Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Dollar Holds Near Two-Month High as Yen Approaches 160 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Trump, Xi Focus on Trade and AI at White House Summit 
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Gold prices edged lower in Asian trading on Monday, retreating from record highs amid signs that U.S. President Donald Trump’s planned April 2 tariffs may be less severe than expected. Reports from Bloomberg and the Wall Street Journal suggested that Trump may exclude key sectors like automobiles, pharmaceuticals, semiconductors, and commodities from the tariffs. The potential narrowing of targets to just 15 countries with large trade imbalances reduced safe-haven demand for gold and boosted market sentiment.
Spot gold slipped 0.2% to $3,018.51 per ounce, while May gold futures held steady at $3,049.30. Last week, spot gold had touched a record high of $3,057.50. A softer U.S. dollar helped limit gold’s losses, but investor appetite for risk grew as Wall Street futures climbed.
Still, uncertainty lingered as the White House did not confirm the tariff reports. With a week left before the deadline, concerns remain that new trade policies could drive inflation and slow the U.S. economy, keeping gold demand supported. Ongoing geopolitical tensions, including the Russia-Ukraine conflict and Middle East unrest, also contributed to underlying demand for precious metals.
Other precious metals saw modest gains, with platinum futures up 0.3% at $981.15/oz and silver futures climbing 0.7% to $33.735/oz.
Copper prices rose on expectations of tighter supply. Benchmark copper on the London Metal Exchange added 0.6% to $9,927.90 per ton, while May futures gained 0.3% to $5.1305 per pound. Concerns grew as Trump proposed a 25% tariff on copper imports, and several Chinese smelters reportedly considered production cuts. Optimism over potential stimulus in China, the world’s largest copper consumer, also supported prices.
