LME stocks — copper 212,125 t, down 2,425 t; aluminium 251,700 t, down 1,700 t; zinc 95,350 t, down 1,725 t; nickel 264,744 t, unchanged; lead 417,075 t, down 3,225 t; tin 5,590 t, down 50 t.

AWE2027 will run March 17–20, 2027 at the Shanghai New International Expo Centre, covering about 150,000 sq m with roughly 280,000 visitors expected. The fair’s AI+ theme will spotlight scaled AI applications. The upgraded AWEPlus Innovation Technology Zone will concentrate on embodied intelligence, AI‑native hardware, consumer digital/trend products, the low‑altitude economy, advanced displays and compute chips, with numerous new tech products scheduled to debut. A newly launched AWE Startup Zone will target young founding teams, incubated projects and high‑growth emerging tech firms and act as an interface connecting capital, industry, technology and application scenarios.

China International Capital Co says the two narratives that had pressured gold are unraveling: global liquidity is not in a sustained tightening cycle and de-dollarization remains active. US disinflation and slower growth support a move toward easier policy, while Fed rhetoric looks hawkish but policy actions are effectively dovish; Fed reform could open space for future rate cuts. Dollar balance-sheet reduction would help restore dollar credibility in principle but faces heavy market and political constraints, and structural erosion of dollar credit from high debt, deficits and policy uncertainty is hard to reverse. Global central bank net gold purchases rebounded to 289 tonnes in Q2, up 62% YoY and a Q2 record, signalling entrenched dollar concerns and continued reserve-diversification demand for gold. With looser global liquidity reducing upward pressure on real rates and the dollar, gold should regain support from both liquidity and reserve diversification. The firm judges the gold bull market is intact, the reallocation window after the recent correction is open, and recommends maintaining an overweight in gold.