Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
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 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Gold prices soared past the historic $4,000 per ounce mark on Wednesday, reaching an all-time high as investors flocked to the precious metal amid rising economic and geopolitical instability. Spot gold rose 0.3% to $3,997.09 per ounce by 0202 GMT, briefly touching a record peak of $4,000.96. Meanwhile, U.S. gold futures for December delivery climbed 0.4% to $4,020 per ounce.
The surge reflects growing demand for safe-haven assets as uncertainty clouds global markets and expectations mount for further interest rate cuts by the U.S. Federal Reserve. Gold, traditionally viewed as a hedge against inflation and financial turmoil, has surged 52% so far in 2025 after an already impressive 27% rise in 2024.
Analysts attribute this remarkable rally to several converging factors — including aggressive central bank purchases, renewed inflows into gold-backed exchange-traded funds (ETFs), a weakening U.S. dollar, and sustained retail demand. This combination has propelled the metal to new highs, reinforcing its appeal as a reliable store of value in uncertain times.
According to UBS analyst Giovanni Staunovo, investor sentiment is increasingly driven by a “fear of missing out” (FOMO), amplifying the bullish trend. “What we see now is that investors are buying gold, despite the price being high, and this is amplifying the move further,” Staunovo noted.
With the global economy showing signs of strain and the prospect of lower interest rates making non-yielding assets like gold more attractive, market experts suggest the rally could continue. The metal’s strong momentum underscores gold’s enduring role as both a hedge and a psychological refuge for investors navigating a volatile financial landscape.
