India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data 
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Gold prices remained steady in Asian trade on Wednesday, consolidating sharp gains from earlier this week as rising U.S. fiscal deficit concerns and trade policy uncertainty bolstered safe-haven demand. Spot gold hovered at $3,337.25 an ounce, while August gold futures dipped slightly by 0.1% to $3,347.40/oz by 01:52 ET (05:52 GMT). Bullion has gained over 2% so far this week, reversing last week's losses triggered by the Israel-Iran ceasefire that temporarily dampened geopolitical risks.
The latest boost to gold came after the U.S. Senate narrowly passed President Donald Trump’s sweeping tax-and-spending bill, which is projected to add $3.3 trillion to the national debt. The bill, targeting tax cuts and increased military and immigration enforcement funding, now moves to the House for final approval ahead of a potential July 4 signing. Fears over the growing fiscal deficit have revived investor interest in safe-haven assets like gold.
Meanwhile, the market is closely watching Federal Reserve signals. Chair Jerome Powell reiterated a cautious stance on rate policy, saying the Fed would assess tariff impacts before adjusting interest rates. His comments were perceived as moderately dovish, with traders now eyeing Thursday’s U.S. nonfarm payrolls report for further clues on a potential July rate cut. A rate reduction in September is already widely anticipated.
Adding to gold’s support is mounting uncertainty around Trump’s July 9 tariff deadline. Trump reiterated there would be no extension and warned trading partners of impending tariff notifications. While he hinted at possible progress with India, he expressed skepticism about a deal with Japan.
Elsewhere in metals, silver held steady at $36.05/oz, platinum inched up 0.2% to $1,369.05, and copper gained with LME futures rising 0.4% to $9,968.65 a ton.
