Trade policy remained fluid throughout the week. Trump reduced Indonesian tariffs to 19% from 32% and signaled progress with Vietnam, suggesting the administration may pursue bilateral agreements before implementing broader measures. June Consumer Price Index data already showed tariff-related inflation lifting costs of core goods including audio equipment and furnishings, raising questions about Federal Reserve…
Profit-Taking Sets in but Macro Backdrop Stays Supportive Wednesday’s pullback was inevitable after extreme gains. Trump’s softer tone on Powell and openness to tariff reductions sparked temporary risk-on sentiment. Gold retreated as equities bounced and the dollar recovered. By Thursday, opportunistic buyers returned, stabilizing gold prices heading into the weekend. Despite volatility, gold’s core fundamentals…
Gold rallied sharply on the back of these developments, touching a record $3,086.97 and posting its fourth straight weekly gain. The inflation hedge narrative is reasserting itself as real yields stay low and macro uncertainty increases. Fed Stance Offers Little Relief for Bears The Federal Reserve held rates steady and signaled a dovish tilt, with…
