Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
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Gold prices dipped slightly in Asian trade on Wednesday but remained close to record highs as U.S. President Donald Trump threatened fresh trade tariffs on key imports. Markets also awaited signals on interest rates from the Federal Reserve’s upcoming minutes release.
Spot gold fell 0.2% to $2,929.02 an ounce, while April gold futures slipped 0.1% to $2,946.22. The precious metal has been rangebound as investors weigh haven demand against easing geopolitical concerns, particularly amid talks of a potential U.S.-brokered Russia-Ukraine peace deal.
Trump announced plans for a 25% tariff on automobile, pharmaceutical, and semiconductor imports, citing unfair trading practices. While auto tariffs could take effect as early as April, levies on drugs and chips are expected to be delayed. Investors appeared less reactive to the news, suggesting resilience to Trump’s tariff strategy. His recent postponement of tariffs on Canada and Mexico fueled hopes that these measures might serve as negotiation tactics rather than definitive policy shifts.
Global markets saw mixed reactions. Asian stocks registered minor losses, while U.S. stock futures edged higher. Other metals also declined—platinum futures dropped 1% to $1,000.95, silver futures slipped 0.1% to $33.325, and copper retreated 0.5% to $9,418.95 a ton amid profit-taking.
Market focus now turns to the Fed’s January meeting minutes. The central bank recently signaled a slower pace of rate cuts, citing inflation concerns. Upcoming speeches from Fed officials and key PMI data from major economies will provide further insights into economic conditions, potentially influencing gold and broader market sentiment.
