Market Digest: Gold Slips on Trade Talks Hopes; Bitcoin Surges to 109K

Key Takeaways:

U.S.–Vietnam Trade Deal: A new tariff-cutting agreement boosted global sentiment, fueling gains in trade-sensitive sectors.
Bitcoin: (BTC) surged from $105K to $109K on strong institutional interest and trade optimism.
Gold: The metal slipped to $3,350.34, as safe-haven demand weakened amid rising risk appetite.
Global Equities: Stocks climbed as easing trade tensions and macro stability lifted investor confidence.

Global Shifts and Market Sentiment

On July 3, global markets advanced after the United States and Vietnam finalized a trade agreement that included lower tariffs and expanded access for U.S. exports. The deal was interpreted as a sign of easing geopolitical friction and improving supply chain stability, which in turn supported risk appetite across asset classes.

Bitcoin (BTC) rallied from $105,000 to $109,000, fueled by firm institutional flows and positive macro sentiment. Major altcoins posted mixed results.

On the other hand, gold slipped 0.21% to $3,350.34 as investors turned risk-on following the trade agreement, reducing demand for safe-haven assets. However, the dip was softened by a weaker U.S. dollar. Oil prices also fell, with WTI (USOIL) down 0.78% and Brent (BRENT3!) easing 0.14%, as markets assessed supply trends against the backdrop of improved trade sentiment.

Traders are now watching for U.S. payrolls data and central bank updates for further direction, with the trade deal setting a tone of cautious optimism for the second half of the year.

Global Indices

S&P 500 (SPX): 6,227.41 (+0.47%)
Dow Jones (DJI): 44,484.42 (-0.02%)
Nasdaq (IXIC): 20,393.13 (+0.94%)
Nikkei 225 (NK2251D): 39,750.00 (-0.10%)
Euronext 100 (N100): 1,577.36 (+0.78%)
FTSE 100 (FTSE): 8,798.00 (+0.02%)

Cryptocurrencies Market

Bitcoin (BTC): $109,270(+0.04%)
Ethereum (ETH): $2,598.91 (+1.14%)
Solana (SOL): $163.35 (-1.88%)
Binance Coin (BNBUSDT): $659.55 (-0.02%)

Commodities

Gold : $3,350.34 (-0.21%)
Silver : $36.40 (-0.34%)
WTI Crude (USOIL): $66.90 (-0.78%)
Brent Crude (BRENT3!): $66.51 (-0.14%)

Individual Stocks

NVIDIA (NVDA): $157.25 (+2.58%)
Tesla (TSLA): $315.65 (+4.97%)
Microsoft (MSFT): $491.09 (-0.20%)
Meta Platforms (META): $713.57 (-0.79%)
Apple (AAPL): $212.44 (+2.22%)
Amazon (AMZN): $219.92 (-0.24%)

Forex

EUR/USD: 1.1789 (-0.08%)
GBP/USD: 1.3627 (-0.03%)
USD/JPY: 143.844 (+0.14%)
U.S. Dollar Index (DXY): 96.453

Market Wrap-Up

Markets leaned into risk as trade optimism sparked a broad rally across equities and digital assets. Gold dipped, but a weaker dollar cushioned the slide, while oil softened on mixed supply signals. With focus shifting to Friday’s U.S. nonfarm payrolls and renewed momentum from trade talks, investors enter Q3 cautiously optimistic.