Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
German Industry Employment Falls to Lowest Level in a Decade 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Gold and silver prices edged lower on Tuesday, extending losses from the previous session as investors turned cautious ahead of major U.S. economic data releases and the Federal Reserve’s January meeting minutes. Thin trading volumes due to market holidays in both China and the United States contributed to subdued activity, while a stronger U.S. dollar added pressure on precious metals.
Spot gold declined 0.3% to $4,978.39 per ounce, while April gold futures also fell 0.3% to $4,996.69 per ounce. Silver prices experienced sharper losses, with spot silver down 0.9% to $76.0400 per ounce. In contrast, platinum prices bucked the trend, rising 0.5% to $2,030.61 per ounce.
The modest rebound in the U.S. dollar weighed heavily on gold and silver, as a stronger greenback typically makes dollar-denominated commodities more expensive for overseas buyers. At the same time, safe-haven demand remained present amid geopolitical tensions, particularly surrounding upcoming nuclear talks between the United States and Iran. Reports suggest Washington is increasing military pressure on Tehran in an effort to secure a diplomatic agreement, keeping investors on edge.
Market attention is now firmly focused on upcoming U.S. economic indicators. Industrial production data is scheduled for release on Wednesday, alongside the Federal Reserve’s meeting minutes, which could offer fresh insights into policymakers’ stance on inflation and interest rates. Later in the week, the Personal Consumption Expenditures price index, the Fed’s preferred inflation gauge, will be closely monitored for signals on future monetary policy.
Recent uncertainty around U.S. interest rate policy has weighed on gold prices, especially following President Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve Chair. Warsh is widely seen as less dovish, prompting profit-taking after gold surged to record highs in January. Meanwhile, mixed economic data showed cooling inflation alongside improving labor market conditions, further complicating the outlook for precious metals investors.
