Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Gold prices edged higher on Monday in Asian trading as the U.S. dollar weakened, while uncertainty over trade tariffs and geopolitical tensions supported safe-haven demand. Spot gold gained 0.3% to $2,865.69 per ounce, while April gold futures climbed 0.9% to $2,873.59.
The U.S. dollar slipped 0.4%, retreating from a two-week high amid uncertainty surrounding additional tariffs. President Donald Trump confirmed a 10% tariff increase on China and reaffirmed 25% levies on Mexico and Canada. However, U.S. Commerce Secretary Howard Lutnick stated that final tariff decisions would be made on Tuesday.
Meanwhile, stalled talks between Ukrainian President Volodymyr Zelenskyy and Trump raised concerns over prolonged geopolitical instability, further bolstering gold’s appeal. A weaker dollar also lifted other precious metals—platinum futures jumped 1.2% to $949.10, while silver futures climbed 0.7% to $31.73.
Economic data added to market speculation about future Federal Reserve policy. U.S. consumer sentiment dipped 0.2% in January, marking its first decline in nearly two years. The Atlanta Fed projected a 1.5% annualized economic growth rate for Q1 2025, down from 2.3% in the prior quarter. While expectations for rate cuts rose, inflation remained firm, with the Fed’s preferred PCE price index increasing 0.3% in January, the same as in December.
Copper prices saw modest gains, supported by a weaker dollar and strong manufacturing data from China. The Caixin PMI hit a three-month high, signaling better-than-expected factory activity. Benchmark copper futures on the London Metal Exchange edged up 0.3% to $9,985.70 per ton, while April copper futures hovered at $4.5595 per pound.
