Market Summary (Jul 30, 2025)
We expect today’s FOMC to lean dovish—two dissenters and Fed guidance toward a September cut should weigh on the USD and lift gold, which remains anchored above the $3,200/oz support level. Secondary 100% tariffs on any country buying Russian goods, plus still-high U.S. trade levies on Europe and smaller economies come August 1, reinforce our conviction in precious metals. In digital assets, the push for a U.S. strategic reserve including XRP, SOL, and ADA underlines long-term upside for “Made-in-America” crypto amid mixed equity performance on strong GDP and ADP data.
