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- 💰 Gold flirts with $3,400
💰 Gold flirts with $3,400
as traders bet on rate cuts.
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
📉 Weak US inflation boosts rate cut hopes
💰 Gold eyes $3,400 on weaker dollar
🛢️ Oil demand slows as summer peak fades
Gold prices are ticking up as the US dollar weakens after soft inflation data. The Trump-Putin meeting looms in the background.
🚨 Breaking News:
Spot gold nudged up to $3,351 per ounce as traders bet big on a September Fed rate cut.
⚡ Wire Simplified
US inflation rose just 0.2% in July, markets now see a 90% chance of a rate cut in September.
A weaker dollar makes gold cheaper for global buyers.
Gold loves low interest rates because it does not pay interest but keeps its shine.
Trump and Putin are meeting Friday in Alaska, no big peace breakthrough expected.
US-China tariff truce extended for 90 days, calming some trade nerves.
✔️ Straight to the Point
Soft inflation, a weaker dollar, and political uncertainty are giving gold the glow up it has been waiting for this summer.
🎤 Do you think gold will hit $3,400 soon? |
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Oil prices are snoozing after a report showed US crude stockpiles are up, signaling the summer driving frenzy may be over.
🚨 Breaking News:
Brent crude barely moved at $66.15 as US demand shows signs of cooling and stockpiles edge higher.
⚡ Wire Simplified
US crude stockpiles rose by 1.52 million barrels last week.
Analysts expected a small drop, so this was a surprise.
Gasoline demand is dipping as summer holidays wind down.
OPEC and the EIA still see higher production in 2025, but US output may drop in 2026.
Trump-Putin meeting unlikely to bring major changes to Russian oil sanctions.
✔️ Straight to the Point
Oil markets are stuck in neutral, demand is cooling, production is high, and geopolitics is not shaking things up much.
In today’s market, VCs are more likely to fund the 10th company in a category as opposed to the 1st.
— Terrence Rohan (@tmrohan)
4:12 PM • Aug 12, 2025
If your startup's potential market is huge, make very conservative assumptions when estimating its size. There is nothing investors like more than an obviously conservative estimate that still ends up being huge.
— Paul Graham (@paulg)
2:30 PM • Aug 12, 2025
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