Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold prices slipped slightly in Asian trading Monday, pressured by a stronger U.S. dollar following American military strikes on key Iranian nuclear sites. The geopolitical escalation in the Middle East shifted safe-haven demand away from gold and toward the greenback, which rose over 0.3% against a basket of major currencies.
Spot gold dipped 0.2% to $3,360.11 per ounce, while gold futures fell 0.3% to $3,374.72 by 01:08 ET. Despite the drop, gold remained supported by gains earlier in June, driven by heightened demand during the Israel-Iran conflict.
The U.S. attack, ordered by President Donald Trump, targeted three Iranian nuclear facilities, with Trump claiming it significantly set back Tehran’s nuclear ambitions. Iranian officials denied the allegations, but tensions soared as Iran vowed retaliation. Concerns grew over a potential Iranian move to block the Strait of Hormuz, a critical oil shipping route, fueling a surge in global oil prices.
Rising energy prices revived inflation fears, reducing expectations for near-term U.S. interest rate cuts and supporting dollar strength—further weighing on gold. Market focus now turns to comments from Federal Reserve Chair Jerome Powell, who is scheduled to testify before Congress this week, potentially offering more guidance on future monetary policy.
Other precious metals also eased. Platinum futures slipped 0.1% to $1,263.15 per ounce, retreating from a recent four-year high, while silver edged up 0.1% to $36.05, hovering near a 13-year peak. In industrial metals, London copper futures fell 0.1% to $9,643.15 per ton, and U.S. copper futures declined 0.3% to $4.820 per pound.
The broader retreat in metals highlights investor caution amid intensifying geopolitical risks and monetary policy uncertainty.
