Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
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Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Gold prices soared in Asian trading on Monday, climbing back above the key $4,000 an ounce mark as the U.S. dollar weakened and investor attention turned to Congress’ progress toward ending the prolonged government shutdown. The precious metal also gained support from market optimism that the Federal Reserve could cut interest rates in December, despite ongoing uncertainty over the broader U.S. economic outlook.
Spot gold surged 1.4% to $4,053.72 per ounce, while December gold futures rose 1.3% to $4,062.45 by 23:43 ET (04:43 GMT). The rally reflected renewed investor demand for safe-haven assets amid political tensions and softening economic indicators.
The dollar’s mild decline provided further momentum to metal prices. A softer greenback typically boosts gold and other commodities by making them cheaper for foreign investors. Market sentiment was reinforced by expectations of a potential 25-basis-point rate cut from the Fed in December, supported by recent weak labor market data. According to CME FedWatch, traders priced in a 61.9% probability of such a move.
Recent Challenger job cuts data revealed the worst wave of layoffs in nearly two decades during October, intensifying fears of an economic slowdown. Analysts believe the Fed could step in to stabilize the job market and sustain growth.
Other precious metals also advanced on Monday. Spot platinum climbed 1.4% to $1,571.92 per ounce, while spot silver jumped 1.8% to $49.21 per ounce.
Meanwhile, investor sentiment brightened as the U.S. Senate voted 60-40 to advance a funding bill aimed at ending the nation’s longest government shutdown. The bill’s progress broke a Democratic filibuster and could soon reopen federal operations, paving the way for delayed economic data releases that may further influence Fed policy decisions.
