News
Gold and silver slipped as the US dollar strengthened, while Bitcoin, EUR/USD, and AUD/USD remained under pressure ahead of the Federal Reserve minutes.
Markets traded cautiously on Tuesday as a stronger US dollar and rising Treasury yields weighed on precious metals, cryptocurrencies, and major currency pairs ahead of the release of the Federal Reserve’s meeting minutes.
Gold slipped after filling Monday’s price gap, with the $4,000 level continuing to act as key support. Analysts warned that a potential death cross between the 50-day and 200-day moving averages could signal further weakness, although the market remains largely range-bound.
Silver also declined after filling its Monday gap, remaining below the $60 level. Support is seen near $57, while resistance stands around the 200-day EMA at $67.08, with the stronger US dollar continuing to pressure prices.
In the currency market, AUD/USD retreated to around 0.6925 as risk appetite weakened ahead of the Fed minutes. Analysts see support at 0.6850, while a move above 0.7000 would improve the technical outlook.
EUR/USD eased to around 1.1420, with a bearish flag pattern pointing to a potential decline toward 1.1325. Investors are awaiting the Fed minutes and upcoming comments from policymakers for clues on future interest rate decisions.
Meanwhile, Bitcoin traded near $63,800 after failing to break above its 50-day EMA. Traders continue to monitor geopolitical tensions, a stronger US dollar, and institutional flows, with $60,000 remaining the key downside support level.
Recommended brokers
RecommendedFounded in 2009 and trusted by millions of users worldwide, XM is an international broker that allows operating numerous trading instruments through user-friendly desktop and mobile platforms under very favorable trading conditions.
RecommendedIf you want to have access to more than 1250 assets, including Cryptocurrencies, 24/7 multilingual support all over the globe, and a five-star rated broker at Trustpilot – Ava Trade may be your choice.
US Markets Close for July 4 While Oil, Gold and Asian Stocks GainUS stock markets are closed on July 3 for the Independence Day holiday, while oil prices stabilize, Asian stocks advance, and central banks continue boosting gold reserves.
Markets Mixed as SP 500 Tests 7,500, Gold Holds $4,000 SupportThe S&P 500 tested 7,500, WTI crude held near $70, gold defended $4,000, and Bitcoin remained under pressure as traders watched key technical levels.Editorial Note
This article aggregates publicly available market and broker updates from the source CMS. Verify time-sensitive data directly with official sources before making decisions.
Last update: Jul 08, 2026