Gold-Silver Ratio Hits 100:1 – A Historic Buying Signal for Silver 
The U.S. dollar held near its highest level in over two weeks against the Japanese yen as President Trump ramped up trade tensions, announcing a fresh round of tariffs set to begin August 1. The dollar also edged higher against major currencies following threats of levies on copper, semiconductors, and pharmaceuticals. Despite recent strength, the dollar index remains down over 6% since Trump introduced “Liberation Day” tariffs in April.
Markets are interpreting these aggressive moves as negotiation tactics, but Japan remains far from a deal, causing its yen to weaken sharply. Investors are also watching upcoming Japanese elections and U.S. Fed meeting minutes for clues on rate policy. Meanwhile, the euro dipped amid hopes for EU tariff exemptions, and the New Zealand dollar fell after its central bank flagged short-term inflation concerns.
