Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
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 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold prices soared to historic highs in Asian trading on Monday, fueled by strong safe-haven demand and growing optimism for Federal Reserve interest rate cuts. Spot gold climbed to a record $3,799.41 per ounce, while December gold futures peaked at $3,828.40 per ounce. Precious metals broadly rallied, supported by a weaker U.S. dollar and steady inflation data released last week.
Silver surged more than 2% to $47.03 per ounce, its highest level in over 14 years, while platinum jumped 3% to $1,619.78 per ounce, marking a 12-year high. Investors turned to metals as a hedge against uncertainty, particularly as the U.S. government faces the possibility of a shutdown later this week.
Federal funding is set to expire at midnight on September 30, with Congress yet to finalize a replacement or extension bill. Negotiations remain tense, as Republicans push for a temporary stop-gap bill extending funding through November, while Democrats demand the reversal of recent cuts to healthcare and Medicaid before approving any new measures. Congressional leaders from both parties are scheduled to meet President Donald Trump on Monday for mediation talks.
A potential government shutdown raises the risk of delayed economic reports, including the critical nonfarm payrolls data due later this week. A prolonged shutdown could disrupt economic activity, echoing the 35-day shutdown of late 2018 to early 2019, which the Congressional Budget Office estimated shaved $11 billion off U.S. GDP.
The current rally in gold, silver, and platinum highlights investor anxiety over fiscal uncertainty and monetary policy. With safe-haven demand surging and the Federal Reserve signaling possible rate cuts, precious metals are likely to remain in focus as global markets brace for the week ahead.
