Gold prices edged higher on Monday in Asian trading as the U.S. dollar weakened, while uncertainty over trade tariffs and geopolitical tensions supported safe-haven demand. Spot gold gained 0.3% to $2,865.69 per ounce, while April gold futures climbed 0.9% to $2,873.59.
The U.S. dollar slipped 0.4%, retreating from a two-week high amid uncertainty surrounding additional tariffs. President Donald Trump confirmed a 10% tariff increase on China and reaffirmed 25% levies on Mexico and Canada. However, U.S. Commerce Secretary Howard Lutnick stated that final tariff decisions would be made on Tuesday.
Meanwhile, stalled talks between Ukrainian President Volodymyr Zelenskyy and Trump raised concerns over prolonged geopolitical instability, further bolstering gold’s appeal. A weaker dollar also lifted other precious metals—platinum futures jumped 1.2% to $949.10, while silver futures climbed 0.7% to $31.73.
Economic data added to market speculation about future Federal Reserve policy. U.S. consumer sentiment dipped 0.2% in January, marking its first decline in nearly two years. The Atlanta Fed projected a 1.5% annualized economic growth rate for Q1 2025, down from 2.3% in the prior quarter. While expectations for rate cuts rose, inflation remained firm, with the Fed’s preferred PCE price index increasing 0.3% in January, the same as in December.
Copper prices saw modest gains, supported by a weaker dollar and strong manufacturing data from China. The Caixin PMI hit a three-month high, signaling better-than-expected factory activity. Benchmark copper futures on the London Metal Exchange edged up 0.3% to $9,985.70 per ton, while April copper futures hovered at $4.5595 per pound.


U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision
Dollar Struggles as Policy Uncertainty Weighs on Markets Despite Official Support
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout
Gold Prices Pull Back After Record Highs as January Rally Remains Strong
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 



