Spot gold rose 0.4% to $4,158.17 an ounce after weak US employment figures reduced the perceived probability of an October Federal Reserve rate hike. The price recovery was supported by safe-haven buying from Middle East tensions, record global ETF inflows, and a 20-tonne gold purchase by China's central bank in August.
An analysis published by ThinkChina outlines how Beijing is leveraging multilateral platforms to export its entire domestic artificial intelligence stack across the Global South. By promoting initiatives under the SCO, BRICS, and the new World AI Cooperation Organization, China aims to secure international scale, compute workloads, and revenue.
Employees at iron ore trader Radiant World in Singapore, China, and Europe reported that their September salaries were not paid on schedule, according to The Straits Times. Staff indicated that recent salaries had been disbursed from a company account in Dubai, with the delay occurring as court-appointed interim judicial managers KPMG assume oversight of operations. The disruption follows legal actions by multiple lenders alleging the company raised financing using falsified documents, claims the trader has previously denied.
Sovereign wealth funds and state allocators across the GCC are shifting toward strategic cross-border partnerships with Asia, demanding alignment with local economic roadmaps. Chinese institutional investors constitute roughly 40% of Investcorp's $750 million Golden Horizon fund, actively targeting mid-market and technology ventures across the GCC and Greater China.
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