Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
South Korea GDP Surges on Chip and AI Boom 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
UK House Prices Fall for First Time Since 2023 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Add as a preferred source on Google
Gold prices slipped in Asian trading on Monday, retreating from last week’s gains, as the U.S. dollar strengthened. Spot gold fell 0.7% to $2,752.09 per ounce, while February Gold Futures declined 0.8% to $2,783.22. Last week, gold surged nearly 3% following U.S. tariff tensions and President Donald Trump’s demand for a rate cut.
The dollar’s rise came after Trump imposed a 25% tariff on Colombian imports, following a diplomatic standoff with Colombia’s President Gustavo Petro over deportation policies. Although Trump paused the tariffs after Petro’s compromise, the uncertainty boosted the U.S. Dollar Index by 0.3%. A stronger dollar typically pressures gold prices as it raises the cost for international buyers.
Investors remain cautious ahead of the Federal Reserve’s policy meeting this week. The Fed is expected to keep interest rates steady, with markets anticipating the first rate cut by mid-2025. Higher rates generally weigh on gold, making interest-bearing assets more appealing.
Other precious metals also declined due to the stronger dollar. Platinum Futures dropped 1.1% to $961.20 per ounce, while Silver Futures slid 1.7% to $30.655. Copper, which hit a two-month high last Friday amid optimism over U.S.-China trade, also fell. London Metal Exchange Copper Futures dropped 0.5% to $9,230.50 a ton, while February Copper Futures slipped 1.1% to $4.275 per pound.
Market sentiment remains focused on the Fed’s decision and ongoing geopolitical tensions, keeping gold and other metals under pressure.
