European Stocks Rise as Markets Await Key U.S. Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold prices dropped in Asian trading on Monday, pressured by a strong U.S. dollar and fading hopes of near-term interest rate cuts. Spot gold fell 0.7% to $3,312.12 an ounce, while September gold futures slipped 0.8% to $3,320.67. The dollar held firm after last week’s upbeat U.S. payrolls data, which reduced expectations of a Federal Reserve rate cut in July or September.
Market sentiment was further dampened by renewed tariff threats from U.S. President Donald Trump. On Sunday, Trump warned of an additional 10% levy on nations aligned with BRICS, accusing the bloc of anti-American policies. However, the move did little to boost safe haven demand for gold, as Trump also delayed the implementation of new tariffs from July 9 to August 1, giving countries more time for trade negotiations.
Since April, the U.S. has secured only a few trade deals—most notably with the UK, China, and Vietnam—despite Trump’s claim of targeting 90 agreements in 90 days. Meanwhile, the CME FedWatch tool indicated a sharp decline in market bets on upcoming rate cuts, following robust labor market data. Higher interest rates typically support the dollar while weighing on commodities priced in the greenback.
The impact extended across other metals. Platinum futures dropped nearly 2% to $1,381.00 an ounce after a strong June rally. Silver futures declined 0.6% to $36.91. Industrial metals were also under pressure, with London copper futures falling 0.6% to $9,807.10 per ton and U.S. copper futures down 1% to $5.0130 per pound.
Investors remain cautious amid global trade uncertainty and shifting monetary policy expectations, keeping metal prices under pressure heading into the second half of 2025.
