{"id":1143,"date":"2026-08-06T01:23:56","date_gmt":"2026-08-06T01:23:56","guid":{"rendered":"https:\/\/goontrading.com\/en\/daily-summary-dow-jones-hits-record-highs-while-gold-and-silver-rally-on-hopes-for-a-us-iran-deal\/"},"modified":"2026-08-06T01:23:56","modified_gmt":"2026-08-06T01:23:56","slug":"daily-summary-dow-jones-hits-record-highs-while-gold-and-silver-rally-on-hopes-for-a-us-iran-deal","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/daily-summary-dow-jones-hits-record-highs-while-gold-and-silver-rally-on-hopes-for-a-us-iran-deal\/","title":{"rendered":"Daily Summary: Dow Jones hits record highs, while gold and silver rally on hopes for a US\u2013Iran deal"},"content":{"rendered":"

\ud83d\ude80 Experience Ultra-Low Latency Trading<\/a> — \ud83d\udee1\ufe0f Trade with a Regulated Global Broker<\/a><\/strong><\/p>\n

\u00a0<\/p>\n

\n

\ud83d\udcc8 Stock Market<\/span><\/span><\/span><\/span><\/span><\/span><\/h2>\n
    \n
  • \n

    The positive mood during the US session faded<\/span><\/span><\/span><\/span><\/span><\/span>, especially after a rather strong opening.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    At the time of writing this report, <\/span><\/span><\/span><\/span><\/span><\/span>the Dow Jones is gaining over 0.8%<\/span><\/span><\/span><\/span><\/span><\/span>, breaking records and remaining <\/span><\/span><\/span><\/span><\/span><\/span>the only bright spot in the US cash market<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    The S&P 500 gave back some of its gains after initial increases<\/span><\/span><\/span><\/span><\/span><\/span> and is currently <\/span><\/span><\/span><\/span><\/span><\/span>hovering around zero<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    The situation looks significantly worse for the tech-heavy <\/span><\/span><\/span><\/span><\/span><\/span>Nasdaq, which is down about 0.4%<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    The indexes are primarily weighed down by shares of <\/span><\/span><\/span><\/span><\/span><\/span>SpaceX and AMD<\/span><\/span><\/span><\/span><\/span><\/span>, which reported <\/span><\/span><\/span><\/span><\/span><\/span>relatively strong quarterly results, but the market expected better outcomes<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    On the flip side, <\/span><\/span><\/span><\/span><\/span><\/span>Nvidia is gaining<\/span><\/span><\/span><\/span><\/span><\/span> as the market reacted positively to news about <\/span><\/span><\/span><\/span><\/span><\/span>SpaceX utilizing its AI technology<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    The current <\/span><\/span><\/span><\/span><\/span><\/span>earnings season should be considered very strong<\/span><\/span><\/span><\/span><\/span><\/span>, with <\/span><\/span><\/span><\/span><\/span><\/span>the vast majority of companies reporting results that beat market forecasts<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    After today’s session, <\/span><\/span><\/span><\/span><\/span><\/span>SanDisk and Western Digital Corporation will report their financial results<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n

    \ud83c\udf0d Geopolitics<\/span><\/span><\/span><\/span><\/span><\/span><\/h2>\n
      \n
    • \n

