investingLive Asia-Pacific Financial Market news: Oil and gold stay near highs

<ul><li><a href="https://investinglive.com/news/singapore-doubles-2026-growth-outlook-to-4-5-5-5-on-tech-cycle-upgrade" rel="follow">Singapore doubles 2026 growth outlook to 4.5-5.5% on tech cycle upgrade</a></li><li><a href="https://investinglive.com/central-banks/rupee-set-to-open-weaker-as-oil-pressure-builds-rbi-support-in-focus" rel="follow">Rupee set to open weaker as oil pressure builds, RBI support in focus</a></li><li><a href="https://investinglive.com/central-banks/sources-boj-could-raise-rates-again-at-september-17-18-meeting" rel="follow">Sources: BoJ could raise rates again at September 17-18 meeting</a></li><li><a href="https://investinglive.com/stock-market-update/south-korea-kospi-rises-for-second-day-as-samsung-electronics-jumps-circa-3-6" rel="follow">South Korea: Kospi rises for second day as Samsung Electronics jumps circa 3.6%</a></li><li><a href="https://investinglive.com/news/australian-business-conditions-edge-higher-in-july-but-confidence-stays-fragile" rel="follow">Australian business conditions edge higher in July but confidence stays fragile</a></li><li><a href="https://investinglive.com/news/nz-pm-luxon-calls-urgent-caucus-meeting-to-address-leadership-speculation" rel="follow">NZ PM Luxon calls urgent caucus meeting to address leadership speculation</a></li><li><a href="https://investinglive.com/central-banks/pboc-sets-seven-day-reverse-repo-volume-at-zero-on-tuesday-citing-primary-dealer-demand" rel="follow">PBOC sets seven-day reverse repo volume at ZERO on Tuesday, citing primary dealer demand</a></li><li><a href="https://investinglive.com/commodities/gold-hits-two-month-high-as-markets-await-us-inflation-data-this-week" rel="follow">Gold hits two-month high as markets await US inflation data this week</a></li><li><a href="https://investinglive.com/news/uk-data-barclaycard-spending-rises-2-0-in-july-as-consumer-confidence-hits-21-month-high" rel="follow">UK data: Barclaycard spending rises 2.0% in July as consumer confidence hits 21-month high</a></li><li><a href="https://investinglive.com/central-banks/pboc-sets-usd-cny-central-rate-at-6-7-vs-estimate-at-6-7497" rel="follow">PBOC sets USD/ CNY central rate at 6.7900 (vs. estimate at 6.7497)</a></li><li><a href="https://investinglive.com/central-banks/yen-strength-still-hinges-on-boj-hike-not-capital-repatriation-or-intervention-goldman-says" rel="follow">Yen strength still hinges on BOJ hike, not capital repatriation (or intervention!), Goldman says</a></li><li><a href="https://investinglive.com/stocks/intel-plans-to-sell-15-billion-worth-of-stock-after-it-has-risen-400-in-a-year" rel="follow">Intel plans to sell $15 billion worth of stock after it has risen 400% in a year</a></li><li><a href="https://investinglive.com/forex/yen-support-looks-fragile-tokyo-opts-for-passive-strategy-missed-chance-to-press-intervention-advantage" rel="follow">Yen support looks fragile; Tokyo opts for passive strategy, missed chance to press intervention advantage</a></li><li><a href="https://investinglive.com/central-banks/rba-set-to-hold-rates-today-but-markets-will-be-watching-the-fine-print" rel="follow">RBA set to hold rates today, but markets will be watching the fine print</a></li><li><a href="https://investinglive.com/central-banks/preview-rba-to-stay-in-pause-and-observe-mode-td-securities-says-ahead-of-today-s-decision" rel="follow">Preview: RBA to stay in pause and observe mode, TD Securities says ahead of today's decision</a></li><li><a href="https://investinglive.com/central-banks/icymi-cleveland-fed-s-hammack-says-fed-should-already-be-raising-rates-more-than-one-hike-needed" rel="follow">ICYMI - Cleveland Fed's Hammack says Fed should already be raising rates, more than one hike needed</a></li><li><a href="https://investinglive.com/commodities/unconfirmed-incoming-report-of-further-cruise-missile-launches-from-sirik-iran" rel="follow">UNCONFIRMED - Incoming report of further cruise missile launches from Sirik, Iran</a></li><li><a href="https://investinglive.com/forex/mufg-opens-long-audjpy-at-111-20-targets-114-50-as-yen-intervention-debate-builds" rel="follow">MUFG opens long AUDJPY at 111.20, targets 114.50 as yen intervention debate builds</a></li><li><a href="https://investinglive.com/commodities/what-d-i-miss-trump-counters-iran-reparations-demand-pushing-hormuz-deal-further-out-of-reach" rel="follow">What'd I miss? Trump counters Iran reparations demand, pushing Hormuz deal further out of reach.</a></li></ul><p class="font-claude-response-body break-words whitespace-normal" dir="ltr">Summary:</p><ul class="[li_&]:mb-0 [li_&]:mt-1 [li_&]:gap-1 [&:not(:last-child)_ul]:pb-1 [&:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3 print:block print:space-y-1" dir="ltr"><li class="font-claude-response-body whitespace-normal break-words pl-2">Oil stays supported as Hormuz deal hopes dim further on tit-for-tat reparations demands from Iran and Trump</li><li class="font-claude-response-body whitespace-normal break-words pl-2">Libya's NOC declares force majeure at Zawiya refinery after armed clashes and storage tank fires, threatening El Sharara output</li><li class="font-claude-response-body whitespace-normal break-words pl-2">Russia's Komsomolsk refinery in Khabarovsk Krai attacked, over 6,500km from Ukraine</li><li class="font-claude-response-body whitespace-normal break-words pl-2">FX subdued; AUD in focus ahead of RBA decision (2:30pm Sydney), hawkish hold expected</li><li class="font-claude-response-body whitespace-normal break-words pl-2">Kospi up circa 0.6% for a second day on Samsung strength; won stronger, foreigners net buyers</li><li class="font-claude-response-body whitespace-normal break-words pl-2">Japan closed for holiday; media reports firm September 18 BoJ hike expectations, yen little moved regardless</li><li class="font-claude-response-body whitespace-normal break-words pl-2">Singapore Q2 GDP beats at 5.9% y/y, 2026 growth forecast raised to 4.5-5.5% on AI boom; MAS says policy stance remains appropriate</li></ul><p class="font-claude-response-body break-words whitespace-normal" dir="ltr">Oil remained supported in the absence of a Strait of Hormuz deal and with efforts to reopen the waterway dampened by tit-for-tat demands by Iran and US President Trump for reparations.</p><p class="font-claude-response-body break-words whitespace-normal" dir="ltr">Further, Libya's NOC declares force majeure at Zawiya refinery after clashes. Libya's state-owned National Oil Corporation (NOC) declared force majeure at its 120,000 b/d Zawiya refinery following clashes between armed groups. The refinery experienced fires after storage tanks were hit, multiple times, threatening production at the El Sharara oil field.</p><p class="font-claude-response-body break-words whitespace-normal" dir="ltr">Russia's Komsomolsk Oil Refinery in Khabarovsk Krai came under attack. This is 6,500+ kms from Ukraine.</p><p class="font-claude-response-body break-words whitespace-normal" dir="ltr">FX traded in subdued ranges. AUD traders are awaiting the RBA at 2:30pm Sydney time / 0430 GMT / 0030 US Eastern time, with Reserve Bank of Australia Governor Bullock's press conference following an hour later. A hawkish hold is expected.