Bank of England Governor Bailey said the economy is slowing and the labour market is weakening.

SHFE main gold contract rose more than 2.00% intraday, trading at 894.96 yuan/gram.

Goldman Sachs global head of equity strategy Peter Oppenheimer said global equities are likely to extend Q2’s strong rally into H2, with technology companies’ earnings growth the main driver. He said that if earnings remain healthy and breadth widens, markets should continue to rise in H2, though gains may be smaller than in H1. Oppenheimer added that tech profit growth should persist, with investor focus shifting from data‑center and cloud operators to semiconductors and equipment makers supporting the AI boom.