Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Thailand Inflation Remains Negative for 10th Straight Month in January 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Gold prices continued to climb in Asian trade on Tuesday, building on strong overnight momentum as traders increasingly priced in the likelihood of a U.S. Federal Reserve interest rate cut in December. The precious metal rose despite a steady U.S. dollar, supported by heightened safe-haven demand ahead of key U.S. economic data releases.
Spot gold inched up 0.3% to $4,145.57 per ounce, while February gold futures added 0.2% to reach $4,180.00. The shift in sentiment followed dovish comments from two Federal Reserve officials, which prompted markets to sharply revise expectations for a December policy move. According to the CME FedWatch tool, traders now see a 77.2% probability of a 25-basis-point rate cut during the December 9–10 meeting, up from just 41.8% a week earlier.
A potential rate cut typically benefits gold and other non-yielding assets by reducing the appeal of interest-bearing investments. Gold has already hit multiple record highs this year, supported by the Fed’s recent decisions to ease policy during its last two meetings. Investors also continue to favor gold amid rising geopolitical risks, including escalating tensions between China and Japan and persistent concerns about ballooning fiscal deficits across developed economies.
Other precious metals tracked gold’s upward movement, with platinum rising 0.5% to $1,570.65 per ounce and silver gaining 0.8% to $51.5555. Base metals also advanced, with benchmark copper on the London Metal Exchange jumping 1.2% to $10,887 per tonne.
Market participants are now awaiting a series of U.S. economic indicators expected this week, including producer price inflation and retail sales due Tuesday, followed by the Fed’s preferred inflation metric—the PCE price index—scheduled for Wednesday. These will be the most recent datasets available ahead of the December meeting, as officials confirmed that October’s inflation and labor statistics will not be released due to a prolonged government shutdown. This earlier uncertainty had fueled expectations of a potential rate hold, but renewed clarity on September data has shifted momentum toward a cut.
