Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Gold prices steadied in Asian trading on Tuesday as safe haven demand rose following U.S. President Donald Trump’s tariff threats, though a stronger U.S. dollar capped gains. Spot gold dipped slightly to $3,334.22 per ounce, while September futures hovered at $3,343.70 by 01:22 ET.
On Monday, gold advanced after Trump issued letters proposing steep tariffs on several major Asian and African economies. However, he also extended the tariff deadline to August 1 and hinted at further trade talks, boosting investor risk appetite and limiting gold’s upside. Stocks in Asia climbed, while Wall Street futures reversed early losses.
Despite this, Trump’s tariff proposals included a 25% levy on South Korea, Japan, Malaysia, and Kazakhstan, and up to 36% on Thailand, contributing to market jitters. These mixed signals left gold trading within a narrow range, though the metal remains near its $3,500 record high set earlier this year.
Meanwhile, the U.S. dollar strengthened overnight following the tariff announcement and solid U.S. economic data, which reduced expectations of near-term interest rate cuts by the Federal Reserve. Although the greenback eased slightly in Asian trade, it continued to pressure metal prices.
Silver futures rose 0.3% to $37.008, and platinum edged up 0.1% to $1,383.75, both near multi-year highs. Copper prices also gained, with LME copper up 0.2% at $9,839.80 per ton, and U.S. copper futures rising 0.4% to $5.0260 per pound.
Investors now await the minutes from the Fed’s June meeting, due later this week, for further clues on monetary policy. The central bank maintained a hawkish tone at the time, signaling hesitation toward additional rate cuts despite persistent global trade uncertainties.
