South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
Japan, U.S. Discuss Yen Weakness as Currency Intervention Concerns Grow 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Gold prices slipped in Asian trading on Monday, retreating from record highs amid signs of easing U.S.-China trade tensions. Spot gold dropped 0.8% to $3,292.75 per ounce by 01:54 ET (05:54 GMT), while June gold futures edged up 0.2% to $3,303.77 per ounce.
Market sentiment shifted after media reports indicated China exempted certain U.S. imports from its retaliatory 125% tariffs. President Donald Trump said last week that tariff negotiations were underway and that he had spoken with Chinese President Xi Jinping. However, U.S. Treasury Secretary Scott Bessent later contradicted Trump, saying he was unaware of any ongoing talks, while Chinese officials also denied recent discussions.
Investors remained cautious ahead of a key batch of U.S. economic data this week, including April’s jobs report, first-quarter GDP figures, and the Federal Reserve’s preferred inflation measure, the PCE price index. These indicators will likely influence expectations for future interest rate moves as the Fed maintains a cautious stance amid global uncertainty. The U.S. Dollar Index was little changed on Monday.
In other metals, silver futures slipped 0.6% to $32.807 per ounce, while platinum futures rose 0.5% to $977.55 per ounce.
Copper prices also edged lower, with London Metal Exchange copper futures falling 0.2% to $9,389.0 a ton and May copper futures declining 0.4% to $4.8737 per pound. However, hopes for additional economic stimulus from China, the world’s largest copper importer, helped limit losses. Chinese media reported that Beijing remains confident in achieving its 5% annual growth target, potentially boosting demand for industrial metals.
