German Industry Employment Falls to Lowest Level in a Decade 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Trump Questions USMCA Renewal as Trade Talks Continue 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
US Stock Futures Recover as Iran Signals Progress in Peace Talks 
Gold prices declined in Asian trading on Wednesday, pressured by improving US-China trade relations and weaker-than-expected US inflation data. Spot gold dropped 0.7% to $3,228.95 per ounce, while June gold futures fell 0.5% to $3,232.24 per ounce.
The decline follows the release of US Consumer Price Index (CPI) data on Tuesday, which came in below expectations, reducing fears of runaway inflation. Lower inflation readings typically dampen the appeal of gold, a traditional hedge against rising prices.
Market sentiment was further boosted after the US and China agreed on Monday to temporarily reduce tariffs to 30% and 10%, respectively, for a 90-day period. The easing of trade tensions lessened global recession concerns and shifted investor interest toward risk assets. US President Donald Trump also indicated he may personally engage with Chinese President Xi Jinping to finalize a trade deal, adding to optimism.
Despite the positive trade developments, some investors remained cautious, wary of a possible inflation rebound once tariffs are reinstated. This uncertainty over future Federal Reserve rate decisions weighed on bullion, which tends to perform better in low-interest environments due to lower opportunity costs.
The US Dollar Index remained largely flat during Asian trading hours, offering little support for gold prices.
Other precious metals also saw mixed movement. Silver futures declined 0.6% to $32.915 per ounce, while platinum futures gained 0.5% to $995.45 per ounce.
Copper prices inched higher, supported by hopes that trade de-escalation would boost demand from China, the world’s largest copper consumer. Benchmark copper futures on the London Metal Exchange rose 0.2% to $9,623.65 per ton, while July copper futures added 0.1% to $4.7125 per pound, with traders awaiting key US Producer Price Index (PPI) data for further inflation cues.
