Senate Democrats Push Bill to Refund Trump Tariffs After Supreme Court Ruling 
China Stock Market Rallies After Lunar New Year as Tariff Relief and Holiday Spending Boost Sentiment 
Bank of Korea Expected to Hold Interest Rates at 2.50% Through 2026 Amid Currency and Housing Market Risks 
U.S. Conducted January Rate Checks to Support Yen, Nikkei Reports 
Gold Prices Edge Higher as U.S. Tariffs, Fed Policy and Iran Talks Shape Market Sentiment 
China Holds Loan Prime Rates Steady as PBOC Maintains Cautious Monetary Policy 
Gold Prices Pull Back from Three-Week High as Dollar Strengthens and Trade Tensions Resurface 
Dollar Stalls as Trump Tariff Turmoil Shakes Global Markets 
Yen Near Two-Week Low as Policy Concerns Weigh; Yuan Strength Pressures U.S. Dollar 
Trump Weighs New National Security Tariffs on Key U.S. Industries After Supreme Court Ruling 
Oil Prices Near Seven-Month Highs as U.S.-Iran Tensions Fuel Supply Concerns 
U.S.-Canada Trade Talks Resume as Trump Administration Reviews USMCA 
U.S. Stocks Rally as Nvidia Earnings Loom, Oil Prices Near Seven-Month Highs 
Wall Street Falls as Trump Tariffs Roil Markets and AI Stock Fears Deepen 
Trump Touts Stock Market Gains and 401(k) Boost Amid Tariff Uncertainty 
Japan Nominates Reflationist Economists to BOJ Board, Signaling Policy Shift 
Gold prices rebounded on Wednesday after posting losses in the previous session, as investors evaluated the impact of newly imposed U.S. tariffs and looked ahead to upcoming U.S.-Iran nuclear talks. Spot gold climbed 1.2% to $5,203.69 per ounce, while U.S. gold futures gained 1% to $5,226.20 per ounce. The recovery follows a 1.6% decline on Tuesday, which ended a four-day winning streak for the precious metal.
Market analysts noted that gold has generated a new daily MACD buy signal, pending confirmation. If confirmed, the signal could support near-term upside momentum, with minor resistance near the all-time high of around $5,586 per ounce. However, some technical indicators suggest potential consolidation ahead, with key support resting at the 50-day moving average.
Investor attention remains focused on global trade tensions. The U.S. began enforcing a temporary 10% global import tariff this week, with the Trump administration seeking to raise the rate to 15%. The move comes after the U.S. Supreme Court invalidated previous broad tariffs introduced under emergency powers, prompting officials to reintroduce duties under alternative legal authority. These developments have fueled uncertainty over global trade and inflation, supporting safe-haven demand for gold.
Geopolitical risks also remain elevated, as the United States and Iran prepare for a third round of nuclear negotiations in Geneva. Meanwhile, a slightly weaker U.S. dollar has made gold more attractive to overseas buyers.
Still, expectations of higher-for-longer U.S. interest rates have capped gains. Federal Reserve officials signaled limited urgency to adjust monetary policy, reinforcing pressure on non-yielding assets like gold.
JPMorgan forecasts gold could reach $6,300 per ounce by 2026, driven by strong central bank and investor demand, while raising its long-term projection to $4,500.
Silver surged 4.5% to $91.07 per ounce and platinum jumped 6.7% to $2,333.40. Copper prices also advanced, supported by lower U.S. tariff prospects and renewed Chinese demand, signaling improving sentiment across the broader metals market.
