China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Lot of economic dockets scheduled for today but all with low to medium risks associated.
Data released so far:
- Australia: Consumer price index rose 1 percent y/y in second quarter. RBA trimmed mean CPI rose 1.7 percent y/y in second quarter.
Upcoming:
- Germany: Import price index for June will be released at 6:00 GMT. Prior -5.5 percent. GFK consumer confidence will be released along.
- Switzerland: UBS consumption indicator will be released at 6:00 GMT.
- France: Producer prices and consumer confidence will be released at 6:45 GMT.
- Spain: Retail sales for June will be released at 7:00 GMT. Prior 2.3 percent.
- Italy: Consumer and business confidence will be released at 8:00 GMT.
- Eurozone: Private loans and money supply data will be released at 8:00 GMT.
- United Kingdom: Second quarter GDP flash reading will be released at 8:30 GMT. CBI distributive trade survey report will be released at 10:00 GMT.
- United States: MBA mortgage applications data will be released at 11:00 GMT, followed by Durable goods orders at 12:30 GMT and pending home sales report at 14:00 GMT. EIA will release crude oil inventory report at 14:30 GMT. FOMC will announce monetary policy decision at 18:00 GMT.
