Gold Prices Surge Above $4,300 as US-Iran Peace Deal Weakens Dollar and Oil 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Asian Currencies Steady as BOJ Raises Rates and Markets Await Fed Decision 
Global Motor Oil and Auto Paint Shortages Persist Despite Potential U.S.-Iran Peace Deal 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
U.S.-Iran Peace Deal Extends Gulf Ceasefire, Reopens Strait of Hormuz 
Dollar Slips as U.S.-Iran Peace Deal Boosts Risk Appetite and Pressures Safe-Haven Demand 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
North Korea Reports Industrial Output at 105% of Target Following Party Congress 
Oil Prices Tumble as U.S.-Iran Peace Deal Eases Supply Concerns 
Oil Prices Recover Slightly as U.S. Crude Inventories Fall, But Iran Deal Caps Gains 
Dollar Slips as U.S.-Iran Peace Deal Optimism Boosts Risk Appetite Ahead of Fed Decision 
Wall Street Surges as US-Iran Deal Eases Oil Price and Inflation Concerns 
Gold Holds Gains as Oil Prices Retreat and Fed Decision Looms 
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200 
Japan Trade Deficit Narrows as Exports Surge in May 
US Stock Futures Rally as US-Iran Peace Deal Boosts Market Sentiment Ahead of Fed Meeting 
Gold prices traded within a narrow range during Asian trading hours on Monday, as market holidays in the United States, China, and several other Asian economies kept overall trading volumes subdued. Investors are now shifting their attention to key economic data and Federal Reserve signals that could shape the outlook for interest rates and precious metals.
Spot gold slipped 0.3% to $5,028.79 per ounce, while April gold futures held steady at $5,047.21 per ounce. Despite recent volatility, the yellow metal ended last week above the crucial $5,000 level, a threshold closely monitored by traders and analysts.
Over the past two weeks, gold prices have experienced sharp swings due to uncertainty surrounding U.S. monetary policy. Concerns intensified after President Donald Trump nominated Kevin Warsh to succeed Jerome Powell as Federal Reserve Chair when Powell’s term ends in May. Warsh is widely viewed as less dovish, raising expectations that U.S. interest rates could remain higher for longer—typically a headwind for non-yielding assets like gold.
Market participants are now closely watching the release of the Federal Reserve’s January meeting minutes, scheduled for Wednesday. The report is expected to provide further insight into the central bank’s stance on inflation and future rate adjustments. In addition, the upcoming Personal Consumption Expenditures (PCE) price index data— the Fed’s preferred inflation gauge—will be crucial in shaping expectations for U.S. interest rates.
Other precious metals also moved in tight ranges. Spot silver declined 0.3% to $77.2465 per ounce, while platinum gained 0.4% to $2,076.94 per ounce.
Gold recently found support from safe-haven demand amid rising geopolitical tensions between the U.S. and Iran, as well as softer U.S. consumer price index data. However, lingering uncertainty over the Federal Reserve’s policy direction continues to drive choppy trading conditions across the precious metals market.
