Shanghai Gold Exchange (SGE) gold T+D closed down 0.46% at 999.8 yuan/gram on Aug. 26; SGE silver T+D closed up 0.54% at 16,720 yuan/kg.

Iranian military spokesperson Mohammad Akraminia said Tehran has upgraded its military capabilities and accelerated reconstruction of infrastructure damaged in the war. To deter possible further US strikes, Iran plans to shift its posture from defense to offense. He said Iran carried out several 'preemptive actions' in the war's final phase and that an attack on a US military base in Jordan helped deter further US attacks. Akraminia said the government will offer cash rewards to anyone who captures US soldiers entering Iranian territory. He added Iran has made significant progress rebuilding wartime-damaged infrastructure and has acquired new military equipment. On the Strait of Hormuz, he said vessels will be monitored before arrival and will be allowed to pass only with Iranian permission.

BANK OF JAPAN said Governor UEDA will miss this week's Jackson Hole symposium.