Market sentiment remained cautious and selective, with investors avoiding aggressive positions ahead of key policy signals and major corporate earnings. Risk appetite was supported by easing volatility, but uncertainty around interest rates, inflation, geopolitical developments and global growth kept overall momentum restrained.
Today's Snapshot
- Dow Jones: 52,747.32 (+1.03%)
- Nasdaq Composite: 24,876.91 (-0.22%)
- S&P 500: 7,428.78 (+0.21%)
- Gold: $4,038.73/oz (+0.25%)
- Silver: $57.93/oz (+1.41%)
- Brent Crude: $80.25/bbl (+1.90%)
Note: Data and market levels are as of approximately 07:00 UTC, July 29, 2026, and remain subject to live market fluctuations.
Global Markets
(A) Precious Metals
Gold: $4,038.73/oz (+0.25%)
Gold rose 0.25% to $4,038.73 per ounce as the U.S. dollar eased ahead of the Federal Reserve’s policy decision, making bullion more affordable for overseas buyers. Renewed Middle East tensions also supported safe-haven demand, although expectations of restrictive interest-rate guidance limited the increase. Market analyst Kelvin Wong said a less hawkish policy message could help reverse gold’s recent weakness.
Silver: $57.93/oz (+1.41%)
Silver gained 1.41% to $57.93 per ounce, supported by the weaker dollar, improved precious-metals demand and a recovery from the previous session’s decline. However, uncertainty surrounding the Federal Reserve and concerns over industrial and technology-sector demand kept the advance controlled.
(B) Energy
Brent Crude: $80.25/bbl (+1.90%)
Brent crude climbed 1.90% to $80.25 per barrel as renewed U.S. - Iran tensions increased concerns over Middle Eastern supply disruptions. Prices were also supported by an estimated 3.3-million-barrel decline in U.S. crude inventories and continued low tanker traffic through the Strait of Hormuz. Analysts said the latest escalation reduced expectations of a rapid regional de-escalation.
(C) FX
Dollar Index: 101.27 (-0.15%)
The dollar eased 0.15% to 101.27 as investors avoided major positions ahead of the Federal Reserve decision. Markets assigned roughly a 30% chance of a 25-basis-point increase. Strategist Sim Moh Siong said the Fed’s guidance would be more important than the decision itself.
EUR/USD: 1.1401 (+0.14%)
EUR/USD rose 0.14% to 1.1401, supported by mild dollar weakness. Gains remained limited by expectations that U.S. interest rates could stay restrictive.
GBP/USD: 1.3298 (+0.06%)
GBP/USD gained 0.06% to 1.3298 as the dollar softened slightly, although sterling remained near its weakest level since early July.
USD/JPY: 163.38 (-0.30%)
USD/JPY fell 0.30% to 163.38 as the yen recovered modestly. Hirofumi Suzuki said a move toward 164 could increase the risk of intervention by Japanese authorities.
AUD/USD: 0.6954 (-0.28%)
AUD/USD declined 0.28% to 0.6954 after Australian annual inflation slowed to 3.8%, below the 4.0% forecast, reducing expectations of further rate increases.
High-Impact Economic Events
| Country | Release | Actual | Forecast | Previous | UTC (GMT+00:00) |
|---|---|---|---|---|---|
| Australia | CPI m/m | -0.1% | 0.2% | -0.7% | 01:30 AM<br>(GMT+10:00) |
| Australia | CPI y/y | 3.8% | 4.0% | 4.0% | 01:30 AM<br>(GMT+10:00) |
| Australia | Trimmed Mean CPI m/m | 0.3% | 0.3% | 0.4% | 01:30 AM<br>(GMT+10:00) |
| United States | Federal Funds Rate | - | 3.75% | 3.75% | 06:00 PM<br>(GMT-04:00) |
| United States | FOMC Statement | - | - | - | 06:00 PM<br>(GMT-04:00) |
| United States | FOMC Press Conference | - | - | - | 06:30 PM<br>(GMT-04:00) |
Note: These high-impact economic events are for informational purposes only. Please do your own research before making any market decisions.
Volatility
The VIX stood at 18.21, down 2.46%, showing slightly lower market anxiety ahead of the Federal Reserve decision and major technology earnings.
What Traders Are Watching
- Federal Reserve Decision
Markets await the Fed’s rate decision and guidance on inflation and a possible September move.
- U.S. - Iran Tensions
Renewed conflict and restricted Strait of Hormuz traffic could keep oil prices volatile.
- Technology Earnings
Microsoft and Meta earnings are in focus as concerns over AI spending continue to pressure Asian chip stocks.
“Know what you own, and know why you own it.”
Yesterday’s Market News - July 28, 2026
Dow Rises 0.51% to 52,210.08, Gold Falls 0.75% to $4,046.06, While Brent Crude Eases 0.27% to $81.77
Read full recap →Disclaimer
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