Yen Stabilizes Near Lows as Japan Signals Readiness to Intervene Amid Dollar Weakness 
Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs 
China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious 
Gold Prices Surge to Record Highs as Geopolitical Tensions Fuel Safe-Haven Demand 
Oil Prices Climb in Asian Trade as Venezuela Sanctions and Middle East Tensions Fuel Risk Premium 
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten 
Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally 
German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025 
Asian Markets Rise as AI Rally Caps 2025, Gold and Silver Hit Record Highs 
Oil Prices Edge Higher as Strong U.S. Growth and Supply Risks Support Market 
RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist 
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook 
Gold Prices Stabilize as Demand for Safe Haven Assets Grows
Gold prices saw a slight increase in Asian trading on Thursday, recovering from recent lows but still below record highs due to ongoing anxiety surrounding the U.S. presidential election and shifting interest rate expectations favoring the dollar.
Despite Wednesday’s declines, gold continues to trade higher for the week, supported by strong safe-haven demand. As of 00:23 ET (04:23 GMT), spot gold rose 0.3% to $2,724.70 an ounce, while December gold futures increased by the same margin to $2,737.15 an ounce. Earlier this week, spot prices reached a peak of $2,758.53 an ounce.
Safe Haven Demand Drives Gold Prices
The yellow metal maintains its strength as geopolitical tensions and domestic political uncertainty keeps investors wary. Harsh rhetoric from Israeli officials regarding Iran has heightened fears of potential escalations in the ongoing conflict, while tensions continue between Israel and Hamas.
In the U.S., Republican nominee Donald Trump is perceived to be gaining an advantage over Vice President Kamala Harris just weeks before the election, leading to a climate of uncertainty that favors safe haven assets like gold.
Broader Market Trends in Precious Metals
The strengthening of haven demand has helped gold and other precious metals withstand the dollar's gains, supported by expectations of slower interest rate cuts. Other precious metals also recorded gains, with platinum futures up 0.7% to $1,037.80 an ounce and silver futures rising 0.6% to $34.050 an ounce.
Industrial Metals Update: Copper Prices Rise
In the industrial metals sector, copper prices rose by 0.7% to $9,581.50 a ton, while December futures climbed to $4.3637 a pound. Market attention is now focused on upcoming purchasing managers index reports from the U.S. and Eurozone, with traders looking for indications of potential fiscal stimulus in China.
