New York gold futures fell 1.00% intraday to $4,026.20/oz.

Maoyan Pro data: China’s 2026 summer season (June 1–August 31) grossed over 3.5 bln yuan. Top three films were Kung Fu Women's Football, A Letter to Grandma and Toy Story 5.

HSBC raised its rating on Indian equities to Neutral, citing fading oil-price risks to corporate earnings and resilient domestic consumption, according to a Thursday report led by strategist Herald van der Linde. The bank, which downgraded India in April over Iran-related inflation risks, is among the first major global banks to lift its stance as those concerns have eased. HSBC raised its year-end BSE Sensex target to 84,000 from 80,500, implying about 8.8% upside to Wednesday’s close, and flagged the move as coinciding with global funds shifting from record selling earlier this year to net buying of Indian stocks.