Spot gold jumped about $20 to test $4,040/oz, up 0.83% intraday. New York gold futures rose above $4,050/oz, up 0.28% on the day. The dollar index DXY briefly slipped roughly 0.10 point to 101.45.

Meta Platforms (META.O) is planning a cloud infrastructure business to sell access to AI compute and models, creating direct competition with AWS, Microsoft Azure and Google Cloud, people familiar with the matter said. Meta has been acquiring data centers and other infrastructure to support its AI development; a potential plan would sell usage rights to various AI models hosted on Meta’s infrastructure—similar to AWS’s Bedrock—while Meta would operate the supporting data centers and chips (including its in‑house Muse Spark model) and charge developers usage fees.

Jinli Permanent Magnet expects 1H net profit of 400–460 mln yuan, up 31.17–50.84% YoY. During the period, revenue from new energy vehicles and auto parts rose about 30% YoY; revenue from robots and industrial servo motors rose about 90% YoY, and rotor products for embodied robots have begun small-batch deliveries.