Japan, U.S. Stay Aligned on Yen as Currency Surges 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
UK House Prices Fall for First Time Since 2023 
China to Inject $45 Billion Into State Financial Institutions 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
China Inflation Accelerates in August as CPI, PPI Rise 
Asian Stocks Mixed as Korean Chipmakers Rally 
South Korea GDP Surges on Chip and AI Boom 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Jefferies Names 6 Top India Stock Picks Across Key Sectors 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
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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.
