Japan JP Foreign Reserves: $1313.8B (June) vs $1298.1B

Jul 7, 2025

OPEC+ agrees to a bigger-than-expected production increase in August - Bloomberg

The Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed on Saturday to hike their collective crude production by 548,000 barrels per day (bpd), as they continue to unwind a set of voluntary supply cuts, per Bloomberg. This is faster than the 411,000 bps expected.

Gold Price Forecast: XAU/USD attracts some sellers to below $3,350 amid tariff uncertainty

The Gold price (XAU/USD) attracts some sellers to around $3,320 during the early Asian session on Monday. The precious metal edges lower as the US June Nonfarm Payrolls (NFP) report altered the US Federal Reserve (Fed) policy expectations.