Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
The U.S. dollar traded within a narrow range Tuesday, stabilizing after Monday’s dip as investors eyed trade negotiations ahead of the August 1 tariff deadline. With limited progress reported, U.S. Treasury Secretary Scott Bessent emphasized that the administration prioritizes deal quality over timing. While an extension remains possible, President Donald Trump will decide based on the productivity of ongoing talks.
The Japanese yen, which rose 1% on Monday following Japan’s upper house election, held most of its gains. The election result—while a setback for Prime Minister Shigeru Ishiba’s ruling coalition—was already priced in, keeping the broader market response subdued. The yen traded slightly lower at 147.65 in early Asia.
Analysts warn that growing political uncertainty in Japan could hinder trade deal progress with the U.S. and weigh on the yen. MUFG’s Lee Hardman noted that initial relief post-election may be short-lived due to complications in bilateral negotiations.
Elsewhere, market attention remains on the Federal Reserve amid concerns about its independence, as Trump continues pressuring Fed Chair Jerome Powell over rate decisions. Despite this, Capital Economics expects steady U.S. data and tariff-driven inflation to keep rates unchanged through 2026, supporting dollar strength in coming months.
The euro slipped 0.12% to $1.1684 ahead of a European Central Bank rate decision, while the pound dipped 0.03% to $1.3488. The dollar index edged up to 97.94 after Monday’s 0.6% decline.
Commodity-linked currencies also weakened slightly, with the Australian dollar at $0.6522 and the New Zealand dollar at $0.5960. Overall, lingering uncertainty over global tariffs and central bank policy continues to keep forex markets rangebound.