      Iran and Oman are continuing talks regarding the creation of a safe route for ships through the Strait of Hormuz<\/span><\/span><\/span><\/span><\/span><\/span>, although <\/span><\/span><\/span><\/span><\/span><\/span>an agreement remains uncertain<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      According to a Persian Gulf state representative, <\/span><\/span><\/span><\/span><\/span><\/span>the chances of reaching a deal by Friday are around 50%<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      Iran reported that coordinates for the proposed route have been agreed upon<\/span><\/span><\/span><\/span><\/span><\/span>, which could operate <\/span><\/span><\/span><\/span><\/span><\/span>temporarily for 2\u20134 months<\/span><\/span><\/span><\/span><\/span><\/span>, and <\/span><\/span><\/span><\/span><\/span><\/span>a joint statement from both countries is being finalized<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      Donald Trump assessed that the situation around Iran is “developing very well,”<\/span><\/span><\/span><\/span><\/span><\/span> suggesting progress in negotiations aimed at <\/span><\/span><\/span><\/span><\/span><\/span>ending the conflict and reopening the Strait of Hormuz<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      According to the US President, <\/span><\/span><\/span><\/span><\/span><\/span>negotiations are heading in the right direction<\/span><\/span><\/span><\/span><\/span><\/span>, and <\/span><\/span><\/span><\/span><\/span><\/span>details may be presented in the near future<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      At the same time, reports suggest that <\/span><\/span><\/span><\/span><\/span><\/span>the US and Iran remain in indirect contact<\/span><\/span><\/span><\/span><\/span><\/span>, though Tehran emphasizes that <\/span><\/span><\/span><\/span><\/span><\/span>it is not currently engaging in direct talks with Washington<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      Tehran notes that it received messages from Washington regarding its readiness to return to previous commitments<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      However, <\/span><\/span><\/span><\/span><\/span><\/span>Iran claims that merely restoring US commitments will not be enough to fully open the Strait of Hormuz<\/span><\/span><\/span><\/span><\/span><\/span>, and negotiations continue in <\/span><\/span><\/span><\/span><\/span><\/span>an atmosphere of deep distrust<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      The new route agreed upon with Oman is intended to be a temporary solution<\/span><\/span><\/span><\/span><\/span><\/span>, rather than <\/span><\/span><\/span><\/span><\/span><\/span>a complete end to the conflict<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n

      \ud83d\udcca Macroeconomics<\/span><\/span><\/span><\/span><\/span><\/span><\/h2>\n
        \n
      • \n

        The ADP report on private-sector employment in the US showed a clear slowdown in the labor market<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

      • \n

        In July, private companies added only 44k jobs<\/span><\/span><\/span><\/span><\/span><\/span>, while <\/span><\/span><\/span><\/span><\/span><\/span>around 75k were expected<\/span><\/span><\/span><\/span><\/span><\/span> (following a downwardly revised <\/span><\/span><\/span><\/span><\/span><\/span>95k in June<\/span><\/span><\/span><\/span><\/span><\/span>).<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

      • \n

        The largest employment gains were recorded in the education and health care sectors<\/span><\/span><\/span><\/span><\/span><\/span>, whereas <\/span><\/span><\/span><\/span><\/span><\/span>weaker results appeared in hospitality, food services, and parts of manufacturing<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

      • \n

        The data suggests that <\/span><\/span><\/span><\/span><\/span><\/span>the US labor market is gradually losing momentum<\/span><\/span><\/span><\/span><\/span><\/span>, but <\/span><\/span><\/span><\/span><\/span><\/span>does not yet point to a sharp deterioration<\/span><\/span><\/span><\/span><\/span><\/span> \u2014 companies are still rarely laying off workers, <\/span><\/span><\/span><\/span><\/span><\/span>they are simply hiring more slowly<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

      • \n

        US services sector data showed that the economy maintains a solid pace of growth<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

      • \n

        The stronger reading suggests that <\/span><\/span><\/span><\/span><\/span><\/span>demand in the US economy remains robust<\/span><\/span><\/span><\/span><\/span><\/span>, particularly in services, which <\/span><\/span><\/span><\/span><\/span><\/span>account for the largest portion of US GDP<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

      • \n

        The ISM Services PMI also confirmed the sector’s resilience<\/span><\/span><\/span><\/span><\/span><\/span>, although the result was <\/span><\/span><\/span><\/span><\/span><\/span>slightly weaker than expected: the index stood at 54.1 pts. versus the forecasted 54.5 pts.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

