Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
US Stock Futures Recover as Iran Signals Progress in Peace Talks 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Gold prices edged higher in Asian trade on Friday, supported by renewed safe haven demand after U.S. President Donald Trump announced plans to impose a 35% tariff on Canada starting August 1. The move, which exceeded previous threats and surprised Ottawa amid thawing trade relations, triggered risk-off sentiment across markets. Geopolitical tensions in the Middle East also helped lift demand for havens like gold and the Japanese yen.
Spot gold rose 0.5% to $3,341.27 an ounce, while gold futures for September gained 0.9% to $3,354.60. Despite Friday’s gains, gold remained range-bound between $3,300 and $3,500, pressured by a stronger dollar and ongoing speculation over the U.S. interest rate outlook.
Silver and platinum continued to outperform gold, posting strong weekly gains. Silver futures rose 2.2% to $38.14 an ounce, marking their highest level in nearly 14 years and a third consecutive week of gains. Platinum futures gained 0.3% to $1,420.25, nearing an 11-year high and extending their weekly win streak to six, driven by tight supply concerns and bullish industry forecasts.
In industrial metals, copper prices pulled back after recent highs. COMEX copper futures slipped 1.2% to $5.5620 per pound following profit-taking, despite briefly hitting record levels earlier this week on Trump’s separate threat of a 50% tariff. London Metal Exchange benchmark copper was flat at $9,700.55 per ton.
Overall, while gold regained ground amid geopolitical and trade tensions, silver and platinum continued to shine brighter, fueled by bullish fundamentals and investor interest in alternative precious metals.
