Shanghai Gold Exchange Gold T+D rose 0.9% in early trade on Wednesday, July 15, to 885.2 yuan/gram; Silver T+D gained 2.31% to 14,386 yuan/kg.

Federal Reserve Chair Kevin Warsh said the Fed's dual mandate is not in conflict.

China's peak electricity load reached 1.551 billion kilowatts (1,551 GW) on July 14, up from 1.518 billion kW on July 10, the National Energy Administration said. The National Development and Reform Commission and the NEA said the national unified power market supported increased cross‑province/region/grid transfers, with maximum transfers totaling 263 GW on July 10 and 278 GW on July 14. Authorities said nationwide power supply-demand conditions are overall stable.