Housekeeping: Good Morning
Featured Analysis:
China's Huge OTC Buying Scoops 48 Tonnes in May
Goldman Sachs estimates central banks bought 81 tonnes of gold in May, led by 48 tonnes of identifiable Chinese demand. The bank says official accumulation should provide a price floor during temporary Fed-related weakness, while reserve diversification, geopolitical fragmentation and low private allocations support its $4,900 end-2026 target.
In Other News:
Data on Deck:
MONDAY, JULY 20
10a U.S. leading economic indicators (June) (prev 0.1% → est 0.0%)
TUESDAY, JULY 21
No major US releases
WEDNESDAY, JULY 22
No major US releases
THURSDAY, JULY 23
8:30a Initial jobless claims (July 18) (prev 208,000 → est 212,000)
FRIDAY, JULY 24
9:45a S&P flash U.S. services PMI (July) (prev 51.2 → est 51.1)
9:45a S&P flash U.S. manufacturing PMI (July) (prev 53.9 → est 54.4)
10a New home sales (June) (prev 580,000 → est 600,000)
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