Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
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.
