Gold prices rise amid US rate hopes and TSMC reports record revenue

Gold prices have seen significant movement, reaching multi-month highs driven by expectations of US interest rate cuts and shifting demand patterns. While weak US labor market data has bolstered hopes for rate reductions, investors are closely monitoring upcoming US inflation data to determine the metal's trajectory. Geopolitical tensions involving Iran and the Strait of Hormuz also influence market sentiment as a safe-haven asset.

In Asia, demand structures are shifting. Data from the World Gold Council indicates that in China and India, consumer demand for jewelry has declined, while demand for investment gold, such as bars and coins, has surged significantly.

In the technology sector, TSMC reported record revenue for July 2026, reaching approximately 467.58 billion Taiwan dollars. This growth, which includes a 44.7 percent increase compared to the previous year, serves as a key indicator for the semiconductor industry and the ongoing debate regarding a potential artificial intelligence market bubble.