Gold fell to around $3,420 per ounce, ending a three-day rally after U.S. trade deals with Japan, the Philippines, and Indonesia reduced safe-haven demand. Despite easing tensions, concerns remain with the EU. Markets now focus on next week’s Fed meeting.

Bitcoin declined to $119,335 on July 23, down 0.56% for the day and 12.53% this month, though still up 82.60% year-on-year. Forecasts point to $111,549 by quarter-end and $94,314 within a year.

The yen traded near 146.5 per dollar after a U.S.-Japan trade deal imposed 15% tariffs in exchange for $550 billion in Japanese investments. Political uncertainty grew after the ruling coalition lost its upper house majority.

Brent crude rose to nearly $68 per barrel, ending a three-day drop, supported by trade progress with key buyers and a draw in U.S. crude stocks. Sanction threats on Russian oil and new EU measures also lifted sentiment.

The US 100 fell to 23,115 on July 23, down 0.50% for the day and 4.17% over the month, but up 21.45% year-on-year. Analysts expect a drop to 22,447 by quarter-end and to 20,690 within a year.

The offshore yuan held near 7.17 per dollar as markets watched Sino-U.S. developments. China called for tariff restraint, the PBOC held rates steady, and a new stablecoin was launched to support liquidity.

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