Iranian Parliament speaker Mohammad Bagher Ghalibaf warned on Monday that Iran’s military was fully prepared to retaliate against any future attacks after rising tensions threatened the fragile ceasefire in the Middle East, Reuters reported.
Gold price (XAU/USD) trades in positive territory around $4,750 during the early Asian session on Tuesday. The precious metal edges higher as traders assess developments in the United States (US)-Iran diplomacy and await key US inflation data, which is due later on Tuesday.
Sterling pulled back from a fresh peak near 1.3650 on Monday, easing close to 1.3610 through European trade after the Asian session squeezed the Pound to a new local high.
The Australian Dollar firmed by less than 0.1% on Monday, holding around 0.7250 in another range-bound session below the 0.7280 ceiling.
Silver (XAG/USD) price rallies over 7% on Monday, clearing key technical resistance at $83.05, the April 17 daily high, and also the $85.00 psychological figure, which opened the door towards the $86.00 per troy ounce handle, its highest level in the last two months.
ING’s Lynn Song notes that stronger China Consumer Price Index (CPI) and Producer Price Index (PPI) data in April, alongside resilient exports, reinforce a reflation narrative that reduces urgency for People’s Bank of China (PBoC) easing.
Societe Generale analysts observe USD/CNY trading below 6.80, with the Chinese Yuan at its strongest level since February 2023 ahead of the US/China summit.
The US Dollar Index (DXY) is holding firm near the 97.95 region as investors remain cautious despite some improvement in overall market sentiment and ongoing geopolitical tensions in the Middle East.
DBS Group Research economist Ma Tieying revises Taiwan’s policy rate outlook after upgrading 2026 Gross Domestic Product (GDP) and Consumer Price Index (CPI) forecasts. The team now expects an additional 12.5 bps hike in 3Q, taking the policy discount rate to 2.125%.
BNP Paribas economists note Chinese GDP growth at 5.0% year-on-year in Q1 2026, after 5% in 2025, and expects a moderate slowdown in 2026. They highlight a K-shaped pattern with strong exports but weak domestic demand and ongoing property sector stress.
Gold (XAU/USD) price advances modestly by 0.30% on Monday as the Iran-US conflict resolution stalls following Tehran’s proposal, which was disregarded by US President Donald Trump, who said that it was “totally unacceptable.” At the time of writing, XAU/USD trades at $4,726 after bouncing off daily
UOB economists Julia Goh and Loke Siew Ting note that Bank Negara Malaysia’s (BNM) foreign reserves climbed to USD129.7bn at end-April 2026, the highest since 2014, providing a stronger buffer for the Malaysian Ringgit (MYR).
