Gold Is on a Summer Strike, and It Looks Good!
Gold’s price shot up on Monday as the US dollar took a little nap and the world’s geopolitical stage sparked up again.
Why the Dollar Took a Breather
- The dollar slid back in value, giving a boost to colorful assets that don’t pay interest.
- US Treasury yields dipped, easing pressure on non‑yielding investments like gold.
Fed Talk: A Bit Mixed-Feel
The latest strong US data dampened the hype for a quick rate cut, but Fed Governor Christopher Waller’s softer comment nudged the greenback down.
Now, it’s a showdown of voices: Jerome Powell and Michelle Bowman will be handing out their next policy hints. Investors are glued to every word.
Trade Talk Keeps the Gold Feeling Secured
- US Commerce Secretary Howard Lutnick confirmed August 1 stays the line for reciprocal tariff implementation.
- Negotiations are still in play, but the looming risk of widespread trade disruptions keeps safe‑haven demand high.
Geopolitical Fireworks on Both Sides of the Globe
- Russia delivered another wave of drone and missile strikes on Kyiv, ticking the clock on stalled ceasefire talks and leaving foreign pressures increasingly loud.
- The Middle East remains a tinderbox, supporting the appetite for safe‐haven assets.
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