🚨 Gold Update: Bulls Eye $3,500 Again? 📈
08 Aug 2025
28 Jul 2025
📈 S&P 500 Surges Past 6,400 on Trump’s US-EU Tariff Deal
The S&P 500 index blasted through the 6,400 level late Sunday after U.S. President Donald Trump confirmed a tariff deal with the European Union, reducing planned duties from 30% to 15%. This move ignited a broad-based rally across risk assets — from U.S. stock index futures to Bitcoin, which reclaimed the $120,000 mark for the first time in nearly two weeks.
🔑 Key Highlights:
🇺🇸 Trump-EU Tariff Agreement: Levies cut to 15%, calming trade war fears.
💹 Market Reaction:
Dow futures up 180 pts (+0.4%)
S&P 500 futures +0.3%
Nasdaq 100 futures +0.4%
🪙 Bitcoin soared past $120,000, just $3,000 shy of its ATH.
💰 Gold edged near $3,335/oz after a minor 0.4% weekly dip.
📆 Traders eye Fed rate decision, tech earnings, and Trump’s August 1 tariff deadline.
💼 What’s Fueling the Rally?
Markets are responding to relief that a full-blown U.S.-EU trade war has been averted. President Trump’s walk-back on steep 30% tariffs and confirmation of a finalized 15% rate was enough to supercharge risk appetite.
U.S. equities had already finished last week strong:
Dow Jones closed at 44,901.92 (+208 pts)
S&P 500 set its 14th record close at 6,388.64
Nasdaq Composite ended at 21,108.32 — also a record
In addition, earnings optimism, tech momentum, and improving global trade talks with Japan and Indonesia are supporting bullish sentiment.
🌍 Global Markets Mixed but Optimistic
Europe: Mostly flat, minor gains in Italy (FTSE MIB +0.31%) and Sweden (OMXS30 +0.23%)
Asia-Pacific:
Hang Seng +0.49%
Japan’s Nikkei -0.85%
South Korea’s Kospi +0.15%
Australia’s ASX 200 +0.2%
📊 Gold Scalping Signals Takeaway
This is the kind of macro event that moves the markets hard and fast.
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