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Austria's federal agency for geology, geophysics, climatology and meteorology said on the 17th the past 12 months were the driest since official meteorological records began in 1850. Precipitation deficits together with sustained high temperatures ha

2026-08-17

Austria's federal agency for geology, geophysics, climatology and meteorology said on the 17th the past 12 months were the driest since official meteorological records began in 1850. Precipitation deficits together with sustained high temperatures have intensified the drought. From Feb. 23 to Aug. 9 this year eastern Austria averaged 210.9 mm of precipitation versus a long-term average of 405 mm for the period, the lowest level for that span since at least 1961.

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2026-08-17

Iran Foreign Ministry spokesman Baghaei said existing law covers Iran’s sovereign rights in the Persian Gulf, the Strait of Hormuz and the Gulf of Oman, and the ministry will work with parliament to advance legislation related to those rights. He sai

Iran Foreign Ministry spokesman Baghaei said existing law covers Iran’s sovereign rights in the Persian Gulf, the Strait of Hormuz and the Gulf of Oman, and the ministry will work with parliament to advance legislation related to those rights. He said the ministry will take current law and facts into account, is obliged to cooperate with parliament on all legislative matters, and has already provided — and will provide if requested — expert comments on related bills.
2026-08-17

The biggest uncertainty for gold remains Fed monetary policy. The current rally is predicated on a weaker US economy and the end of the rate-hiking cycle, but inf remains uncertain. If inf rebounds above expectations, the Fed would likely sustain hig

The biggest uncertainty for gold remains Fed monetary policy. The current rally is predicated on a weaker US economy and the end of the rate-hiking cycle, but inf remains uncertain. If inf rebounds above expectations, the Fed would likely sustain higher rates, US Treasury yields would rise and the case for gold could reverse, risking a rapid pullback. Near-term rapid gains have created significant profit-taking and technical overbought risk, raising the chance of a correction. Speculative offshore flows are trading policy moves quickly, amplifying short-term volatility, while central banks continue to buy dips as a long-term strategy. The clash between fast speculative flows and steady central-bank demand makes a sustained one-way move unlikely; expect high-level choppy trading with a gradually higher base. Retail investors should not blindly chase highs and should size exposure to risk tolerance with a long-term allocation perspective.
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