Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Gold prices declined in Asian trading on Wednesday, pressured by improving US-China trade relations and weaker-than-expected US inflation data. Spot gold dropped 0.7% to $3,228.95 per ounce, while June gold futures fell 0.5% to $3,232.24 per ounce.
The decline follows the release of US Consumer Price Index (CPI) data on Tuesday, which came in below expectations, reducing fears of runaway inflation. Lower inflation readings typically dampen the appeal of gold, a traditional hedge against rising prices.
Market sentiment was further boosted after the US and China agreed on Monday to temporarily reduce tariffs to 30% and 10%, respectively, for a 90-day period. The easing of trade tensions lessened global recession concerns and shifted investor interest toward risk assets. US President Donald Trump also indicated he may personally engage with Chinese President Xi Jinping to finalize a trade deal, adding to optimism.
Despite the positive trade developments, some investors remained cautious, wary of a possible inflation rebound once tariffs are reinstated. This uncertainty over future Federal Reserve rate decisions weighed on bullion, which tends to perform better in low-interest environments due to lower opportunity costs.
The US Dollar Index remained largely flat during Asian trading hours, offering little support for gold prices.
Other precious metals also saw mixed movement. Silver futures declined 0.6% to $32.915 per ounce, while platinum futures gained 0.5% to $995.45 per ounce.
Copper prices inched higher, supported by hopes that trade de-escalation would boost demand from China, the world’s largest copper consumer. Benchmark copper futures on the London Metal Exchange rose 0.2% to $9,623.65 per ton, while July copper futures added 0.1% to $4.7125 per pound, with traders awaiting key US Producer Price Index (PPI) data for further inflation cues.
