Gold (XAU/USD) remains in a well-defined range between $3,320 and $3,350 at the time of writing on Tuesday, amid a looming tariff deadline and potential trade deals.

Silver (XAG/USD) is trading near $36.70 on Tuesday, easing slightly on the day but holding firm within a narrow consolidation range. The metal has been hovering near 13-year highs, as markets assess the potential impact of the latest tariff threats by US President Donald Trump.

United States Redbook Index (YoY) increased to 5.9% in July 4 from previous 4.9%

The US Dollar (USD) is treading water on Tuesday, struggling to hold onto Monday’s tariff-driven gains, as market sentiment steadies following an executive order from United States (US) President Donald Trump extending the tariff deadline to August 1 from July 9.

Brazil Retail Sales (MoM) below expectations (0.2%) in May: Actual (-0.2%)

The EUR/USD pair is pulling back from intra-day highs and keeps its broader bearish trend from last week's highs intact.

The Pound Sterling (GBP) trades lower against its major peers on Tuesday.

The US Dollar recovery from long-term lows, at 0.7870, has stalled on Tuesday right below the 0.8000 psychological level. The pair is trading with moderate losses on Tuesday, moving around the 0.7980 level, with the safe-haven Swiss Franc underpinned by the growing uncertainty about global trade.

Gold price (XAU/USD) drops to near $3,325 during the European trading session on Tuesday.

Dow Jones Index Futures point to a slightly negative opening on Tuesday following a significant decline on Monday.

The USD/JPY pair climbs to near 146.30 during the European trading session on Tuesday. The pair gains as the Japanese Yen (JPY) underperforms across the board, following the announcement of 25% reciprocal tariffs by United States (US) President Donald Trump on imports from Japan.

United States NFIB Business Optimism Index registered at 98.6, below expectations (98.7) in June

The Eurozone has skipped the first round of tariff letters by the US Administration, and that is good news for the Euro.

Germany 5-y Note Auction increased to 2.26% from previous 2.14%

The USD/CAD pair retraces to near 1.3640 during European trading hours on Tuesday. The Loonie pair corrects as the US Dollar (USD) gives up half of tariff-inspired gains made on Monday.

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.

The AUD/USD pair is recovering its 1% losses registered in the previous session, trading around 0.6540 during the European hours on Tuesday. The daily chart’s technical analysis indicated a renewing bullish sentiment as the pair has rebounded to the existing ascending channel pattern.

West Texas Intermediate (WTI) Oil price loses ground after registering more than 2% gains in the previous session, trading around $66.60 per barrel during the European hours on Tuesday. Crude Oil prices fall as renewed United States (US) tariff threats bolster concerns about the global Oil demand.

Silver (XAG/USD) keeps trading within the last four weeks $2 range, but recent price action shows an ascending trend from late June lows, although the resistance area at $37,00 remains holding bulls and closing the path towards the $37.25 long-term high.Market’ concerns about trade uncertainty keep

Gold price (XAU/USD) remains depressed through the first half of the European session on Tuesday, though a combination of factors helps limit the downside.

Spain 9-Month Letras Auction dipped from previous 1.934% to 1.905%

Spain 3-Month Letras Auction up to 1.905% from previous 1.873%

The Indian Rupee (INR) recovers against the US Dollar (USD) during the European trading session on Tuesday. The USD/INR pair corrects to near 85.88 from the weekly high of 86.15 posted on Monday.

Dow Jones Futures move sideways ahead of the opening on Tuesday, trading around 44,680, up by 0.01%. Meanwhile, S&P 500 Futures were up 0.08% at around 6,280, recovering some of the previous session’s losses.

The US Dollar jumped on Monday after Trump announced new tariffs on a first batch of countries, but it is struggling to extend gains on Tuesday, despite the ongoing risk aversion, as the outlook of global trade remains highly uncertain.The US Dollar Index (DXY), which measures the value of the Green

The AUD/JPY cross attracts strong follow-through buying on Tuesday and rallies to a nearly four-month high in reaction to the Reserve Bank of Australia's (RBA) surprise decision to keep interest rates on hold.

Here is what you need to know on Tuesday, July 8:

The GBP/JPY cross gains momentum to near 199.20 during the early European session on Tuesday. The Japanese Yen (JPY) softens against the Pound Sterling (GBP) on trade woes after US President Donald Trump reiterated that he plans to impose 25% tariffs on goods from Japan. 

Austria Trade Balance: €-447.5M (April) vs €-888.1M

The Japanese Yen (JPY) sticks to its negative bias through the early European session on Tuesday amid worries that US President Donald Trump's trade tariffs could further complicate the Bank of Japan’s (BoJ) path to normalising monetary policy.