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The euro hit a three-year high on Monday, while the yen sat at a seven-month peak
Markets remained nervous about aggressive U.S. tariffs and the ongoing trade war with China
Amid trade war concerns and weaker dollar
South Korea’s SE KOSPI Index rose 0.90 percent to 2,469.43 while the broader Topix index gained 1.08 percent to 2,525.04
Both benchmarks are on track for their first weekly rise in three weeks after recording their highest levels since April 3 on Wednesday
The dollar index hovered near a three-year low hit last week, making gold more attractive for other currency holders
U.S. West Texas Intermediate crude fell by 16 cents, also down 0.3 percent, to $61.17
The dollar index fell 0.4 percent, making gold more attractive to foreign currency holders
Trump announced lately that phones, computers, and chips would be exempt from the new tariffs
The White House announced recently exemptions for smartphones and computers from new tariffs
Trump is considering changes to the 25 percent tariffs on foreign auto imports from various regions
In Dubai, gold rates achieved remarkable gains, with 24-carat gold rising by AED0.5 to AED389
The U.S. dollar index fell 0.49 percent to 99.61, reversing earlier gains
Goldman Sachs expected oil prices to decline through 2026
Goldman Sachs hiked 2025 gold price target to $3,700/oz
Nvidia declined 5.91 percent, Apple fell 4.24 percent to $190.42, and Microsoft dipped 2.34 percent to $381.35
Brent is set to fall 4 percent this week, while WTI is set to decline 3.8 percent
Earlier in the session, Bullion scaled an all-time high of $3,219.73, gaining over 5 percent this week
Sheikh Hamdan expressed hope for greater cooperation between the Bombay Stock Exchange and Dubai Financial Market
Tech stocks also witnessed a major increase, with Nvidia shares gaining 18.72 percent and Tesla rising 22.69 percent
Following the tariff pause for most countries, oil prices settled 4 percent higher on Wednesday
Gold has increased by more than 18 percent in 2025, driven largely by Trump's tariff plans
The new issue is structured efficiently with PIF support from prepaid forward share purchase
Trump signed an executive order raising tariffs on China by 50 percent, escalating tensions significantly
