Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
China Inflation Accelerates in August as CPI, PPI Rise 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
China to Inject $45 Billion Into State Financial Institutions 
South Korea GDP Surges on Chip and AI Boom 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Gold Prices Rise as Yen Rally Weakens Dollar 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Add as a preferred source on Google
Gold prices held steady in Asian trade on Wednesday, trading within a narrow range as investor sentiment improved on speculation over upcoming talks between U.S. President Donald Trump and Chinese President Xi Jinping. Spot gold remained flat at $3,353.71 an ounce, while August gold futures edged to $3,377.72 by 00:51 ET (04:51 GMT).
Despite a slight boost in risk appetite, demand for safe-haven assets like gold remained resilient due to ongoing uncertainty in the U.S. economy. Market caution persisted after Trump doubled tariffs on steel and aluminum, and concerns were further heightened by a breakdown in U.S.-Iran nuclear negotiations and escalating military tension between Russia and Ukraine. Notably, a Ukrainian underwater attack on a key Russian bridge to Crimea added to geopolitical stress.
Although hopes for renewed U.S.-China trade talks have slightly dampened demand for gold, the metal continues to attract strong bids amid skepticism over a lasting trade agreement. Gold prices are up nearly 2% this week, underlining persistent investor caution.
Meanwhile, the U.S. dollar regained some strength, supported by upcoming nonfarm payroll data and expectations that the Federal Reserve will hold interest rates steady. A firmer dollar typically weighs on metal prices, but some resilience was seen across the board. Platinum futures rose 0.4% to $1,079.40 per ounce, while silver futures held at $34.618.
Copper prices also saw modest gains, buoyed by optimism that improving U.S.-China relations could ease economic pressure on China, the world’s largest copper consumer. London Metal Exchange copper futures rose 0.2% to $9,643.10 a ton, while U.S. copper futures matched the rise at $4.8750 per pound.
