Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Global Forex Markets Brace for Fed Decision as Yen Extends Weakness 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Gold prices slipped more than 1% in Asian trading on Wednesday after the U.S. announced measures to soften the impact of auto tariffs and affirmed ongoing trade talks with China. Spot gold dropped 1.1% to $3,308.93 per ounce, while June gold futures fell 0.8% to $3,322.55 per ounce.
The Trump administration said it would ease tariffs on foreign auto parts used in domestically manufactured cars, according to a Wall Street Journal report. Additionally, U.S. Secretary Bessent noted that many countries had made "very good" tariff proposals and confirmed ongoing communication with China, helping ease concerns about escalating U.S.-China trade tensions.
Gold, which recently hit record highs, typically benefits from economic uncertainty, geopolitical risks, and inflation concerns. However, improved trade sentiment weighed on demand for safe-haven assets.
Among other metals, silver futures fell 0.4% to $32.862 per ounce, while platinum futures remained flat at $993.20 per ounce.
Investors are now closely watching key U.S. economic data releases this week, including the March JOLTS job openings report, first-quarter GDP figures, April jobs data, and the Federal Reserve’s preferred inflation gauge, the PCE price index. These indicators are expected to heavily influence the Fed’s interest rate policy outlook.
Copper prices stayed subdued amid cautious sentiment. London Metal Exchange benchmark copper was steady at $9,392.20 per ton, while May copper futures slipped 0.8% to $4.8620 per pound. Meanwhile, Chinese policymakers promised support for businesses impacted by tariffs but held back from introducing new stimulus measures, leaving market participants awaiting further policy clarity.
