Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
German Industry Employment Falls to Lowest Level in a Decade 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Trump Questions USMCA Renewal as Trade Talks Continue 
Gold prices rebounded modestly in Asian trading on Wednesday after slipping in the previous session due to profit-taking, as investors weighed the impact of newly imposed U.S. tariffs and monitored upcoming U.S.-Iran nuclear talks. Spot gold climbed 0.8% to $5,184.55 per ounce, while U.S. gold futures advanced 0.5% to $5,203.10 per ounce. The precious metal had declined 1.6% on Tuesday, ending a four-day winning streak.
Market sentiment remains sensitive to trade policy developments. The United States began enforcing a temporary 10% global import tariff on Tuesday, with the Trump administration reportedly working toward raising the levy to 15%. The move follows a U.S. Supreme Court decision last week that struck down earlier broad tariffs imposed under emergency powers, prompting officials to reintroduce duties under alternative legal authority. The renewed tariff strategy has fueled concerns over global trade stability and rising inflation, both key drivers for gold prices.
Geopolitical risks are also supporting safe-haven demand. The U.S. and Iran are scheduled to hold a third round of nuclear talks in Geneva on Thursday, keeping investors cautious. Heightened geopolitical tensions typically increase demand for gold as a hedge against uncertainty.
However, gains in the yellow metal were limited by expectations that U.S. interest rates will remain elevated for longer. Two Federal Reserve officials indicated little urgency to adjust monetary policy, reinforcing a higher-for-longer rate outlook. Elevated interest rates generally pressure non-yielding assets like gold by increasing the opportunity cost of holding them.
A stronger U.S. dollar further capped gold’s upside. The U.S. Dollar Index remained steady after rising 0.1% in the previous session, making dollar-denominated commodities more expensive for international buyers.
Among other precious metals, silver prices surged 1.6% to $88.59 per ounce, while platinum gained 2.3% to $2,224.60 per ounce, reflecting broader strength across the metals market.
