Fed's Goolsbee said the PCE report was not entirely negative.

Spot silver fell more than 3.00% intraday to $56.10/oz.

Hongchuan Smart’s unit Hongchuan Zhisuan has delivered a batch of enterprise-grade DDR5 memory modules to a leading Chinese GPU design firm for server validation of its AI compute chips and build-out of compute centers. The shipment is among the first major orders since Hongchuan Zhisuan received official distributor authorization from Changxing Semiconductor in May 2026, marking a substantive step in supply-chain coordination between China’s high-end memory makers and domestic GPU chip designers.