Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Gold prices slipped slightly in Asian trading Monday, pressured by a stronger U.S. dollar following American military strikes on key Iranian nuclear sites. The geopolitical escalation in the Middle East shifted safe-haven demand away from gold and toward the greenback, which rose over 0.3% against a basket of major currencies.
Spot gold dipped 0.2% to $3,360.11 per ounce, while gold futures fell 0.3% to $3,374.72 by 01:08 ET. Despite the drop, gold remained supported by gains earlier in June, driven by heightened demand during the Israel-Iran conflict.
The U.S. attack, ordered by President Donald Trump, targeted three Iranian nuclear facilities, with Trump claiming it significantly set back Tehran’s nuclear ambitions. Iranian officials denied the allegations, but tensions soared as Iran vowed retaliation. Concerns grew over a potential Iranian move to block the Strait of Hormuz, a critical oil shipping route, fueling a surge in global oil prices.
Rising energy prices revived inflation fears, reducing expectations for near-term U.S. interest rate cuts and supporting dollar strength—further weighing on gold. Market focus now turns to comments from Federal Reserve Chair Jerome Powell, who is scheduled to testify before Congress this week, potentially offering more guidance on future monetary policy.
Other precious metals also eased. Platinum futures slipped 0.1% to $1,263.15 per ounce, retreating from a recent four-year high, while silver edged up 0.1% to $36.05, hovering near a 13-year peak. In industrial metals, London copper futures fell 0.1% to $9,643.15 per ton, and U.S. copper futures declined 0.3% to $4.820 per pound.
The broader retreat in metals highlights investor caution amid intensifying geopolitical risks and monetary policy uncertainty.
