Core Viewpoint - The Indian Foreign Minister S. Jaishankar has responded strongly to the U.S. imposing additional tariffs on Indian goods, indicating rising tensions in U.S.-India relations [1] Group 1: U.S.-India Relations - The relationship between the U.S. and India is increasingly strained, particularly following the U.S. decision to impose tariffs [1] - Jaishankar refuted claims made by Trump regarding U.S. facilitation of a ceasefire between India and Pakistan [1] Group 2: Tariff Implications - On August 6, Trump announced additional tariffs on Indian products, citing India's "direct or indirect import of Russian oil" as a reason [1] - Trump accused India of profiting significantly from the resale of Russian oil in secondary markets [1]

Market Environment - The market environment is complex with significant volatility, making accurate predictions difficult, leading to a recommendation for reduced trading and increased observation [2] - The extreme market conditions from last week are expected to stabilize, returning to a more technical trading environment [2] Economic Indicators - This week is significant due to the non-farm payroll data, trade tariffs, geopolitical changes, and Federal Reserve policies, alongside unemployment claims data [2] Gold Market Analysis - The dollar has shown a slight rebound after forming a bottom, which is expected to support an increase in gold prices [3] - Despite a drop from 3500 to 3260, the long-term trend for gold remains bullish, with potential targets of 3420, 3500, and possibly breaking above 3500 [3] - Current gold trading is characterized by low-level fluctuations, with key resistance at 3370; a break above this level could lead to significant upward movement [4] Silver Market Analysis - The international silver market has shown a strong trend, with expectations of reaching around 34, while maintaining support at 32 [4] - Domestic silver is experiencing high-level fluctuations, with a focus on the 8400/8150 range for potential trading opportunities [5] Oil Market Analysis - The international oil market is currently in a weak range, with a trading range of 64.5 to 61.5; breaking this range could lead to a more definitive trend [5] - Fuel oil has also been in a consolidation phase, with potential for upward movement if it can establish a solid base [5]