1. Bloomberg: The U.S. will impose an additional 7.5% tariff on Chinese goods

According to Bloomberg, the U.S. will impose an additional 7.5% tariff on Chinese goods. - Original

2. Tom Lee: The U.S. Treasury’s nearly $1 trillion repo program is bullish for stocks and cryptocurrencies

Tom Lee says that the U.S. Treasury’s nearly $1 trillion repo program will push down long-term interest rates, benefiting long-term assets such as stocks, cryptocurrencies, gold, and real estate. - Original

3. Citibank raises its near-term gold target to $4,800 per ounce, while keeping its 6–12 month target at $5,000

Citibank has raised its 0–3 month gold price target from $4,500 per ounce to $4,800 per ounce, while keeping its 6–12 month target at $5,000 per ounce unchanged. Physical demand needs to catch up in order to sustain this round of gains. - Original

4. Trump announced that, starting in 2027, tariffs on Canadian automobiles and steel will be raised to 50%.

U.S. President Trump announced that, effective January 1, 2027, tariffs on all Canadian automobiles, trucks, automotive parts, and steel will be increased to 50%. -Original text

5. Binance reveals it is assisting multiple countries in purchasing Bitcoin as a national reserve.

Binance discloses that it is assisting multiple countries in purchasing Bitcoin as a national reserve. -Original text

6. South Korea plans to introduce a Digital Asset Basic Act this autumn, accelerating cryptocurrency legislation.

South Korea’s top financial regulator will accelerate discussions on cryptocurrency legislation and plans to introduce a Digital Asset Basic Act this autumn. The bill will cover regulatory rules for areas including stablecoin issuance, licensing for virtual asset service providers (VASPs), and Bitcoin ETFs. -Original text

7. George Efstathopoulos: Uncertainty in Federal Reserve policy prompts funds to increase holdings of gold

Fidelity International portfolio manager George Efstathopoulos said that within the past three weeks, the gold holdings of the funds he manages have doubled, and he has increased the gold allocation to an upper limit of 5%. Efstathopoulos said that the reasons for adding to gold are the uncertainty in Federal Reserve policy and a decline in the U.S. dollar’s safe-haven status. If the dollar’s safe-haven status continues to fall, he will consider raising the allocation cap. Efstathopoulos believes that the U.S. Treasury’s increased efforts in long-term bond buybacks are manipulating yields. The current focus for gold is the reasons behind rising yields. -Original text

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