Daily Market Report
➢ Gold price hits a one-week low near $3,300, pressured by a modest uptick in USD.
➢ USD strength is capped as markets still expect the Fed to cut rates—over 70% odds for a
September cut, with two 25 bps cuts expected by year-end.
➢ Geopolitical tensions support Gold, including Israeli airstrikes on Houthi targets in Yemen
after repeated attacks by the Iran-backed group.
➢ Trump’s new economic policies increase fiscal concerns, with the “One Big Beautiful Bill”
expected to add $3.4 trillion to US debt in the next decade.
➢ Trump’s global tariff threats resurface, with warnings of 10% tariffs on countries aligning
with BRICS, creating further trade uncertainty.
➢ Risk sentiment remains fragile, as Trump’s unpredictable trade stance and growing global
tensions curb investor appetite for risk assets.
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