U.S. inflation focus boosts dollar; Fed rate cuts cap gold prices.

On Monday, the US dollar index briefly rose above the 110 level during trading, reaching a new high since November 2022.

On Monday, the US dollar index briefly rose above the 110 level during trading, reaching a new high since November 2022. However, it quickly gave up all the gains of the day and turned slightly lower, ultimately closing down 0.02% at 109.61. The yield on US Treasury bonds rose slightly, with the benchmark 10-year yield closing at 4.787%; The yield of the two-year US Treasury bond, which is more sensitive to monetary policy, was 4.394%.

Gold prices fell nearly $30 on Monday from a one month high hit last Friday, with a intraday low of $2656.73 per ounce and closing at $2662.83 per ounce. Last week's strong employment report consolidated expectations that the Federal Reserve would cautiously cut interest rates this year, and the US dollar surged to its highest level in over two years. US bond yields hit an eight month high, putting gold prices at the 2700 mark. In addition, a breakthrough in Gaza ceasefire mediation also suppressed safe haven demand for gold.

Due to market expectations, the expansion of US sanctions on Russian oil will force Russian oil buyers to seek alternative supplies. WTI crude oil rose by over 2% at one point, but gave up some of the gains in the late trading session, ultimately closing up 1.97% at $77.31 per barrel; Brent crude oil ultimately closed up 1.21% at $80.15 per barrel.

Regulation: FCA (UK), VFSC (Vanuatu), FSCA (South Africa)
read more
US tariff letters boost dollar, dent risk appetite 

US tariff letters boost dollar, dent risk appetite 

Trump letters and August 1 deadline in focus; Dollar strengthens as both China and the EU avoid tariff letters; Equities are wobbly, while gold confirms lingering demand; Aussie gains as RBA surprises by keeping rates unchanged
XM Group | 9h 14min ago
EUR/USD Declines as Markets Await US Tariff Developments

EUR/USD Declines as Markets Await US Tariff Developments

The EUR/USD pair dropped to 1.1746 on Tuesday, with the US dollar holding a slight edge before correcting. The greenback faced pressure after Donald Trump announced new tariffs on 14 countries that have yet to secure trade agreements with the US.
RoboForex | 9h 50min ago
Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025

Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025

On July 8, gold slips below $3,350 as risk appetite improves. Silver holds steady near $36.90, while AUD/USD rises to 0.6855 ahead of the RBA decision. USD/JPY surges above 161.00 as BoJ tightening bets fade. PBOC sets USD/CNY at 7.1534, signaling stability. Focus now shifts to US CPI, central bank guidance, and trade progress for market direction.
Moneta Markets | 12h 24min ago
ATFX Market Outlook 8th July 2025

ATFX Market Outlook 8th July 2025

U.S. President Trump signed an order delaying “reciprocal” tariffs from July 9 to August 1 and warned of steep hikes from that date, escalating trade tensions. U.S. stocks closed sharply lower, with the Dow down 0.94%, the S&P 500 falling 0.79%, and the Nasdaq dropping 0.92%. Tesla also tumbled after Elon Musk announced plans to launch a new political party.
ATFX | 14h 56min ago
Markets await trade deals as Trump makes new tariff threats

Markets await trade deals as Trump makes new tariff threats

Dollar edges higher, gold slips despite confusion and renewed trade tensions. Trump delays tariff deadline to August 1, says trade deals are close. Wall Street hits record after Congress passes Big Beautiful Bill. Oil recovers from lows after OPEC+ hikes output more than expected.
XM Group | 1 day ago