Overview

• Gold eased to about $3,360 an ounce following a US-Japan tariff deal and reports of an EU accord that cooled safe-haven flows.
• Silver holds near $39.40 per ounce, its strongest level since 2011, supported by tariff policy concerns and sustained industrial demand.
• Palladium has surged past $1,300 an ounce, driven by Nornickel’s supply cuts and robust automotive catalyst requirements.
• Money markets expect the Federal Reserve to keep rates on hold at its July meeting, with cuts likely before October, influencing bullion investment.
• US Treasury Secretary Scott Bessent will discuss extending the US-China tariff truce during talks in Stockholm next week, a key driver for market sentiment.