Spot gold breached $4,620/oz, up 2.23% intraday.

Aug 21 — The NPC Standing Committee’s Legislative Affairs Commission said the draft amendment to China’s Enterprise Bankruptcy Law, due for a second review, aims to strengthen restructuring procedures and cross‑border insolvency rules. Key provisions: clarify a temporary‑protection mechanism to safeguard continuity of bankruptcy proceedings including reorganizations; broaden reorganization filing rights so creditors, debtors and other parties may file directly and may file before a bankruptcy declaration; require courts to hold hearings when reviewing reorganization petitions; and tighten disclosure duties, obliging debtors or administrators to provide timely, accurate and complete information to relevant parties.

France August INSEE business confidence index 98, in line with consensus 98; prior 97.