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Chinese dip-buying bolsters gold as prices find floor at $4,000
From Bloomberg News
via Financial Post / National Post, Toronto
Tuesday, August 4, 2026
Chinese institutional investors have swooped on gold in recent weeks, helping to arrest the precious metal's decline and keep prices above the key threshold of $4,000 an ounce.
Gold-backed exchange-traded funds in China saw 14 straight days of inflows up to Monday, the longest streak since March, according to calculations by Bloomberg. That points to a shift in sentiment in the world's biggest bullion market after war in the Middle East fueled a long stretch of outflows and price declines.
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"Interest from institutional investors has increased since gold fell to around the $4,000 level," said Steve Zhou, an analyst at Huaan Fund Management Co, which operates the country's biggest gold ETF. A selloff in China's equities markets has helped boost inflows, he said. ...
... For the remainder of the report:
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U.S. Treasury Undertakes Historic Intervention in Yen Market
By Kate Duguid, Claire Jones, Katie Martin, Ian Smith, and David Keohane
Financial Times, London
Friday, July 31, 2026
The U.S. Treasury intervened in yen exchange rates on Friday, marking the first time Tokyo and Washington joined forces to support the Japanese currency via outright purchases in nearly 30 years.
The Federal Reserve Bank of New York undertook the unusual move of conducting a sale of euros to buy yen on behalf of the Treasury, according to three people familiar with the matter.
The sales were conducted through Goldman Sachs and Morgan Stanley, according to two of those people.
The Treasury had earlier told several banks on Wall Street that it was considering an intervention to support the Japanese currency, which on July 23 hit its weakest level against the dollar since 1986.
U.S. authorities were in touch with European Central Bank officials about the move, according to people familiar with the matter.
The New York Fed and Goldman Sachs declined to comment. The Treasury Department and Morgan Stanley did not immediately respond to a request for comment. ...
Atsushi Mimura, Japan's vice-minister of finance for international affairs, said: "We understand that we are receiving support from the U.S. authorities that goes beyond mere moral support. We have been in constant contact with them." ...
... For the remainder of the report:
https://www.ft.com/content/0f9b2fe7-bde4-4f5f-b49e-93ccb5da9ea8?syn-25a6b1a6=1
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