Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Gold prices declined during Asian trading on Thursday, pulling back from three consecutive record-high sessions as easing geopolitical tensions and reassurance over U.S. monetary policy reduced safe-haven demand. Spot gold fell 0.8% to $4,588.55 per ounce, while U.S. gold futures edged down 0.3% to $4,594.10 by early Asian hours. The pullback came after gold reached an all-time high of $4,642.72 per ounce in the previous session, driven by heightened global uncertainty.
The broader precious metals market saw steeper losses, with silver prices plunging nearly 6% to $87.74 per ounce and platinum falling 4% to $2,309.52. The sharp declines reflected profit-taking after a strong rally that pushed prices well above key technical levels, prompting traders to lock in gains.
Gold’s recent surge had been fueled by fears that escalating unrest in Iran could lead to U.S. military involvement and destabilize the Middle East, alongside concerns about political pressure on the U.S. Federal Reserve. However, sentiment shifted after U.S. President Donald Trump signaled a softer stance on Iran, stating that he had been assured Iranian authorities would curb violence against protesters and that there were no plans for large-scale executions. These comments reduced expectations of an immediate U.S. response, easing geopolitical risk premiums that had supported gold prices.
Additional pressure came after Trump sought to calm markets regarding the Federal Reserve. In comments to Reuters, he said he had no intention of firing Fed Chair Jerome Powell, despite ongoing scrutiny, helping ease investor concerns about the central bank’s independence and future policy direction.
Despite the decline, gold remains supported by expectations of U.S. interest rate cuts later this year, ongoing geopolitical risks, and strong central bank demand. Lower interest rates typically boost gold prices by reducing the opportunity cost of holding the non-yielding asset, suggesting that bullion could remain resilient even after the latest pullback.
