Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data 
Gold prices steadied in Asian trading on Tuesday as safe haven demand rose following U.S. President Donald Trump’s tariff threats, though a stronger U.S. dollar capped gains. Spot gold dipped slightly to $3,334.22 per ounce, while September futures hovered at $3,343.70 by 01:22 ET.
On Monday, gold advanced after Trump issued letters proposing steep tariffs on several major Asian and African economies. However, he also extended the tariff deadline to August 1 and hinted at further trade talks, boosting investor risk appetite and limiting gold’s upside. Stocks in Asia climbed, while Wall Street futures reversed early losses.
Despite this, Trump’s tariff proposals included a 25% levy on South Korea, Japan, Malaysia, and Kazakhstan, and up to 36% on Thailand, contributing to market jitters. These mixed signals left gold trading within a narrow range, though the metal remains near its $3,500 record high set earlier this year.
Meanwhile, the U.S. dollar strengthened overnight following the tariff announcement and solid U.S. economic data, which reduced expectations of near-term interest rate cuts by the Federal Reserve. Although the greenback eased slightly in Asian trade, it continued to pressure metal prices.
Silver futures rose 0.3% to $37.008, and platinum edged up 0.1% to $1,383.75, both near multi-year highs. Copper prices also gained, with LME copper up 0.2% at $9,839.80 per ton, and U.S. copper futures rising 0.4% to $5.0260 per pound.
Investors now await the minutes from the Fed’s June meeting, due later this week, for further clues on monetary policy. The central bank maintained a hawkish tone at the time, signaling hesitation toward additional rate cuts despite persistent global trade uncertainties.
