Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
Canada and Germany Advance Major LNG Supply Partnership 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
Gold prices soared to a record high above $3,100 per ounce on Thursday, driven by heightened safe-haven demand after U.S. President Donald Trump announced sweeping 25% tariffs on all automobile imports, starting April 3. The move triggered global market jitters, with stocks in the U.S. and Asia posting sharp losses, prompting investors to flock to gold amid growing fears of a broader trade war.
Spot gold rose 1.2% to $3,056.60 an ounce, after hitting an all-time high of $3,059.30. Gold futures for May delivery climbed 1.5% to settle at $3,099.20, having touched a new record of $3,102 earlier in the day.
Goldman Sachs boosted its 2025 gold price forecast to $3,300 per ounce from $3,100, citing stronger-than-expected demand from central banks, particularly in Asia, and increased ETF inflows. The firm sees gold potentially reaching $3,680 per ounce by year-end 2025 if economic uncertainty and geopolitical risks persist.
Trump’s latest trade measures are set to impact major economies including Japan, South Korea, and the EU, while also pushing U.S. car prices higher — a move that could add inflationary pressure. Additional tariffs targeting key imports like semiconductors, pharmaceuticals, and industrial metals are expected to be announced on April 2.
Global backlash from countries such as China, Canada, and Mexico raises the risk of retaliatory tariffs, further fueling fears of a global trade war and economic slowdown — both bullish for gold.
Other precious metals also rallied, with silver jumping 3.2% to $35.32/oz and platinum rising 2.07% to $989.40/oz. Meanwhile, copper futures slipped, despite ongoing concerns over tighter supply due to potential U.S. import restrictions.
