Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
The U.S. dollar remained steady on Tuesday, hovering close to a three-month high, as mixed signals from the Federal Reserve prompted traders to scale back expectations for further interest rate cuts. Investors are also closely watching the Reserve Bank of Australia (RBA) meeting, where policymakers are expected to keep rates unchanged.
The yen weakened to 154.38 per dollar, near its lowest level in over eight months, triggering concerns of possible intervention from Japanese authorities. Meanwhile, differing opinions among Fed officials and a lack of official economic data due to the U.S. government shutdown have fueled uncertainty about the central bank’s policy direction.
After last week’s rate cut, Fed Chair Jerome Powell signaled that it could be the final reduction for the year. Market pricing now shows a 65% probability of another cut in December, down from 94% a week ago, according to CME’s FedWatch Tool. This recalibration in expectations has supported the dollar, with the euro slipping 0.11% to $1.1506 and the British pound easing to $1.312. The dollar index rose 0.1% to 99.99, marking a three-month high.
The shutdown has limited access to key economic data, leaving investors reliant on private reports such as ADP’s employment data. A recent ISM survey revealed that U.S. manufacturing contracted for the eighth consecutive month in October, underscoring economic weakness. Analysts at MUFG warned that prolonged shutdown risks could further dampen growth.
In Asia, the yen’s continued weakness contrasts with the Bank of Japan’s cautious stance, even as Governor Kazuo Ueda hinted at possible tightening later this year. Analysts expect further yen depreciation unless the BOJ acts soon.
The Australian dollar traded around $0.6535 ahead of the RBA meeting. Stronger-than-expected inflation data has reduced expectations for near-term rate cuts, with markets now anticipating only one cut by mid-2026. Economists predict the RBA could strike a more hawkish tone, potentially bolstering the Australian dollar in the coming sessions.
