1. Bloomberg: The United States Will Impose an Additional 7.5% Tariff on Chinese Goods

According to Bloomberg, the United States will impose an additional 7.5% tariff on Chinese goods.   -Original

2. Tom Lee: The U.S. Treasury's Nearly One Trillion Dollar Bond Buyback Plan Is Beneficial for Stocks and Cryptocurrencies

Tom Lee stated that the U.S. Treasury's nearly one trillion dollars bond buyback plan will lower long-term interest rates, benefiting long-term assets such as stocks, cryptocurrencies, gold, and real estate.   -Original

3. Citigroup Raises Gold Short-Term Target to $4,800 per Ounce, Maintains $5,000 Target for 6-12 Months

Citigroup has raised its 0-3 month gold price target from $4,500 per ounce to $4,800 per ounce, while keeping the 6-12 month target of $5,000 per ounce unchanged. Physical demand needs to keep up to maintain the current rally.   -Original

4. Trump Announces Increase of Tariffs on Canadian Cars and Steel to 50% Starting in 2027

U.S. President Trump announced that starting January 1, 2027, tariffs on all Canadian cars, trucks, automotive parts, and steel will be raised to 50%.   -Original

5. Binance Reveals It Is Assisting Several Countries in Purchasing Bitcoin as National Reserve

Binance has revealed that it is assisting several countries in purchasing Bitcoin as national reserves.   -Original

6. South Korea Plans to Launch the "Digital Asset Basic Law" This Fall to Accelerate Cryptocurrency Legislation

South Korea's top financial regulatory agency will accelerate discussions on cryptocurrency legislation and plans to introduce the "Digital Asset Basic Law" this fall. The bill covers regulatory rules for stablecoin issuance, virtual asset service provider (VASP) licensing, and Bitcoin ETFs.   -Original

7. George Efstathiou: Uncertainty in Federal Reserve Policy Drives Funds to Increase Gold Holdings

George Efstathiou, a portfolio manager at Fidelity International, stated that the gold holdings of his managed funds have doubled in the past three weeks, increasing the gold allocation ratio to the maximum of 5%. He noted that uncertainty in Federal Reserve policy and the declining safe-haven status of the dollar are reasons for increasing gold holdings, and if the dollar's safe-haven status continues to decline, he will consider raising the allocation limit. Efstathiou believes that the U.S. Treasury's increased buyback of long-term bonds is manipulating yields, and the current focus on gold is the reasons for rising yields.   -Original

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