Fed Unveils Stablecoin Rules Under GENIUS Act 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
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Gold prices edged lower in Asian trading on Tuesday, but continued to hover near record highs as demand for safe-haven assets remained strong amid escalating U.S.-China trade tensions. Spot gold dipped 0.4% to $3,224.60 an ounce, while June gold futures held steady at $3,240.85/oz.
Although risk sentiment improved briefly following the U.S. decision to exempt electronics from new tariffs, President Donald Trump’s ongoing tariff threats—especially the looming duties on electronics and pharmaceuticals—kept market volatility high. The broader 145% tariffs imposed by the U.S., alongside China’s 125% retaliatory measures, sustained fears of a deepening trade war between the world’s two largest economies.
Gold remained close to its all-time high of $3,245.69/oz reached earlier in April. Persistent recession concerns and economic uncertainty continued to support bullion prices, especially as investors priced in a higher probability of a U.S. downturn despite a temporary 90-day exemption on reciprocal tariffs.
Weakness in the U.S. dollar, triggered by a selloff in Treasury markets, further boosted demand for gold and other precious metals. On Tuesday, silver futures rose 0.2% to $32.225/oz, while platinum futures stabilized at $956.60/oz.
Meanwhile, copper prices declined, reflecting ongoing concerns about reduced demand from China, the world’s largest importer. London copper futures dropped 0.2% to $9,168.65 per ton, while U.S. copper futures slipped 0.8% to $4.6230 per pound. Data released Monday showed a 1.4% decline in China’s copper imports in March. Market participants are now closely watching China’s upcoming Q1 GDP release, expected Thursday, for further economic signals.
