Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
China Inflation Accelerates in August as CPI, PPI Rise 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Asian Stocks Mixed as Korean Chipmakers Rally 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
China to Inject $45 Billion Into State Financial Institutions 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
South Korea GDP Surges on Chip and AI Boom 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
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Gold prices stabilized in Asian markets on Tuesday, following a pullback triggered by mixed signals around the Israel-Iran conflict and U.S. involvement. Spot gold edged up 0.2% to $3,392.25 per ounce, while August gold futures slipped 0.2% to $3,410.70.
Monday saw bullion surge above $3,450 before reversing, as reports of Iran seeking a ceasefire sparked risk-on sentiment. However, Iran later denied any intention to negotiate under Israeli attacks. U.S. President Donald Trump intensified concerns with a stark warning to “immediately evacuate Tehran,” though the White House clarified the U.S. would not engage directly in the conflict.
Despite the heightened geopolitical risk, reports from Axios suggested Washington is still pursuing diplomatic talks with Tehran regarding both a ceasefire and the nuclear deal, though no date has been confirmed. Uncertainty over Middle East developments continues to influence gold market direction.
Meanwhile, broader precious and industrial metals were under pressure as investors await the Federal Reserve’s policy decision. The Fed is expected to keep rates unchanged, but traders are watching Chair Jerome Powell’s comments for signals on future monetary policy.
Among other metals, silver rose 0.2% to $36.503 per ounce, while platinum dipped 0.1% to $1,239.90. Copper prices weakened, with London futures down 0.4% to $9,674.75 per ton, and U.S. copper flat at $4.8163 per pound. Despite a softer U.S. dollar, sentiment remained cautious ahead of the Fed announcement.
Citi analysts warned that gold could drop below $3,000 in the coming quarters as the current rally loses momentum. Investor demand for safe-haven assets like gold may also decline if geopolitical tensions ease and interest rates remain elevated.
