China Home Prices Fall Again in June Despite Slower Pace of Decline 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Gold prices remained stable in Asian trading on Friday, poised for a nearly 2% weekly gain as the U.S. dollar hovered near a four-month low. Investors remained cautious ahead of a key U.S. employment report that could influence Federal Reserve policy.
Spot Gold held at $2,913.57 per ounce, while April Gold Futures inched up 0.1% to $2,920.55. The weaker dollar made gold more attractive to investors, supporting prices.
Trade tensions continued to fuel uncertainty after President Trump initially imposed 25% tariffs on Canadian and Mexican goods, later delaying them under the USMCA agreement. The move added market volatility, boosting demand for safe-haven assets like gold.
Meanwhile, traders awaited U.S. payroll data for insights into the Fed’s interest rate outlook, especially amid persistent inflation concerns.
Other precious metals were subdued. Platinum Futures remained flat at $982.1, while Silver Futures slipped 0.4% to $33.198.
Copper prices, which had hit a three-week high, pulled back as weak Chinese trade data dampened sentiment. London Copper Futures dropped 0.7% to $9,639.25 per ton, while April Copper Futures held slightly higher at $4.7875 per pound.
Markets watched for potential Chinese stimulus measures amid slowing exports and imports. Recent comments from Trump about 25% tariffs on copper imports further weighed on sentiment, raising concerns about global supply chains.
With ongoing trade policy shifts and economic uncertainty, gold remained a key safe-haven asset, while investors looked for further cues from upcoming economic data and potential stimulus measures in China.
