Spot gold just broke through the $4,350.00/ounce mark, last trading at $4,349.97/ounce, down 1.51% on the day; COMEX gold futures main contract last traded at $4,404.50/ounce, down 1.55% on the day.

Walsh shakes the market with his debut at Jackson Hole, September rate hike probability soars to 60% overnight

Economists expect the U.S. Bureau of Labor Statistics’ monthly employment report, to be released on Friday, will show an increase of 55,000 nonfarm payroll jobs in August, following a surprise decline in July. If so, this result would roughly align with the average monthly increase so far this year. The unemployment rate is expected to remain at 4.1%. Analyst Anna Wong noted that Waller’s hawkish speech at Jackson Hole has raised the likelihood of a rate hike in September and changed market exp

The governor of the Bank of Korea states that the Korean won has sufficient resilience and emphasizes that monetary policy can act independently from the Federal Reserve.

SK Hynix CEO Kwak Noh-jung stated that the global memory chip shortage is expected to continue until the end of 2030, and the risk of oversupply is very low because, in the AI era, memory chips are no longer “purely standardized commodities.” Despite market concerns about an AI investment bubble, he said he “does not see” signs of oversupply risk or a potential memory downturn cycle, as demand from AI clients remains strong. If “we pass the AI peak, or if there is another downturn cycle in the