Core Insights - Eurozone inflation rate for August is reported at 2.1%, up from 2.0% in July, indicating a return above the European Central Bank's medium-term target level [1] - Food and tobacco prices increased by 3.2%, service prices rose by 3.1%, while non-energy industrial goods prices saw a 0.8% increase, and energy prices decreased by 1.9% [1] - Core inflation, excluding energy, food, and tobacco, remained stable at 2.3% compared to July [1] Country-Specific Data - Inflation rates for major EU economies in August are as follows: Germany at 2.1%, France at 0.8%, Italy at 1.7%, and Spain at 2.7% [1] Economic Outlook - The chief economist of ING, Bert Colijn, highlights that global economic risks remain significant, and inflation volatility risks persist; however, current data suggests inflation will stay near the ECB's 2% target [1] - The European Central Bank announced on July 24 that it would maintain the three key interest rates for the Eurozone, marking the first pause in rate cuts since June of the previous year [1]

Core Insights - Eurozone inflation rate for August is reported at 2.1%, up from 2.0% in July, indicating a return above the European Central Bank's medium-term target level [1] - Core inflation, excluding energy, food, and tobacco, remains steady at 2.3% for August, unchanged from July [1] Inflation Details - Food and tobacco prices increased by 3.2% year-on-year in August - Service prices rose by 3.1% year-on-year - Non-energy industrial goods prices saw a rise of 0.8% - Energy prices decreased by 1.9% [1] Country-Specific Inflation Rates - Germany's inflation rate stands at 2.1% - France's inflation rate is at 0.8% - Italy's inflation rate is recorded at 1.7% - Spain's inflation rate is at 2.7% [1] Economic Outlook - Chief economist at ING, Bert Colijn, highlights that global economic risks remain significant, and inflation volatility risks persist - Current data suggests inflation will remain close to the European Central Bank's 2% target level [1] Central Bank Policy - The European Central Bank announced on July 24 to maintain the three key interest rates unchanged, marking the first pause in interest rate cuts since June of the previous year [1]

Group 1 - The euro against the US dollar has seen a slight decline, currently trading around 1.16, with a drop of 0.09% from the previous close of 1.1706 [1] - European Central Bank (ECB) Governing Council member Kazaks indicated that the ECB has entered a new phase of monetary policy, shifting focus from active economic intervention to continuous monitoring of economic dynamics [1] - Kazaks noted that the current inflation rate is close to the 2% target, and recent economic data does not show significant deviation from the June quarterly forecast, suggesting no need for further rate cuts at this time [1] Group 2 - From a technical perspective, the euro against the US dollar has shown limited progress, with the weekly chart indicating that buyers are looking for entry points on dips [2] - The 20-period Simple Moving Average (SMA) is currently at 1.1520, providing support for buying, despite losing upward momentum [2] - Momentum indicators have shown a shift but remain in positive territory, while the Relative Strength Index (RSI) hovers around 63, indicating no clear directional guidance [2]

Core Viewpoint - The GBP/USD is facing downward pressure, hovering around the 1.3470 area, amid a mild recovery in dollar buying interest, with the July PCE inflation data aligning with market expectations, opening the door for a potential Fed rate cut in September [1][5]. Technical Analysis - The Relative Strength Index (RSI) on the 4-hour chart is slightly below 50, indicating a weakening bullish momentum as GBP/USD falls below the 100-period Simple Moving Average (SMA), currently at 1.3490 [3]. - Key support levels are identified at 1.3460-1.3440 (50% Fibonacci retracement, 100-day and 200-day moving averages) and 1.3400-1.3390 (38.2% Fibonacci retracement) [3]. - Resistance levels are seen at 1.3490-1.3500 (100-day moving average, static level), 1.3540 (61.8% Fibonacci retracement), and 1.3600 (static level, round number) [3]. Economic Overview - The U.S. Bureau of Economic Analysis (BEA) revised the Q2 GDP annualized growth rate to 3.3%, lower than the initial estimate of 3% and market expectations of 3.1% [5]. - Initial jobless claims decreased from 234,000 to 229,000, slightly better than the market expectation of 230,000 [5]. - The upcoming PCE price index data for July is anticipated to show an overall annual inflation rate stabilizing at 2.6%, with core PCE expected to rise by 0.3% month-over-month [5].

Group 1 - The price of physical gold from Mingpai Jewelry remains unchanged at 1009 yuan per gram as of August 29, 2025, compared to the previous trading day [1] - The platinum price is not provided in the report, indicating a focus solely on gold pricing [1] Group 2 - Federal Reserve's Waller indicates that the underlying inflation rate is close to 2% when excluding temporary tariff impacts [2] - The policy interest rate is considered "moderately restrictive," expected to be 1.25 to 1.50 percentage points above the neutral rate [2] - There is no expectation for a significant rate cut in September unless the August employment report shows substantial economic weakness while inflation remains well-controlled [2] - Waller expresses a stronger inclination towards a 25 basis point rate cut in September and anticipates further cuts in the next 3-6 months [2] - There is a noted weakening in labor demand, which poses risks to the labor market [2]

