Gold surged to a near one-month high, nearing its seventh consecutive monthly gain. Geopolitical tensions, particularly concerning U.S.-Iran nuclear talks and potential military action, fueled a flight to safety. Lower U.S. Treasury yields further bolstered bullion’s appeal. Meanwhile, China’s gold imports saw a significant jump, indicating strong consumer demand.
Apple set to lose nearly $500 billion in value after weak forecast
Apple shares dropped significantly after a weak forecast indicated component shortages. The AI boom is straining global supply chains, impacting chip availability for major tech
August 1, 2026