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Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
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Gold Prices Fall as US-Iran Conflict, Rising Oil Prices Fuel Fed Rate Concerns 
South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens 
Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Singapore GDP Grows 5.7% in Q2 2026 as AI-Driven Manufacturing Boosts Economy 
Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears 
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Gold prices rebounded slightly in Asian trading on Tuesday after hitting a one-month low, as investors reacted to escalating geopolitical tensions in the Middle East and renewed efforts by U.S. President Donald Trump to secure shipping routes through the Strait of Hormuz. Spot gold increased by 0.4% to $4,539.75 per ounce, while U.S. gold futures for June delivery climbed 0.3% to $4,548.10.
Despite this modest recovery, the precious metal remains under pressure following a sharp decline of more than 2% in the previous session, marking its lowest level since late March. Ongoing conflict between the United States and Iran continues to dominate market sentiment, particularly after both nations launched fresh attacks targeting control of the strategically vital Strait of Hormuz, a key artery for global oil shipments.
The U.S. military reported the destruction of six Iranian attack boats during recent clashes, while Iran escalated the situation by striking the United Arab Emirates. A major oil facility at Fujairah port was set ablaze after missile and drone strikes, raising concerns over potential disruptions in global energy supply chains.
Trump’s “Project Freedom,” aimed at restoring safe passage for vessels in the region, has offered some optimism to markets. However, uncertainty surrounding further military escalation has kept investors cautious. Typically, geopolitical instability boosts demand for safe-haven assets like gold, but rising oil prices have complicated the outlook.
Higher crude oil prices have fueled inflation concerns, prompting an increase in global bond yields. This shift reduces the attractiveness of non-yielding assets such as gold, limiting its upward momentum. As a result, gold prices have struggled to gain traction and are down more than 10% since the conflict intensified in late February.
Other precious metals also saw gains, with silver rising 0.4% to $72.99 per ounce and platinum advancing 1.4% to $1,973.75. Investors continue to monitor developments in the Middle East, as both geopolitical risks and macroeconomic factors like inflation and interest rates play a crucial role in shaping the direction of gold and commodity markets.
