European Stocks Volatile as U.S.-Iran Tensions Threaten Oil Supply and Global Markets 
Asian Currencies Hold Steady as RBA Rate Hike and Middle East Tensions Shape Market Sentiment 
Middle East Conflict Impacts Australia and New Zealand Businesses 
Dollar Holds Firm as Asian Currencies Stabilize Amid Middle East Tensions and Rate Uncertainty 
US Moves to Secure Gulf Shipping Amid Rising Tensions with Iran 
Yen Stabilizes After Suspected Intervention as Global Currency Markets Stay Cautious 
Asian Currencies Rise as Middle East Tensions Ease, South Korean Won Surges After Inflation Data 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
Asian Stocks Rise Slightly as Oil Prices Hold Steady Amid Middle East Uncertainty 
Asian Stocks Rally as Iran War Fears Ease and AI Boom Lifts South Korea 
Trump Plans 25% Tariff on EU Car Imports Amid Rising U.S.-EU Trade Tensions 
Oil Prices Slide as Middle East Tensions Ease and U.S. Crude Inventories Shrink 
Asian Stocks Rise as South Korea Hits Record High on AI Chip Rally 
Yen Volatility and Middle East Tensions Drive Dollar Strength in FX Markets 
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
Iran Warns No Military Fix for Hormuz Crisis as Talks Show Progress 
Oil Prices Hold Above $100 Amid Strait of Hormuz Tensions and U.S.-Iran Uncertainty 
Gold prices climbed during Asian trading on Wednesday as a softer U.S. dollar and declining oil prices supported investor demand for the precious metal. Market sentiment improved after signs of easing tensions in the Middle East reduced immediate concerns over rising inflation and supply disruptions.
Spot gold increased 1.8% to $4,637.14 per ounce, while U.S. Gold Futures for June delivery gained 1.7% to $4,647.31. The precious metal had already posted nearly a 1% gain in the previous trading session, continuing its upward momentum in global commodity markets.
Investor focus shifted after U.S. President Donald Trump announced that Washington would temporarily halt operations aimed at restoring commercial shipping through the Strait of Hormuz. Trump also indicated that a potential agreement with Iran could be reached soon, signaling a move toward diplomacy after days of heightened geopolitical tensions.
Earlier this week, fears of conflict escalation intensified after the launch of the “Project Freedom” initiative, which aimed to secure maritime routes through the Strait of Hormuz. Iran’s military response pushed oil prices sharply higher, raising concerns about global inflation and possible prolonged supply disruptions.
However, oil prices fell during Asian trading following Trump’s latest comments, easing inflation worries and helping support gold prices. Lower crude oil prices reduced expectations that central banks, particularly the U.S. Federal Reserve, would need to maintain higher interest rates for an extended period. Since gold is a non-yielding asset, lower interest rate expectations typically strengthen demand for bullion.
The weaker U.S. dollar also contributed to gold’s gains, making the metal more affordable for international buyers. The U.S. Dollar Index (DXY) slipped 0.2% during early Asian trading hours.
Other precious metals also advanced, with silver prices surging 3% to $75.08 per ounce, while platinum rose 1.7% to $1,990.72 per ounce.
