The US President announced new tariffs, causing a market correction with S&P 500 and Nasdaq dropping over 1%. Interest rates for September expected to be 4.25-4.5%, impacting inflation uncertainty. Yields of US 30-year bonds stabilize, prompting a return to safe havens like the US dollar and Japanese Yen. August may see volatility due to geopolitical tensions and rising Crude oil prices. Gold faces pressure from a strong dollar and bond yields, needing a trigger to continue its bullish trend.

Read more at Yahoo Finance: Markets Tightens After FED’s Statement and New Tariffs