Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
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 Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Gold prices remained largely unchanged during Asian trading on Thursday as investors awaited a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing. Market participants are closely watching the summit for developments related to U.S.-China trade relations, the Iran conflict, and ongoing global supply chain disruptions.
Spot gold held steady at $4,691.12 per ounce, while U.S. gold futures slipped 0.2% to $4,697.97. The precious metal had already declined over the previous two sessions as traders adopted a cautious approach ahead of the talks between the world’s two largest economies.
Despite some support from geopolitical tensions in the Middle East, gold prices faced pressure from stronger-than-expected U.S. inflation data and a firmer U.S. dollar. Concerns surrounding disruptions near the Strait of Hormuz, a vital oil shipping route, continued to fuel fears of rising global energy costs and supply shortages.
Recent U.S. economic data showed producer prices rising at their fastest pace since 2022, while consumer inflation also accelerated due to higher energy prices linked to the Iran conflict. The inflation surge strengthened expectations that the Federal Reserve may keep interest rates elevated for a longer period, reducing demand for non-yielding assets such as gold.
Meanwhile, the U.S. Dollar Index hovered near a two-week high, making gold more expensive for international buyers and limiting further gains in bullion prices.
Oil prices staying above $100 per barrel also remained a major concern for financial markets, as investors worried prolonged supply issues in the Gulf region could intensify inflationary pressures worldwide.
In addition, India recently increased import duties on gold and silver to curb overseas purchases and protect foreign exchange reserves. The decision may weaken physical demand in one of the world’s largest gold-consuming countries.
Elsewhere in the precious metals market, silver gained 0.1% to $87.66 per ounce, while platinum rose 0.3% to $2,141.60 per ounce.