      • \n

        Growth was mainly driven by new orders (rising to 57.2 pts.)<\/span><\/span><\/span><\/span><\/span><\/span>, but costs remain an issue \u2014 <\/span><\/span><\/span><\/span><\/span><\/span>the prices paid index stayed above 70 pts.<\/span><\/span><\/span><\/span><\/span><\/span>, pointing to <\/span><\/span><\/span><\/span><\/span><\/span>persistent inflationary pressure<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

      • \n

        At the same time, <\/span><\/span><\/span><\/span><\/span><\/span>the employment component weakened<\/span><\/span><\/span><\/span><\/span><\/span>, suggesting that <\/span><\/span><\/span><\/span><\/span><\/span>companies remain cautious regarding recruitment<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

      • \n

        For markets, this represents <\/span><\/span><\/span><\/span><\/span><\/span>a mixed signal<\/span><\/span><\/span><\/span><\/span><\/span>: the US economy <\/span><\/span><\/span><\/span><\/span><\/span>shows no signs of a sharp slowdown<\/span><\/span><\/span><\/span><\/span><\/span> (which is positive for equities), but <\/span><\/span><\/span><\/span><\/span><\/span>a strong services sector and high prices could make it difficult for the Fed to cut interest rates quickly<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

      • \n

        Combined with the weaker ADP report, the market gets <\/span><\/span><\/span><\/span><\/span><\/span>a picture of an economy that is still growing but beginning to gradually slow down<\/span><\/span><\/span><\/span><\/span><\/span> \u2014 which could be a favorable <\/span><\/span><\/span><\/span><\/span><\/span>“soft landing”<\/span><\/span><\/span><\/span><\/span><\/span> scenario if inflation continues to fall.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n

        \ud83d\udee2\ufe0f Commodities<\/span><\/span><\/span><\/span><\/span><\/span><\/h2>\n
          \n
        • \n

          Ongoing peace talks are directly impacting crude oil prices (Brent)<\/span><\/span><\/span><\/span><\/span><\/span>, which currently sit <\/span><\/span><\/span><\/span><\/span><\/span>below the $80 level<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n

          \ud83e\udd47 Precious Metals<\/span><\/span><\/span><\/span><\/span><\/span><\/h2>\n
            \n
          • \n

            A <\/span><\/span><\/span><\/span><\/span><\/span>very positive mood is observed in the precious metals market<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

          • \n

            The price of gold rose above $4,200 per ounce<\/span><\/span><\/span><\/span><\/span><\/span>, as investors began to assume that <\/span><\/span><\/span><\/span><\/span><\/span>a potential US\u2013Iran agreement and the reopening of the Strait of Hormuz could limit the risk of rising oil prices and inflation<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

          • \n

            Silver is gaining over 4%<\/span><\/span><\/span><\/span><\/span><\/span> and is sitting <\/span><\/span><\/span><\/span><\/span><\/span>at the $62 level<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n

            \ud83e\ude99 Cryptocurrencies<\/span><\/span><\/span><\/span><\/span><\/span><\/h2>\n
              \n
            • \n

              Positive sentiment is also evident in the crypto market<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

            • \n

              Bitcoin is gaining about 0.6%<\/span><\/span><\/span><\/span><\/span><\/span> and is trading <\/span><\/span><\/span><\/span><\/span><\/span>around $64,500<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

            • \n

              Ethereum is gaining over 1%<\/span><\/span><\/span><\/span><\/span><\/span> and is <\/span><\/span><\/span><\/span><\/span><\/span>testing the $1,900 level<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<\/div>\n

              XTB.COM<\/p>\n","protected":false},"excerpt":{"rendered":"

              \ud83d\ude80 Experience Ultra-Low Latency Trading — \ud83d\udee1\ufe0f Trade with a Regulated Global Broker \u00a0 \ud83d\udcc8 Stock Market The positive mood during the US session faded, especially after a rather strong opening. At the time of writing this report, the Dow Jones is gaining over 0.8%, breaking records and remaining the only bright spot in the …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-1143","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/comments?post=1143"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1143\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=1143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=1143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=1143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}