Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Trump, Xi Focus on Trade and AI at White House Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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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.
