Is Gold’s Glitter Fading? Why $3,300 Might Just Be the Starting Line for a Surprising Market Twist
Meanwhile, US-China trade talks concluded in Stockholm on Tuesday with both sides pledging to maintain open communication and uphold the current tariff truce, set to expire on August 12. While no formal extension was agreed upon, negotiators described the tone as constructive. US President Donald Trump is expected to make the final call on whether to extend the truce, keeping markets in wait-and-watch mode.
Looking ahead, a packed US economic calendar is in focus on Wednesday. The day begins with the ADP Employment Change report for July providing an early look at the health of the labor market ahead of the Non-Farm Payrolls (NFP) report later this week. That’s followed by preliminary readings of Core Personal Consumption Expenditures (PCE) and Q2 Gross Domestic Product (GDP), both of which will help shape expectations around inflation and growth. However, the main spotlight falls on the Fed’s monetary policy decision, followed by Fed Chair Jerome Powell’s press conference, where investors will be looking for clues on the future path of interest rates.
Post Comment