanding its purchases of older, long-term bonds triggered dollar devaluation concerns, causing gold prices to rise by more than 5% last week. Wong added, "The market is waiting for Warsh's speech to gain a clearer understanding of how the Fed will respond to the current economic situation. If he doesn't provide specific forward-looking monetary policy guidance, then the market's current pricing in interest rate hikes is likely to remain largely unchanged." Geopolitically, the Qatari Prime Minister will visit Tehran to resume diplomatic mediation. The US and Iran have previously exchanged accusations, with the focus of the dispute being Washington's commitment to increase economic pressure on Tehran through sanctions against Iran's trading partners.

On August 27th, Qunhe Technology, one of the "Six Little Dragons of Hangzhou," officially released its independently developed 3D generative model, Lux3D, offering both standard and express versions. Users can quickly generate 3D assets in various forms, including meshes, materials, and 3D Gaussian textures, simply by uploading an image or entering text. Material rendering is reportedly a core highlight of this version. In express mode, a single model can be generated in as little as 20 seconds, and it supports integration into AI coding and 3D modeling tools via Harness mode, solving the challenge of batch 3D content generation.

The Governor of the Bank of Korea stated that the impact of consecutive interest rate hikes will be assessed before the next interest rate adjustment.

The governor of the Bank of Korea said the six-month dot plot shows a median interest rate of 3.25%, suggesting a gradual increase in interest rates.

The China Earthquake Networks Center officially reported that a magnitude 3.3 earthquake occurred at 10:34 a.m. on August 27 in Gao County, Yibin City, Sichuan Province (28.52 degrees north latitude, 104.67 degrees east longitude), with a focal depth of 8 kilometers.

The governor of the Bank of Korea said the impact of the recent interest rate hikes needs to be assessed.

The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.1 occurred near Gao County, Yibin City, Sichuan Province (28.53 degrees north latitude, 104.68 degrees east longitude) at 10:34 on August 27. The final result is subject to the official rapid report.

Ukrainian authorities say drone debris damaged a vessel near Izmail, Ukraine.

Ship tracking data shows that shipping activity in key Gulf waterways is weak, and the market is focused on the progress of related negotiations.

August 27th - Capital Economics economist Abhijit Surya stated that the strong rebound in Australian household spending in July may reinforce the Reserve Bank of Australia's (RBA) hawkish stance, but current data is not yet sufficient to prompt further interest rate hikes. However, he added that household spending is on track for its largest quarterly increase in four years, exceeding the RBA's recent forecasts.

On August 27th, Imperial College London issued a press release stating that a candidate vaccine designed to protect against rhinovirus infection has achieved encouraging preliminary results in a Phase 1 clinical trial. Healthy volunteers tolerated the vaccine well, and a single dose generated an immune response against three major types of rhinoviruses. This candidate vaccine, named APL-10456, was developed by Imperial College in collaboration with a biopharmaceutical company. The press release stated that the randomized, placebo-controlled Phase 1 clinical trial involved 144 healthy volunteers. The first phase of the trial evaluated three different single-dose regimens in adults aged 18 to 54, primarily examining the vaccine's safety, tolerability, and immune response. The second phase is currently evaluating a two-dose regimen in adults aged 55 and older, with more data expected to be released in the fourth quarter of this year.

August 27th - A mudslide occurred in Gyirong County, Shigatse City, Tibet on August 26th. As of now, the mudslide has resulted in 3 deaths and 558 people missing.

August 27th - Sources revealed that the Hong Kong IPO price for fast fashion platform Shein (00625.HK) may be set at approximately HK$48.56 per share, slightly higher than the median of the offering price range of HK$47.6 to HK$49.5. Based on the offering price of approximately HK$48.56 per share, Shein will raise HK$13.6 billion. It is understood that the offering price is still under discussion and may be subject to change.

August 27th - From 2 PM on August 27th to 2 PM on August 28th, heavy to torrential rain is expected in parts of eastern Qinghai, southwestern Gansu, central and northern Shaanxi, central and northern Shanxi, western Hebei, northern Shandong, eastern Zhejiang, northeastern Fujian, central and western Guangdong and its eastern coastal areas, Guangxi, southern Yunnan, southern Sichuan Basin, southeastern Tibet, southwestern Hainan Island, and southern Taiwan. Locally, extremely heavy rain (100-160 mm) is expected in northeastern Shaanxi, central Shanxi, northern Shandong, southeastern Zhejiang, southwestern Yunnan, central and southern Guangdong, and central and southern Guangxi. These areas may also experience short-duration heavy rainfall (maximum hourly rainfall of 20-50 mm, locally exceeding 80 mm), and some areas may experience thunderstorms and strong convective weather.

On August 27th, Bank of Japan Deputy Governor Ryozo Himino stated on Thursday that timely interest rate hikes would help prevent a sharp rise in inflation, thus preventing a forced, sudden rate increase in the future. Speaking to business leaders, Himino said, "If core inflation deviates from and exceeds our 2% target, it will have an adverse impact on the economy. Compared to the past, we should pay more attention to the upside risks to prices." He added, "Every monetary policy meeting should be conducted in depth from these perspectives."

On August 27th, the State Administration for Market Regulation announced that China's Enterprise Credit Index for July was 158.87, showing a temporary pullback from previous highs, but the resilience of enterprise credit remains evident. The overall credit foundation of enterprises nationwide remains solid. In July, the China Enterprise Credit Index decreased by 2.35 points compared to June, influenced by factors such as the increase in the number of newly added enterprises to the list of enterprises with abnormal operations, resulting in a significant decline in regulatory sub-indicators. Simultaneously, the credit repair process accelerated, with a corresponding increase in the number of enterprises removed from the list of enterprises with abnormal operations, continued improvement in regulatory activity, a decrease in the number of enterprise deregistrations compared to the previous month, and a stronger willingness of business entities to continue operating. The fundamental trend of improving enterprise credit remains unchanged. Industry-specific enterprise credit levels declined compared to the previous month. In July, the top five industries in terms of credit index ranking were finance, electricity, heat, gas and water production and supply, residential services, repair and other services, water conservancy, environment and public facilities management, and manufacturing. Industry credit indices generally stabilized this month. Amidst index fluctuations, the mining industry index rose against the trend, while the credit index rankings for agriculture, forestry, animal husbandry and fishery reached new highs this year.

Qantas executives said outbound demand from Australia to the United States is strong, while inbound demand is also performing well, and the market is recovering.

August 27th - According to US media reports on the 26th, US diesel inventories have fallen to their lowest level for this time of year in history. With increased demand for agricultural fuel and winter heating, diesel prices, already nearing record highs, may rise further. Data released by the US Energy Information Administration on the same day showed that as of the week ending August 21st, US distillate fuel oil inventories (whose main component is diesel) stood at 103.4 million barrels, a decrease of 2.2 million barrels from the previous week, and about 14% lower than the average for the same period over the past five years. Bloomberg, analyzing data dating back to the early 1980s, said that current inventories are at their lowest level for this time of year in history. Data released by the American Automobile Association showed that on August 26th, the average retail price of diesel across the US was $5.62 per gallon, higher than $3.70 a year ago, and approaching the record high of $5.82 per gallon set in June 2022.

Bank of Japan Deputy Governor Ryozo Himino: The Middle East conflict is unlikely to cause a significant downturn in the Japanese economy.