Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
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 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Gold prices reversed early gains and moved lower during Asian trading on Thursday, pressured by a strengthening U.S. dollar and reduced demand for safe-haven assets. Investor focus has shifted toward upcoming central bank meetings and key U.S. labor market data, prompting traders to favor the greenback over precious metals.
Spot gold declined 1.1% to $4,912.26 per ounce by 21:17 ET (02:17 GMT), while April gold futures slipped 0.4% to $4,929.25 per ounce. The pullback followed a strong rebound on Wednesday, when spot prices climbed as high as $5,092.31 before falling back below the psychologically important $5,000 level by the end of the session.
One major factor weighing on gold prices was easing geopolitical tension. The United States and Iran confirmed that diplomatic talks are scheduled for Friday, reducing fears of an immediate military escalation in the Middle East. This development cooled safe-haven demand, which had previously supported gold during periods of heightened uncertainty.
A stronger U.S. dollar also contributed to losses in gold and other metals. Currency markets saw increased demand for the greenback ahead of interest rate decisions from the Bank of England and the European Central Bank, both expected later Thursday. Traders are also positioning ahead of the highly anticipated U.S. nonfarm payrolls report due Friday, which could influence expectations around future interest rate policy.
Dollar strength was further supported by political developments in the United States after President Donald Trump nominated Kevin Warsh as the next Federal Reserve chair. Warsh is widely viewed as less dovish, with markets anticipating tighter monetary policy even if interest rates eventually decline.
Other precious metals followed gold lower. Spot silver dropped sharply, falling 6.9% to $82.3130 per ounce after posting a strong rally in the previous session. Despite its strong performance in recent months due to industrial demand, silver has faced increased volatility amid profit-taking and dollar gains. Spot platinum fell 3% to $2,167.59 per ounce, while benchmark copper futures on the London Metal Exchange eased 0.6% to $12,986 per tonne.
Overall, precious metal prices remain sensitive to currency movements, central bank signals, and global economic data, keeping investors cautious in the near term.
