China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures 
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
Gold and Asian Stocks Rebound as Market Volatility Eases and Global Sentiment Improves 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
China Manufacturing PMI Slips Into Contraction in January as Weak Demand Pressures Economy 
Gold prices edged lower in Asian trading on Thursday as risk appetite slightly improved following U.S. President Donald Trump’s comments that it was “highly unlikely” he would fire Federal Reserve Chair Jerome Powell. The reassurance tempered some market fears, reducing safe-haven demand and lifting U.S. equities.
Spot gold dipped 0.2% to $3,342.09 per ounce, while September gold futures fell 0.3% to $3,348.40. Despite the pullback, underlying demand for gold remained supported by persistent uncertainty surrounding Trump’s upcoming tariff plans, which are expected to be enacted in just over two weeks.
Broader precious metals also showed resilience. Platinum inched up to $1,424.55 per ounce, holding above the key $1,400 level, which analysts at ANZ said could indicate further strength. Spot silver gained 0.2% to $37.9945 per ounce. Copper prices were mixed, with LME benchmark futures steady at $9,629.75 per ton and COMEX copper rising slightly to $5.5267 per pound.
The U.S. dollar remained firm near a three-week high, buoyed by sticky inflation data that dampened expectations for near-term rate cuts. Both consumer and producer price indices for June came in hotter than anticipated, reinforcing bets that the Fed will hold interest rates steady at its next meeting. Upcoming U.S. retail sales and jobless claims data are expected to offer further clues on the economic outlook.
Trump’s ongoing criticism of Powell has fueled market anxiety, but his latest comments eased concerns slightly. Still, Trump warned that firing Powell could still be on the table if fraud is found in the Fed’s renovation project. Meanwhile, the Fed has signaled a cautious approach, awaiting further clarity on inflation impacts from Trump’s trade measures.
