Spot gold slipped below $4,570/oz, down roughly $60 from an earlier peak and off 0.89% on the day.

The Standing Committee of the 14th National People’s Congress approved a revised Agricultural Law on Aug. 28; the law takes effect Jan. 1, 2027. The statute sets policy goals to adapt the rural economic system to the socialist market economy, boost rural productive capacity, raise agricultural output quality and efficiency, and guarantee a stable, secure supply of grain and other key farm products. It also targets higher farmer incomes and living standards, multi‑channel rural employment, livable and productive rural communities, reduced urban‑rural and regional disparities, urban‑rural integration, and gradual modernization of agriculture and rural areas.

Reserve Bank of India: gold reserves USD 114.22 bln as of Aug. 21, unchanged week-on-week.