Group 1 - The core viewpoint of the article is the announcement of the closure management of the Potala Palace Square in Lhasa, Tibet, due to the 60th anniversary celebration of the Tibet Autonomous Region, starting from August 17, 2025, at 16:00 until the end of the celebration [1] Group 2 - The closure is expected to cause inconvenience to citizens and tourists, and the management requests understanding and support from the public [1]

Market Overview - Gold prices experienced a significant drop of 1.6%, reaching a low of $3341.25, the lowest in over a week, before closing at $3342.20. Currently, gold is slightly up around $3351 [1] - U.S. stock indices saw minor declines, with the Dow Jones down 0.45%, Nasdaq down 0.3%, and S&P 500 down 0.25% [2] U.S.-China Trade Relations - The U.S. and China reached a consensus to continue the suspension of 24% tariffs for 90 days, effective August 12. This includes tariffs on goods from Hong Kong and Macau [3] - Former President Trump commented on the sale of advanced chips, indicating ongoing discussions in the tech sector [4] Monetary Policy Developments - The Reserve Bank of Australia (RBA) cut the benchmark interest rate by 25 basis points to 3.6%, marking the third cut this year and the lowest rate since April 2023. This is part of a broader trend as global central banks respond to inflation and economic growth challenges due to U.S. tariffs [5] - San Francisco Fed President Daly indicated that evidence of a weakening job market suggests that the timing for interest rate cuts is approaching, with a focus on potential cuts in September and December [6][7] - According to CME FedWatch, there is a 94.4% probability of a 25 basis point rate cut in September [8] Inflation and Economic Indicators - The upcoming U.S. July CPI data is anticipated to be a critical indicator for market expectations regarding interest rate cuts. Predictions suggest a 0.2% month-over-month increase and a 2.8% year-over-year increase in CPI [10][12] - The market is bracing for potential surprises from the CPI data, which could significantly impact financial markets [12] Investor Sentiment - A record 91% of fund managers believe that U.S. stocks are overvalued, the highest level since 2001, indicating a bearish sentiment among investors [13] - Hedge funds sold $1 billion in U.S. stocks last week, while institutional investors bought $4 billion, suggesting mixed market dynamics [14] International Relations - President Trump announced a "tentative" meeting with President Putin, indicating potential discussions on the Ukraine conflict and other geopolitical issues [16]