Gold prices edged higher in Asian trading Monday, recovering from a one-month low as a weaker U.S. dollar boosted demand, despite easing geopolitical tensions in the Middle East. Spot gold rose 0.5% to $3,290.25 per ounce, while August gold futures gained 0.4% to $3,300.00 by 02:00 ET (06:00 GMT). The metal had slumped nearly 3% last week—its steepest drop since early May—wiping out prior gains tied to global conflicts and leaving it flat for the month.
The dollar’s decline, with the U.S. Dollar Index down 0.2% and hovering near a three-year low, made gold more attractive to foreign investors. Market expectations of a potential Federal Reserve rate cut by September further pressured the greenback, supporting bullion.
Risk appetite improved after U.S. President Donald Trump brokered a ceasefire between Israel and Iran, reducing safe-haven inflows into gold. Optimism also grew following a U.S.–China trade agreement in Geneva, which eased rare-earth tensions and trade friction, and the launch of a U.S.–U.K. trade deal that cuts car tariffs and removes duties on aircraft parts.
Still, concerns linger over the upcoming July 9 deadline, which may trigger renewed tariffs on global steel, aluminum, and other imports if no agreements are reached.
Other metals also gained. Platinum futures jumped 1.9% to $1,377.00, putting the metal on track for a 30% monthly surge despite recent pullbacks. Silver held steady at $36.045 per ounce. Copper futures on the London Metal Exchange were flat at $9,888.95 per ton, while U.S. copper rose 0.7% to $5.132 per pound. Gains were tempered by weak Chinese manufacturing data, signaling softer demand from the world’s top copper importer.


China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 



