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Jul 31, 2025
Gold rises on weaker dollar and trade worries
Stock markets at the intersection of political tension and tech gains
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Key Developments: Gold: Rise to $3,312.03 per ounce, supported by a weaker dollar and safe-haven flows after Trump's announcement of new tariffs. Global Stocks: Markets mixed, with the Nasdaq up nearly 1.3% after strong results from Microsoft and Meta, while Asian markets declined, pressured by weak economic data from China and a decline in the PMI. Dollar: Holds near two-month highs, with demand for dollar-linked assets faltering amid muted signals from central banks such as the Bank of Japan. Commodities: Copper prices fell nearly 19.4% after Trump announced tariffs on copper products, heightening supply chain concerns. |
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Future Outlook:
- Markets may continue to fluctuate between optimism about technology sector earnings and deferred political risks, especially ahead of the release of US inflation data and weak Chinese data.
- Gold may continue its corrective rally if trade tensions persist, especially with the weak dollar, while oil is more dependent on the political and geopolitical trade environment.
- Markets are awaiting the Bank of Japan's decisions and the scenarios they will create to pressure the dollar and global markets.