Housekeeping: Good Morning
Featured Analysis:
Hong Kong and Laos Sign Gold Corridor Agreement
Hong Kong and Laos have signed a gold-market cooperation agreement giving qualified Lao owners access to Hong Kong’s accredited refiners, clearing system and financial infrastructure. The framework extends Hong Kong’s expanding bullion network into Southeast Asia while supporting international-standard bars, tokenization, regulatory cooperation, financing and regional gold-market integration.
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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Comment on HK/ LAOS
The importance of this Laos/ HK agreement lies in the connection between physical gold and financial infrastructure.
