Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion 
Gold Prices Drop as Fed Rate Outlook and Iran Tensions Weigh on Market 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Oil Prices Slip as U.S.-Iran Peace Talks and Strait of Hormuz Risks Keep Markets on Edge 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Dollar Slips Ahead of Key U.S. Jobs Data as Fed Rate Outlook, ECB, and Iran Talks Shape Forex Markets 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Trump Questions Housing Bill as He Prioritizes SAVE America Act 
Gold prices climbed on Tuesday as investors returned to safe-haven assets during a brief equity market rally, though the precious metal remained on course for its steepest monthly decline in nearly 17 and a half years. Spot gold surged 3.8% to $4,682.23 per ounce, while gold futures gained 3.4% to reach $4,712.55 per ounce.
Despite Tuesday's recovery, bullion was down 11.3% for March, marking its worst monthly performance since October 2008 and snapping a seven-consecutive-month winning streak. The selloff has been driven largely by the ongoing U.S.-Israel military conflict with Iran, which has stoked inflation fears and reduced expectations for future Federal Reserve interest rate cuts, weighing heavily on non-yielding assets like gold and silver.
Market sentiment received a cautious lift after a Wall Street Journal report indicated President Trump was exploring options to wind down military operations in Iran. According to the report, U.S. officials concluded that reopening the Strait of Hormuz through military force would require an extended and complex operation, prompting a potential shift toward diplomatic pressure on Tehran, with support from Gulf and European allies. However, with the strait still closed and roughly 20% of global oil supply disrupted, energy-driven inflation concerns continue to cloud the outlook for precious metals.
Adding to the uncertainty, Trump publicly called on other nations to independently secure the strait, signaling a possible reduction in U.S. military involvement. Secretary of War Pete Hegseth echoed this stance, noting increased vessel traffic through the waterway.
Federal Reserve Chair Jerome Powell offered some reassurance by stating that long-term inflation expectations remain anchored despite near-term pressures. Meanwhile, other central banks, including the European Central Bank and the Bank of Japan, hinted at potential rate hikes to counter rising energy costs, further pressuring gold by lifting global bond yields.
Silver and platinum also posted sharp monthly losses, falling nearly 20% and 18% respectively in March, even as both metals rebounded strongly on the day.
