Gold prices tick higher on fresh US tariff threats, Fed rate cut hopes
As traders approach another pivotal day for financial markets on Wednesday, August 6, 2025, a series of crucial decisions and economic data releases that could sway market dynamics are expected. The spotlight will be on the EIA Crude Oil Inventories report and two speeches by FOMC Member Mary Daly, which have the potential to influence both energy markets and monetary policy expectations.
Major Economic Events to Watch
• 10:30 AM ET - EIA Crude Oil Inventories (Previous:7.698M): Weekly change in commercial crude oil barrels held by US firms, impacting petroleum prices and inflation.
Other Important Economic Events to Watch
• 12:45 PM ET - FOMC Member Daly Speaks: San Francisco Fed President’s remarks may offer insights into future monetary policy.
• 1:00 PM ET - 10-Year Note Auction (Previous:4.362%): Indicator of government debt situation and investor sentiment.
• 4:10 PM ET - FOMC Member Daly Speaks: Second speech of the day by San Francisco Fed President.
Other Economic Events to Watch
• 7:00 AM ET - MBA 30-Year Mortgage Rate (Previous:6.83%): Fixed 30-year mortgage lending rates for 80% loan-to-value mortgages.
• 7:00 AM ET - MBA Mortgage Applications (Previous:-3.8%): Change in new mortgage applications, indicating housing market health.
• 7:00 AM ET - MBA Purchase Index (Previous:155.6): Indicator of impending home sales.
• 7:00 AM ET - Mortgage Market Index (Previous:245.7): Covers all mortgage applications during the week.
• 7:00 AM ET - Mortgage Refinance Index (Previous:739.3): Gauge of mortgage refinancing activity.
• 10:30 AM ET - EIA Weekly Refinery Utilization Rates (Previous:-0.1%)
• 10:30 AM ET - EIA Weekly Heatoil Stock (Previous:0.739M)
• 10:30 AM ET - EIA Weekly Gasoline Production (Previous:0.676M)
• 10:30 AM ET - Gasoline Inventories (Previous:-2.724M): Change in commercial gasoline barrels held in inventory.
• 10:30 AM ET - EIA Weekly Distillates Stocks (Previous:3.635M): Overview of US petroleum demand.
• 10:30 AM ET - EIA Weekly Distillate Fuel Production (Previous:0.130M)
• 10:30 AM ET - EIA Weekly Crude Imports (Previous:1.317M)
• 10:30 AM ET - EIA Refinery Crude Runs (Previous:-0.025M)
• 2:00 PM ET - Fed Collins Speaks
• 2:00 PM ET - Fed Governor Cook Speaks
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.