Market sentiment improved as U.S. equities, gold and silver gained on a weaker dollar and easing inflation concerns. Brent crude fell sharply as reduced Middle East tensions eased supply fears, while coordinated intervention strengthened the yen and pressured the U.S. dollar.
Today's Snapshot
- Dow Jones: 52,485.03 (+0.53%)
- Nasdaq Composite: 25,373.85 (+1.00%)
- S&P 500: 7,489.72 (+0.70%)
- Gold: $4,066.57/oz (+0.59%)
- Silver: $58.26/oz (+1.06%)
- Brent Crude: $79.15/bbl (-3.75%)
Note: Data and market levels are as of approximately 07:00 UTC, August 03, 2026, and remain subject to live market fluctuations.
Global Markets
(A) Precious Metals
Gold: $4,066.57/oz (+0.59%)
Gold rose 0.59% to $4,066.57 per ounce, supported by a weaker U.S. dollar and lower oil prices, which eased inflation concerns. Tim Waterer said uncertainty surrounding the Middle East and upcoming U.S. employment data continued to keep gains in check.
Silver: $58.26/oz (+1.06%)
Silver gained 1.06% to $58.26 per ounce, benefiting from a weaker U.S. dollar and strength across precious metals. However, concerns over global manufacturing activity and industrial demand limited further upside.
(B) Energy
Brent Crude: $79.15/bbl (-3.75%)
Brent crude fell 3.75% to $79.15 per barrel after the U.S. delayed military action against Iran, easing fears of supply disruptions through the Strait of Hormuz. The reduced geopolitical risk prompted traders to unwind part of the oil risk premium.
(C) FX
USD/JPY: 156.46 (-0.70%)
USD/JPY fell 0.70% to 156.46 as coordinated intervention by Japan and the United States strengthened the yen. Hirofumi Suzuki said the scale and timing of the move suggested further intervention could not be ruled out, while the unwinding of short-yen positions accelerated the decline.
EUR/USD: 1.1559 (+0.35% approximately)
EUR/USD rose to 1.1559, reaching a six-week high, as intervention-driven yen strength and falling oil prices placed pressure on the U.S. dollar. Attention is now turning to U.S. employment data for signals on future Federal Reserve policy.
AUD/USD: 0.7069 (+0.40% approximately)
AUD/USD advanced to 0.7069, its highest level in over one month, supported by broad U.S. dollar weakness and lower oil prices. However, concerns over slower Chinese manufacturing growth may limit further gains because of Australia's close trade relationship with China.
High-Impact Economic Event
| Country | Release | Actual | Forecast | Previous | UTC (GMT+00:00) |
|---|---|---|---|---|---|
| United States | ISM Manufacturing PMI | 54.0 | 53.3 | 53.1 | 2:00 PM (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 18.16, reflecting continued caution ahead of key U.S. economic data despite easing Middle East tensions.
What Traders Are Watching
- U.S.-Iran Discussions - Markets are monitoring whether Monday's talks can reduce regional tensions, support the reopening of the Strait of Hormuz and limit further volatility in oil prices.
- Currency Intervention - Investors remain alert for additional action by Japan and the United States after coordinated intervention strengthened the yen and pushed USD/JPY toward 155.
- U.S. Labour-Market Data - Job openings, private-sector employment, weekly jobless claims and Friday's nonfarm payrolls report will be assessed for their potential effect on the Federal Reserve's September policy decision.
“The investor’s chief problem-and even his worst enemy-is likely to be himself.”
Yesterday’s Market News - July 31, 2026
Dow Rises 1.20% to 52,209.57, Gold Falls 0.52% to $4,082.33 and Brent Drops 1.97% to $80.12
Read full recap →Disclaimer
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