Canada's prime minister Carney said Canada is not an ally that shares prosperity but not hardship, and that it does not seek zero-sum relations.

瑞銀集團：我們對黃金價格在12個月內的前景持積極態度。

Catherine Brooks, head of institutional research, said the latest CPI supports a Bank of England hawkish pause, though a material inflation shock could emerge in September. No sign yet of inflation broadening across the economy, but input-price pressure is visible: materials costs +6.1% YoY and factory-gate prices +3.7% YoY, risks that could be passed to already-stretched consumers or compress corporate margins. Core inflation stability is positive, but the BoE has said energy prices now have greater influence on inflation expectations and an elevated energy price cap leaves upside inflation risk. Markets have cut near-term hike odds but still price roughly four hikes through end of next year. Unless the Iran war ends or Middle East supply constraints ease, Brooks warned the UK faces prolonged upward pressure on rates.