Optimistic market sentiment follows trade breakthroughs, strengthening the US dollar and boosting gold prices as key economic indicators loom.
Market sentiment has turned optimistic this week due to trade breakthroughs between the EU and the US, resulting in a surge in global markets. The US dollar strengthened significantly while the euro and yen fell, reflecting improved US trade positions. Following the non-farm payroll report, gold prices surged by $40, closing at $3,363 per ounce, up 0.79%. Key economic indicators to watch include the US services PMI and initial jobless claims, while new tariffs are set to take effect on August 7, allowing for further negotiations.