Market Update

President Donald Trump announced a forthcoming letter to the EU within two days outlining tariff details and confirmed a 10% tariff on BRICS nations to uphold U.S. economic standards, emphasizing the rate as “low and fair.” The EU, locked in urgent trade talks with the U.S., is pursuing a deal …

As of July 8, 2025, at 19:13 GMT+3, the spot gold price stands at $3,297.175 per ounce, down 1.18% daily, reflecting a short-term correction from a previous close of $3,336.44. Over longer periods, gold has shown significant strength, with a 23.84% increase over six months, 25.60% year-to-date, and 37.98% over …

The British Pound is losing ground against the US Dollar, with GBP/USD dipping below the 20-day simple moving average at 1.3596. A mix of UK fiscal anxieties and a cautious Federal Reserve stance is dampening demand for Sterling. As markets grapple with looming trade tariffs and economic uncertainties, the Pound …

Oil prices retreated on Tuesday after rising nearly 2% in the previous session, as investors assessed the latest developments surrounding U.S. tariffs and the higher-than-expected increase in OPEC+ output for August. Tariff Concerns Weigh on Market Sentiment By 1043 GMT, Brent crude futures were down 12 cents, or approximately 0.2%, …

Bitcoin experienced a slight decline on Tuesday, dropping 0.5% to $108,224.20, as new U.S. tariffs announced by President Donald Trump dampened investor risk appetite. The cryptocurrency has remained range-bound in recent sessions, with traders reluctant to make large bets amid growing uncertainty about the global economic landscape. Trump’s Tariff Announcement …

European stocks experienced modest gains on Tuesday as investors assessed the latest news on U.S. trade tariffs and awaited further developments on potential trade agreements. At 03:05 ET (07:05 GMT), the DAX index in Germany was up by 0.3%, the CAC 40 in France climbed by 0.1%, and the FTSE …

Gold prices held steady in Asian trade on Tuesday after U.S. President Donald Trump’s latest tariff threats spurred some safe-haven demand. However, a recovery in the dollar limited further gains in metal markets, as traders remained cautious amid trade uncertainty. Trump’s Tariff Threats and Postponement of Deadline Gold prices rose …

The Pound Sterling hovers near 1.3638 on July 7, 2025, caught between US-Iran tensions, US President Donald Trump’s tariff threats, and diverging Fed-BoE policies. As markets brace for trade disruptions and UK tax hikes, this analysis unpacks the forces holding GBP/USD steady and what’s next.Dollar Gains Amid Tariff and Geopolitical …

US President Donald Trump’s tariff announcements on July 7, 2025, targeting imports from Japan and South Korea at 25% effective August 1, have pushed US Treasury yields higher, signaling inflation fears that ripple through oil markets. This analysis explores the oil market’s response and broader asset implications.Yields Surge on Tariff-Driven …

On Monday, oil prices defied expectations, climbing despite OPEC+’s surprise production hike, fueled by US-Iran tensions and tariff threats. As supply dynamics shift, this analysis dives into oil’s resilience, its market ripple effects, and the path ahead.Oil Defies OPEC+ Supply SurgeOPEC+’s decision to add 548,000 barrels per day starting August …