China's National Forestry and Grassland Administration said the APEC Forestry Ministers' Meeting will be held in Shenzhen on July 27-28, 2026, under the guidance of the Ministry of Natural Resources and co-hosted by Guangdong province and Shenzhen municipality.

Gold rose back above $4,100/oz after Wednesday’s sell-off, supported by a softer dollar and renewed Middle East tensions following another round of US‑Iran strikes. Rising energy prices could complicate the inflation outlook and bolster expectations the Fed will keep policy tighter for longer or hike further. June FOMC minutes showed an internal hawkish shift, pressuring precious metals. Capital Economics economist Thomas Ryan said: "The minutes reiterate that the door to a September rate hike remains wide open."

UBS said recent updates from Australian gold miners focused on FY2026 production and cash performance and were broadly ahead of its expectations. The bank said it has yet to see FY2027 guidance and, given high input prices, the Middle East conflict and persistent industry inflation, market cost expectations remain too low. UBS expects FY2027 industry all-in sustaining costs (AISC) to rise about A$150/oz and said cost inflation will be a key theme in upcoming annual guidance. UBS continues to favour Newmont and Capricorn Metals for high-quality, defensive exposure and stronger margins.