BREAKING: China acquired +40 tonnes of gold in June via the London OTC market, marking their 2nd-largest monthly purchase since early 2025. This is 167% more than the official +15 tonnes reported by China's central bank for June. This also follows an estimated +48 tonnes acquired through the OTC market in May, +380% above the +10 tonnes officially reported by the central bank. Meanwhile, China’s central bank officially added another +20 tonnes of gold in July, its largest monthly purchase since October 2023. Year-to-date, China has officially increased its gold reserves by +60 tonnes, bringing total holdings to a record 2,366 tonnes. Therefore, China acquired an estimated +88 tonnes of gold through the OTC market in just May and June, more than the amount officially reported for the entire year so far. China is buying far more gold than their official data shows.

BREAKING: Trade talks between the US and Canada have collapsed and the US has imposed new 50% tariffs on billions of dollars of Canadian goods. Details include: 1. Canada's Prime Minister Carney vows to retaliate with "dollar for dollar" tariffs on the US 2. The tariffs will cover hundreds of items the US buys from Canada, such as plywood, liquor, electrical equipment and hockey gear, totaling ~$20 billion 3. US Trade Representative Greer said Canadian negotiators had "upset the balance" worked out over days of negotiations 4. The two sides had been discussing a deal that included lowering tariffs on Canadian steel and aluminum to 25% and autos to 15% The US-Canada trade war appears to be back.