Core Insights - Wholesale electricity prices in Ireland fell by 10% in July, marking a 74% decrease since the peak in August 2022 [1] - The inflation rate in Ireland has decreased faster than expected, primarily due to falling energy prices, with the overall inflation rate at 1.7% in July, below the European Central Bank's target of 2% [1] - Ireland ranks as the third highest in the EU for electricity, gas, and fuel prices, exceeding the average by over 17% [1] Energy Prices - The peak wholesale electricity price reached nearly €400 per megawatt-hour in August 2022, a 195% increase from August 2021, while the average price in 2020 was approximately €38 per megawatt-hour [1] - Approximately half of Ireland's energy demand relies on imported natural gas, contributing to high energy prices [1] Producer Prices - As of July 2025, domestic producer prices for manufactured goods increased by 1% year-on-year, while export producer prices decreased by 3.9% [1] - Food producer prices rose by 4%, with the food, beverage, and tobacco index increasing by 2.9% [1] - Grocery price inflation surged to nearly 5%, almost three times the overall inflation rate, putting pressure on households [1]

Core Viewpoint - The European Central Bank (ECB) has decided to pause interest rate cuts during its July monetary policy meeting, marking the first pause since the beginning of the current rate-cutting cycle in June 2024 [1] Monetary Policy Decisions - The ECB maintained the deposit facility rate at 2.00%, the main refinancing rate at 2.15%, and the marginal lending rate at 2.40%, aligning with market expectations [1] - The decision to keep rates unchanged is attributed to significant uncertainties in the international environment, influenced by geopolitical conflicts [1] Economic Outlook - The ECB emphasized the importance of waiting for more information and the resolution of uncertainties before making further adjustments to policy rates [1] - The ECB aims to ensure that inflation stabilizes at a medium-term target of 2% [1] - The ECB forecasts that the overall inflation rate in the Eurozone will fluctuate around current levels for the remainder of 2025, with a projected decline to approximately 1.5% by the first quarter of 2026 [1]

Core Viewpoint - The European Central Bank (ECB) is likely to maintain its current interest rate level, with discussions on potential rate cuts possibly resuming in the fall if signs of economic slowdown in Europe emerge [1] Group 1: Interest Rate Decisions - ECB President Christine Lagarde indicated that the bank is in an "ideal state" after keeping the benchmark interest rate at 2.00%, marking the end of a year-long rate-cutting cycle [1] - The ECB's latest economic forecasts suggest that inflation will dip below the 2.00% target next year before gradually recovering, which includes considerations for potential future rate cuts [1] Group 2: Economic Indicators - Recent data shows that the eurozone economy has proven more resilient than expected, with the inflation rate having fallen to the ECB's target of 2.00% [1] - The Purchasing Managers' Index indicates an acceleration in summer business activity, with new orders in August rising for the first time since May 2024, leading to increased investor optimism regarding the eurozone economic outlook [1] Group 3: External Factors - The 15% tariff imposed by the Trump administration on European goods aligns with ECB predictions, suggesting that external trade policies are influencing economic conditions [1] - Officials have warned that the recent uptick in orders may be a result of U.S. importers placing bulk orders to avoid tariffs, indicating a potential demand drop in the coming months [1]

Core Viewpoint - Australia's inflation rate in July exceeded expectations, rising to 2.8%, which is the highest annual increase since July 2024, prompting the Reserve Bank of Australia (RBA) to maintain its current interest rate policy in September [1]. Group 1: Inflation Data - The Consumer Price Index (CPI) in Australia increased by 2.8% year-on-year in July, significantly higher than June's 1.9% and above economists' expectations of 2.3% [1]. - The trimmed mean inflation measure favored by the RBA rose to 2.7%, up from 2.1% in the previous month [1]. - Housing prices surged by 3.6%, driven by soaring electricity prices, making it one of the largest contributors to annual price changes [2]. Group 2: Monetary Policy Implications - The RBA recently lowered the cash rate by 25 basis points to 3.6%, marking the third rate cut this year, with expectations for further cuts in the future [2]. - Market expectations indicate that the RBA will likely keep rates unchanged in September, with the next anticipated rate cut in November [1]. - The RBA's chair, Michele Bullock, emphasized the need for cautious policy adjustments, suggesting that monthly CPI data may not fully reflect the actual inflation situation [2]. Group 3: Economic Outlook - Moody's Australia economic head, Sunny Kim Nguyen, expressed a dovish stance, predicting that government energy subsidies starting this month may alleviate some price pressures [2]. - Nguyen noted that seasonal price increases related to travel typically diminish after the July school holidays [2][3].

Group 1 - The core viewpoint of the article indicates that gold prices are experiencing a downward trend, with the December 2025 gold futures price dropping by $6.5 to $3410.7 per ounce, reflecting a decline of 0.19% [1] - Following a significant increase last Friday, the gold market has returned to a summer-like trading pattern, as the market has largely absorbed comments made by Federal Reserve Chairman Jerome Powell at the annual economic symposium in Jackson Hole, Wyoming [1] - Powell hinted at a potential interest rate cut as early as the September policy meeting, while also acknowledging the challenges posed by inflation rates remaining above the 2% target and signs of weakness in the labor market [1] Group 2 - The U.S. dollar index rebounded, exerting additional pressure on gold prices, with the index rising by 0.73% to close at 98.430 [1] - Market analysts suggest that a sustained weakness in the dollar could continue to support gold prices, while concerns over potential government intervention and policy missteps may have a more significant impact on interest rates, the dollar, and gold [1] - Despite a reduction in global uncertainties and changes in trading flows, analysts believe that gold prices remain well-supported with limited downside risks [1] Group 3 - Technically, gold prices are currently struggling to break out of a consolidation phase, with the $3400 level acting as a significant resistance point [2] - Silver futures for September delivery also saw a decline, dropping by $0.34 to close at $39.050 per ounce, reflecting a decrease of 0.86% [2]