German Industry Employment Falls to Lowest Level in a Decade 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
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 
Gold prices climbed in Asian trading on Wednesday as geopolitical tensions and a softer U.S. dollar spurred demand for safe-haven assets. Spot gold rose 0.4% to $3,302.02 per ounce, while June gold futures gained 0.6% to $3,303.62.
The uptick followed a CNN report that Israel is preparing for a potential strike on Iran’s nuclear facilities, citing unnamed U.S. officials. While no final decision has been made, observed military movements suggest active planning. A strike would likely escalate Middle East tensions, drawing sharp retaliation from Iran and disrupting global markets. This heightened geopolitical risk boosted inflows into traditional safe havens like gold and the Japanese yen.
Gold also benefited from ongoing concerns about U.S. fiscal stability. Moody’s recently downgraded the U.S. sovereign credit rating, citing growing debt and excessive government spending. Additionally, uncertainty around U.S. trade negotiations and hawkish comments from Federal Reserve officials pressured the U.S. dollar, further supporting gold and other dollar-priced commodities.
Despite the Fed’s stance against near-term rate cuts, economic headwinds and geopolitical instability have helped gold stay above the $3,000 mark. The metal now trades less than $200 below its all-time high set earlier this month.
Other precious metals showed mixed performance. Platinum futures dipped 1% to $1,050.50 per ounce, while silver futures edged up 0.2% to $33.255. Industrial metals also saw gains, with London copper futures rising 0.4% to $9,559.25 per ton and U.S. copper futures climbing 0.4% to $4.6928 per pound.
The combination of geopolitical stress, dollar weakness, and cautious economic outlook continues to support bullish sentiment in the gold market. Investors remain watchful for further developments in the Middle East and U.S. fiscal policy.
