Tax
Trump's new tariffs continue to drive safe-haven flows toward gold as investors seek stability
AI and semiconductor stocks lead the charge, while consumer sectors lag due to tariff impacts
The dollar's value dropped over 10 percent, marking its worst start since 1973
Trump’s tariff delay offers hope to major trade partners while confusing smaller exporters like South Africa
Global sukuk issuance plummeted nearly 15 percent during this period
U.S. President Trump informed trade partners that higher tariffs would commence on August 1
Gold prices hovered around $3,330 on Tuesday due to a stronger U.S. Dollar affecting demand
Saudi Arabia raised August prices for Arab Light crude to a four-month high for Asia
Spot gold dropped more than 0.5 percent to above $3,311 per ounce
A 90-day delay on tariffs provides time for negotiations, aiming for clarity in trade deals
Multinational entities must register by September 30 to comply with the new tax regulations
