Gold higher as Dollar weakens
|The dollar's leg lower has provided gold with the fuel for another rally, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.
Stocks drift ahead of big-name earnings
Tuesday has continued in a similar vein to Monday, with markets mostly treading water ahead of Tesla and Alphabet earnings, which promise to inject some volatility into the situation. Even the hints of fresh trade deals are not able to provide much excitement – investors would rather wait to see how things transpire after 1 August, and with markets at or near record highs in a number of cases the short-term risks at least appear skewed to the downside.
Gold hits four-week high
A renewed drop for the dollar is upon us once again, giving room for gold to leap higher. Tariff fears are never far below the surface, and gold remains one of the key ways to play this scenario. Early August may finally see gold hold on to $3500, after weeks of sideways trading.
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