Housekeeping: Good Morning
Featured Analysis:
Tether’s XAUt gold token receives Shariah certification to expand Islamic finance access
Tether’s gold-backed XAUt token has received Shariah certification from Amanah Advisors, confirming its physical backing, lack of interest and leverage, and transparent reserves. The approval could broaden adoption among Islamic institutions and investors, particularly across the Gulf, South Asia and Africa, as demand for compliant digital assets grows globally rapidly.
BBG: Ghana Earmarks $429 Million to Buy Gold
Ghana has allocated 5 billion cedis, or $429 million, to support gold purchases through Goldbod. The programme will channel more small-scale mining output into official markets, strengthen domestic bullion buying and help convert Ghana’s production into national reserves while keeping the central bank focused on monetary policy and currency management.
In Other News:
Data on Deck: FOMC
MONDAY, JULY 27
8:30a Durable-goods orders (June) (prev -4.0% → est 2.1% → act 0.3%)
8:30a Durable-goods minus transportation (June) (prev 1.8% → act 0.6%)
TUESDAY, JULY 28
8:30a Advanced retail inventories (June) (prev 0.5% → act 0.0%)
9a S&P Case-Shiller home price index (20 cities) (May) (prev 1.2% → est 1.3% → act 1.6%)
10a Consumer confidence (July) (prev 92.2 → est 92.0 → act 90.8)
WEDNESDAY, JULY 29
2p FOMC interest-rate decision
2:30p Fed Chair Warsh press conference
THURSDAY, JULY 30
8:30a Initial jobless claims (July 25) (prev 187,000 → est 200,000)
8:30a GDP (Q2) (prev 2.1% → est 1.8%)
8:30a Personal income (June) (prev 0.7% → est 0.3%)
8:30a Personal spending (June) (prev 0.3% → est 0.3%)
8:30a PCE index (June) (prev 0.4% → est -0.1%)
8:30a PCE (year-over-year) (prev 4.1% → est 3.7%)
8:30a Core PCE index (June) (prev 0.3% → est 0.2%)
8:30a Core PCE (year-over-year) (prev 3.4% → est 3.3%)
FRIDAY, JULY 31
8:30a Employment cost index (Q2) (prev 0.9% → est 0.8%)
9:45a Chicago Business Barometer (PMI) (July) (prev 56.7 → est 55.7)
10a Consumer sentiment (final) (July) (prev 54.4 → est 54.0)
GoldFix Members: Exclusive Bullion Pricing Now Available
GoldFix has partnered with Battalion Metals to give our community direct access to institutional-grade physical bullion at exclusive member pricing. Through this partnership, GoldFix members can purchase gold and silver products at pricing typically about 100 basis points below prevailing dealer rates,
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