Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Gold prices climbed during Asian trading on Wednesday, while silver prices surged to a fresh all-time high, as growing concerns over the U.S. economy fueled strong demand for safe haven assets. Investors increasingly turned to precious metals amid mixed economic data, expectations of easier monetary policy, and persistent global uncertainty, pushing both gold and silver higher.
Spot gold gained around 0.8% to trade near $4,334 per ounce, while February gold futures also advanced by a similar margin to approximately $4,365 per ounce. Gold prices are now hovering just about $50 below their record highs, reflecting sustained investor interest. Broader metal markets also moved higher, with platinum benefiting from haven buying and copper supported by optimism over additional stimulus measures in China, the world’s largest copper importer.
Silver significantly outperformed gold, rallying sharply to a record level above $66 per ounce. Spot silver jumped more than 3.5%, while silver futures climbed over 4%, highlighting strong momentum in the white metal. Market participants are increasingly pricing in a potential silver supply deficit by 2026, driven by rising industrial demand and constrained supply. Earlier this year, the U.S. government designated silver as a critical metal, further strengthening its long-term investment appeal.
Silver has also attracted haven-focused investors seeking an alternative to gold, offering similar stability at a lower entry price. This dynamic has helped propel silver prices up more than 100% so far in 2025. Analysts, including those from ANZ, expect both gold and silver to extend their gains into 2026 as economic uncertainty shows little sign of easing.
Safe haven demand was further boosted by weaker U.S. economic indicators, including a higher unemployment rate, soft nonfarm payroll data, and disappointing PMI readings. Concerns over slowing growth, liquidity conditions, and renewed Federal Reserve bond-buying have increased expectations of future interest rate cuts, a scenario that typically supports non-yielding assets like gold and silver. Investor focus now turns to upcoming U.S. inflation data for further direction.
