Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
Trump Questions USMCA Renewal as Trade Talks Continue 
German Industry Employment Falls to Lowest Level in a Decade 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Gold prices extended gains in Asian trading on Tuesday, marking a fourth consecutive session of advances as investors reacted to escalating geopolitical tensions in the Middle East. Safe-haven demand remained strong, although a firmer U.S. dollar limited further upside in the precious metals market.
Spot gold climbed 1.1% to $5,378.55 per ounce by 20:26 ET (01:26 GMT), while U.S. gold futures jumped 1.5% to $5,390.06. The yellow metal had already gained 1% in the previous session, reflecting sustained investor interest amid rising global uncertainty.
The rally in gold prices was largely driven by intensifying conflict in West Asia. Over the weekend, U.S. and Israeli forces carried out large-scale military strikes on Iran, reportedly killing Supreme Leader Ayatollah Ali Khamenei and several senior commanders. In response, Iran launched missile attacks across the region, raising fears of a prolonged and wider conflict. Israeli strikes on Lebanon following Hezbollah attacks, along with reports of Kuwaiti air defenses mistakenly downing U.S. jets, further heightened regional instability.
U.S. President Donald Trump indicated that military operations could continue for several weeks, acknowledging uncertainty within Iran’s leadership after Khamenei’s death. The growing risk of extended geopolitical turmoil has reinforced gold’s role as a safe-haven asset during times of crisis.
Additional support for bullion came from surging oil prices. Iran has threatened to target vessels transiting the Strait of Hormuz, a critical route for global oil supplies. Concerns over potential supply disruptions have lifted crude prices and fueled inflation expectations, both of which typically benefit gold.
However, gains in gold were partially capped by a stronger U.S. dollar. The U.S. Dollar Index rose 0.2% during Asian hours after surging 0.8% in the previous session to its highest level since late January. A stronger greenback makes gold more expensive for international buyers, tempering demand.
In other precious metals trading, silver rose 1.6% to $90.75 per ounce, while platinum added 0.5% to $2,321.06 per ounce, reflecting broader strength across the commodities market.
