Canada Opens Gordie Howe Bridge Without U.S. Officials as Trump Tariff Tensions Persist 
Oil Prices Extend Slide as U.S.-Iran Talks Ease Middle East Supply Fears 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Brazil Challenges Trump Tariffs at WTO Over Trade Dispute 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
India to Continue U.S. Trade Talks After Trump Imposes 10% Import Tariff 
Asian Stocks Rise as Oil Falls, Fed and Big Tech Earnings Take Center Stage 
Asian Markets Rise as Oil Prices Fall Ahead of Fed, BOE, BOJ Meetings 
European Natural Gas Prices Sink as Middle East Tensions Ease, Oil Slumps 
Dollar Holds One-Month High as Fed Rate Hike Bets Grow, Yen Remains Under Pressure 
Asian Stocks Sink as AI Spending Fears and China Chip Advances Hit Tech Shares 
Wall Street Ends Mixed as Fed Decision, Earnings and Tariffs Keep Investors on Edge 
US Stock Futures Slip Ahead of Big Tech Earnings, Fed Decision as Nvidia Leads Chip Selloff 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
South Korean Chip Stocks Plunge as AI Spending Concerns and China Competition Shake Market 
Gold prices edged lower on Tuesday as the U.S. dollar hovered near its highest level in almost a month, while investors remained cautious ahead of the Federal Reserve’s policy announcement and Chair Kevin Warsh’s remarks for signals on the future direction of U.S. interest rates.
Spot gold declined 0.7% to $4,048.40 per ounce, while U.S. gold futures also fell 0.7% to $4,049.10. The pullback followed two consecutive sessions of modest gains as traders locked in profits before major economic events.
The stronger U.S. dollar continued to pressure bullion prices by making gold more expensive for buyers using other currencies. The U.S. Dollar Index remained close to a one-month high, limiting demand for the precious metal.
Market participants widely expect the Federal Reserve to leave interest rates unchanged when its two-day meeting concludes on Wednesday. However, expectations for additional monetary tightening remain elevated. According to the CME FedWatch Tool, traders are pricing in roughly a 40% chance of a rate hike this week and an 80% probability of another increase in September. Higher interest rates typically reduce the attractiveness of non-yielding assets such as gold.
Investors are also awaiting key U.S. economic reports later this week, including second-quarter GDP data and the Fed’s preferred inflation measure, both of which could influence the central bank’s policy outlook. Analysts believe gold is likely to remain range-bound until clearer guidance emerges from the Fed.
Geopolitical developments also remained in focus. U.S. President Donald Trump said Washington was engaged in productive talks with Iran and suggested a potential agreement was possible, while warning military action could resume if negotiations failed. The continued pause in hostilities between the two countries eased concerns over energy supply disruptions, helping push oil prices lower and reducing inflation worries.
Elsewhere in the metals market, silver dropped 1.8% to $57.387 per ounce, platinum declined 0.9% to $1,611.60 per ounce, while copper prices also weakened, with London Metal Exchange copper futures and U.S. copper futures both trading lower.
