Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Gold prices steadied in Asian trading on Tuesday as safe haven demand rose following U.S. President Donald Trump’s tariff threats, though a stronger U.S. dollar capped gains. Spot gold dipped slightly to $3,334.22 per ounce, while September futures hovered at $3,343.70 by 01:22 ET.
On Monday, gold advanced after Trump issued letters proposing steep tariffs on several major Asian and African economies. However, he also extended the tariff deadline to August 1 and hinted at further trade talks, boosting investor risk appetite and limiting gold’s upside. Stocks in Asia climbed, while Wall Street futures reversed early losses.
Despite this, Trump’s tariff proposals included a 25% levy on South Korea, Japan, Malaysia, and Kazakhstan, and up to 36% on Thailand, contributing to market jitters. These mixed signals left gold trading within a narrow range, though the metal remains near its $3,500 record high set earlier this year.
Meanwhile, the U.S. dollar strengthened overnight following the tariff announcement and solid U.S. economic data, which reduced expectations of near-term interest rate cuts by the Federal Reserve. Although the greenback eased slightly in Asian trade, it continued to pressure metal prices.
Silver futures rose 0.3% to $37.008, and platinum edged up 0.1% to $1,383.75, both near multi-year highs. Copper prices also gained, with LME copper up 0.2% at $9,839.80 per ton, and U.S. copper futures rising 0.4% to $5.0260 per pound.
Investors now await the minutes from the Fed’s June meeting, due later this week, for further clues on monetary policy. The central bank maintained a hawkish tone at the time, signaling hesitation toward additional rate cuts despite persistent global trade uncertainties.
