Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
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 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Global markets tumbled Friday after weaker-than-expected U.S. jobs data heightened recession concerns and boosted expectations for a Federal Reserve rate cut in September. MSCI’s global equities index fell 1.32% to 917.39, its sharpest drop since mid-April, while the dollar and Treasury yields slid amid economic uncertainty and political turmoil.
The U.S. Labor Department reported only 73,000 nonfarm payroll additions in July, far below forecasts of 110,000. June’s figures were revised sharply down to 14,000 from 147,000. Following the report, President Donald Trump ordered the dismissal of Bureau of Labor Statistics Commissioner Erika McEntarfer, a Biden appointee, sparking investor concerns over data integrity. Anxiety deepened as Fed Governor Adriana Kugler announced her early resignation, further fueling volatility in currency and bond markets.
CME’s FedWatch tool showed traders pricing an 87.5% chance of a September rate cut, up from 37.7% the previous day. The dollar index fell 1.37% to 98.66, with the euro climbing to $1.1589 and the yen strengthening to 147.32. U.S. 10-year Treasury yields plunged 14 basis points to 4.22%.
Wall Street mirrored the global sell-off: the Dow Jones dropped 542 points, the S&P 500 fell 1.6%, and the Nasdaq lost 2.24%, its steepest decline since April. Amazon shares sank over 8% after disappointing cloud growth figures.
Adding pressure, Trump announced new tariffs up to 41% on imports from Canada, India, Taiwan, Thailand, and South Korea, with Mexico receiving a temporary reprieve.
Oil prices fell nearly 3% on demand fears and possible OPEC output increases, while gold surged 2% to $3,360 per ounce as investors sought safety amid mounting economic and geopolitical uncertainty.
