Golden range-bound movement: behind the $4,000 (gold) level, Chinese institutional investors are buying gold heavily on dips, recording continuous 14 trading days of net inflows.

Meanwhile, in order to avoid next year’s U.S. refined copper tariffs—and to bet on long-term construction demand generated by AI—large amounts of copper are being shipped to the United States. Just this year, the amount of copper metal that arrived in the U.S. in July alone reaches as much as 200,000 tons.