CITIC Securities says gold prices and gold stocks have been sharply oversold since the US–Iran conflict; gold equities now carry a wide margin of safety on PE and resource-based valuation metrics. It forecasts gold at USD 4,000–4,500/oz in Q3 2026; if market rate‑hike expectations are fully repriced, gold could return to USD 4,500–5,000/oz. The firm expects the gold sector to benefit from a simultaneous recovery in earnings and valuations and recommends broad allocation to the sector.

Iranian parliament speaker Ghalibaf said the United States is an unreliable negotiating partner, so we have set clear limits in negotiations and have consistently upheld them.

South Korea has launched a 24-hour KRW trading system, Finance Minister Koo Yun-cheol said Monday after visiting Hana Bank’s trading floor in central Seoul. Koo said the launch reflects confidence in Korea’s economic fundamentals, citing strong external resilience and a record current account surplus, and is a market-access reform responding to rising foreign investor demand — evidenced by Korea’s inclusion in the World Government Bond Index. He added that round-the-clock trading will allow domestic and foreign investors and trading firms to transact FX without time constraints and will be a starting point for the won’s next leap.