0752 GMT - Gold prices edge higher as investors digest U.S. consumer price data and global trade negotiations. In early trading, futures rise 0.2% to $3,344.70 a troy ounce, recovering from a dip in the prior session. "Gold demonstrated resilience despite the dual headwinds of higher Treasury yields and a firmer dollar," says Daria Efanova, head of research at Sucden Financial. The latest U.S. inflation data signaled tariffs are starting to show in prices, potentially complicating the case for interest-rate cuts. Traders now await U.S. PPI data due later on Wednesday. Markets are monitoring talks between the U.S. and major trade partners, with the August 1 deadline looming. "The increased uncertainty about tariffs and the extension of the trade talks deadline suggest the FOMC will need a few more months of data before cutting the policy rate," analysts at ANZ Research said. (giulia.petroni@wsj.com)
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Iron Ore Rises, Supported by Positive Sentiment -- Market Talk
0248 GMT - Iron ore rises in early Asian trade. Sentiment is supported by China's 2Q GDP data which was better than expected, as well as the destocking of port inventories, analysts at Nanhua Futures write in a note. The recovery of steel mill profits is good, helping them buy more high-quality iron ore, supporting prices, they add. The most actively traded September iron-ore contract on the Dalian Commodity Exchange is up 1.1% at CNY773.5 a ton. (kimberley.kao@wsj.com)
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(END) Dow Jones Newswires
07-16-25 1020ET