</p><ul><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;"><a class="article-link article-link article-link article-link" href="https://investinglive.com/central-banks/heads-up-rba-preview-analysts-see-cash-rate-on-hold-at-4-35-tuesday/" rel="follow" style="vertical-align: baseline; border: 0; margin: 0; padding: 0; color: rgba(140, 77, 223, 1); cursor: pointer; text-decoration: underline;" target="_self">RBA preview: Analysts see cash rate on hold at 4.35% Tuesday</a></li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;"><a class="article-link article-link article-link article-link" href="https://investinglive.com/central-banks/rba-preview-westpac-says-soft-q2-cpi-gives-rba-room-to-hold-at-4-35/" rel="follow" style="vertical-align: baseline; border: 0; margin: 0; padding: 0; color: rgba(140, 77, 223, 1); cursor: pointer; text-decoration: none;" target="_self">RBA preview - Westpac says soft Q2 CPI gives RBA room to hold at 4.35%</a></li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;"><p style="vertical-align: baseline; border: 0; margin: 0; padding: 0; color: rgba(0, 0, 0, 1);"><a class="article-link article-link article-link article-link article-link" href="https://investinglive.com/central-banks/preview-rba-meet-tuesday-cba-expects-rba-to-hold-rates-through-the-rest-of-2026/" rel="follow" style="vertical-align: baseline; border: 0; margin: 0; padding: 0; color: rgba(140, 77, 223, 1); cursor: pointer; text-decoration: none;" target="_self">Preview: RBA meet Tuesday. CBA expects RBA to hold rates through the rest of 2026</a></p></li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;"><a class="article-link article-link article-link" href="https://investinglive.com/forex/mufg-opens-long-audjpy-at-111-20-targets-114-50-as-yen-intervention-debate-builds/" rel="follow" style="vertical-align: baseline; border: 0; margin: 0; padding: 0; color: rgba(140, 77, 223, 1); cursor: pointer; text-decoration: none;" target="_self">MUFG opens long AUDJPY at 111.20, targets 114.50 as yen intervention debate builds</a></li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;"><a class="article-link article-link" href="https://investinglive.com/central-banks/preview-rba-to-stay-in-pause-and-observe-mode-td-securities-says-ahead-of-today-s-decision/" rel="follow" style="vertical-align: baseline; border: 0; margin: 0; padding: 0; color: rgba(140, 77, 223, 1); cursor: pointer; text-decoration: none;" target="_self">Preview: RBA to stay in pause and observe mode, TD Securities says ahead of today's decision</a></li></ul><ul><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;"><a class="article-link" href="https://investinglive.com/central-banks/rba-set-to-hold-rates-today-but-markets-will-be-watching-the-fine-print/" rel="follow" style="vertical-align: baseline; border: 0; margin: 0; padding: 0; color: rgba(140, 77, 223, 1); cursor: pointer; text-decoration: none;" target="_self">RBA set to hold rates today, but markets will be watching the fine print</a></li></ul><p class="font-claude-response-body break-words whitespace-normal" dir="ltr">South Korea's Kospi rose for a second straight day, up around 0.6%, as Samsung Electronics jumped circa 3.6% while SK Hynix and LG Energy Solution slipped. Foreigners were net buyers and the won strengthened, even as broader sentiment stayed cautious on the Middle East conflict.</p><p class="font-claude-response-body break-words whitespace-normal" dir="ltr">Japanese markets were closed for a holiday. Reports from Japanese media, citing unnamed sources, firmed expectations for a Bank of Japan September (18th) interest rate hike. The yen fell regardless, though only in a small range.</p><p class="font-claude-response-body break-words whitespace-normal" dir="ltr">Singapore's economy grew 5.9% year on year in Q2, beating forecasts, as the government raised its 2026 growth outlook to 4.5-5.5% from 2.0-4.0%, citing a stronger than expected AI investment boom offsetting a less severe than feared Middle East war impact. An official from Singapore's central bank, the Monetary Authority of Singapore, said the country's monetary policy stance remains appropriate.</p><p class="font-claude-response-body break-words whitespace-normal" dir="ltr"></p><ul></ul>

This article was written by Eamonn Sheridan at investinglive.com.

This article was sourced from Forexlive. WealthWire aggregates financial news for informational purposes only. This does not constitute investment advice.