Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Gold prices declined in Asian trading on Tuesday, extending losses as investor sentiment improved following U.S. President Donald Trump’s decision to delay imposing 50% tariffs on European Union imports. The move boosted appetite for riskier assets and pressured safe-haven gold, with spot gold slipping 0.5% to $3,326.53 per ounce and August gold futures dropping 1.2% to $3,353.09 by 01:30 ET.
Trump’s tariff postponement eased fears of an immediate escalation in global trade tensions, lifting U.S. stock futures despite thin volumes due to a U.S. holiday. While the delay supported broader market optimism, underlying concerns over the economic impact of the tariffs remain. Minneapolis Fed President Neel Kashkari warned the tariffs could trigger a stagflationary environment—marked by weak growth and high inflation. However, he also noted that rate cuts are unlikely in the near term, prompting renewed interest in U.S. Treasuries.
Gold prices were also weighed down by signs of stability in bond markets. Yields on major government bonds retreated after a sharp rise in recent sessions, putting further pressure on bullion. The dollar’s continued softness helped limit gold’s losses, but gains were capped amid broader weakness in the metals market.
Other precious metals followed suit. Platinum futures dropped 1.1% to $1,079.50/oz, while silver futures fell 1.2% to $33.265/oz, with both facing profit-taking after recent rallies. Industrial metals also slipped, as copper prices declined amid easing bond market tensions and fiscal concerns. London copper futures fell 0.6% to $9,562.80 per ton, while U.S. copper futures dropped 1.6% to $4.7730 per pound.
The overall metal market correction reflects shifting investor sentiment as geopolitical and economic developments continue to influence safe-haven demand and inflation expectations.
