Market wrap: Oil, Gold Rise on Geopolitical and Economic Factors

Oil prices rose after Yemen’s Iran-backed Houthis claimed to have struck a Saudi Arabian tanker in the Red Sea, increasing supply concerns.

The ADP National Employment Report showed the private sector added 44,000 jobs in July, below expectations and signaling a slowdown in hiring.

ZEC price surged 6% as Fortitude Mining expands the Zcash network with a new Nebraska facility, boosting investor confidence.

Gold rose to a one-month high as renewed optimism about Hormuz reopening eased inflation concerns and weakened the US dollar.

The Trump administration refunded $100 billion in ‘liberation day’ tariffs following a Supreme Court ruling, with legal challenges still pending.

Stocks rose on strong corporate earnings and optimism over a potential Hormuz deal, with Trump hinting at progress in US-Iran talks.

Pepeto, an Ethereum-based crypto, nears a potential Binance listing as its presale closes in on a full sellout.

Booking Holdings stock surged on better-than-expected results despite Middle East volatility, driven by strong performance and investor confidence.

Disney Q3 earnings exceeded expectations, driven by strong performance in parks and streaming, despite challenges in sports content.

Shell Q2 earnings beat estimates as higher oil prices and improved margins drove results.

What to watch next

Investors should monitor developments on the Hormuz deal, potential legal challenges to the Trump tariff refunds, and the outcome of the Binance listing for Pepeto. Additionally, the impact of the ADP report on the Federal Reserve’s policy decisions and the continued geopolitical tensions in the Middle East will be key factors to watch.

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