Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Trump Questions USMCA Renewal as Trade Talks Continue 
German Industry Employment Falls to Lowest Level in a Decade 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Gold prices declined in Asian trading on Friday, with spot gold dropping 0.8% to $3,214.90 per ounce and June futures down 0.3% to $3,217.65. The precious metal is on track for its steepest weekly loss since November 2024, falling about 3.2% as easing tensions between the U.S. and China reduced demand for safe-haven assets.
The recent agreement between Washington and Beijing to temporarily lower trade tariffs boosted global risk appetite, prompting a rally in equities and risk-driven assets. This shift in sentiment led traders to lock in profits from gold’s recent record highs. Additionally, strength in the U.S. dollar and rising Treasury yields applied further downward pressure on gold prices.
Despite the decline, gold remains above the key $3,000/oz level. Market participants are cautiously awaiting a more definitive trade resolution between the U.S. and China, while soft U.S. economic data continues to cloud the growth outlook.
Other precious metals also faced losses. Platinum futures fell 0.5% to $989.90/oz, and silver futures slipped 0.3% to $32.593/oz, both set for weekly declines alongside gold.
In the industrial metals segment, copper prices edged lower on Friday. London Metal Exchange copper dipped 0.2% to $9,567.30 per ton, and U.S. copper futures also lost 0.2% to $4.6695 per pound. Despite the dip, copper held onto weekly gains driven by optimism over China’s economic prospects.
Traders now look ahead to key Chinese economic indicators, including industrial production and retail sales data due Monday, followed by the People’s Bank of China’s loan prime rate decision on Tuesday, which could signal further stimulus measures.
