China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Gold prices dropped to a nearly four-week low in Friday’s Asian session, weighed down by fading safe-haven demand as the Israel-Iran ceasefire held firm. Spot gold fell 1% to $3,293.79 an ounce—its lowest since June 2—while August gold futures slid 1.2% to $3,306.70. The yellow metal is poised for a weekly loss of over 2%, marking its second consecutive weekly decline and extending its drop to nearly 6% from April’s all-time high.
The retreat comes amid easing geopolitical risk after a ceasefire brokered by U.S. President Donald Trump appeared stable through Thursday, reducing investor appetite for gold. Focus has now shifted to the upcoming U.S. Personal Consumption Expenditures (PCE) price index—the Federal Reserve’s preferred inflation gauge—for signals on interest rate direction.
Markets anticipate a 0.1% monthly rise in both headline and core PCE readings for May. Year-over-year, headline PCE is expected to rise 2.3%, with core PCE at 2.6%, both higher than the previous year’s figures. Fed Chair Jerome Powell recently cautioned Congress against premature rate cuts, noting persistent inflationary risks, particularly from tariffs. Meanwhile, Trump criticized Powell and may appoint a replacement by September, according to the Wall Street Journal.
In broader metals markets, a stronger U.S. dollar added pressure. The dollar index rose 0.1%, making gold and other commodities more expensive for overseas buyers. Platinum futures dropped 1.3% to $1,392.00 per ounce, retreating from decade-highs but still up 32% for June. Silver futures slipped 0.6% to $36.375, while London copper futures edged down 0.2% to $9,891.15 per ton. U.S. copper futures ticked up slightly to $5.06 per pound.
