China Agrees to Buy 20 Million Tons of U.S. Coal 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Trump, Xi Focus on Trade and AI at White House Summit 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
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 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
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Gold prices soared to a record high Thursday as escalating US-China trade tensions fueled strong safe-haven demand. Spot Gold rose 2.83% to $3,170.27 per ounce, while Gold Futures for June delivery jumped 3.54% to $3,188.56.
The rally followed new U.S. tariffs that took effect Wednesday, with President Donald Trump announcing a 90-day pause on reciprocal tariffs for most countries—excluding China. Tariffs on Chinese imports were sharply raised to 145%, while China’s retaliatory tariffs of 84% on U.S. goods began Thursday. The conflicting moves heightened fears of a prolonged trade war between the world’s two largest economies, boosting demand for gold as a hedge against economic and geopolitical risk.
Gold had previously hit a record high on April 3 after initial tariff announcements. However, it saw brief declines as investors liquidated positions to cover broader market losses. The recent rebound reflects renewed investor caution amid mixed trade policy signals.
Adding to gold’s bullish momentum, the U.S. Dollar Index dropped 1.8%, making the precious metal more attractive to international buyers. Other metals also gained, with Silver Futures climbing 2.3% to $31.11 an ounce and Platinum Futures rising 2.14% to $939.70.
Copper Futures surged 4.4% on optimism over Trump’s tariff pause, though ING analysts warned that elevated tariffs on China—set at 125%—continue to pose risks. Nonetheless, expectations for further economic stimulus from Beijing may help support copper and other industrial metals.
With uncertainty around global trade policy deepening, safe-haven assets like gold are seeing increased interest, pointing to ongoing volatility in commodity and financial markets.
