Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Gold prices dropped in Asian trading on Wednesday, weighed down by improved risk appetite following news of upcoming high-level trade talks between the U.S. and China. Spot gold slipped 1.3% to $3,384.71 an ounce, while June gold futures declined 0.9% to $3,392.74/oz.
The announcement of U.S.-China negotiations in Switzerland spurred gains in Asian equities and Wall Street futures, reducing demand for safe-haven assets like gold. Despite ongoing geopolitical tensions, including escalating military actions between India and Pakistan, gold failed to attract strong haven inflows, reflecting broader market optimism.
Earlier in the week, gold had edged higher, nearing record levels amid uncertainty surrounding global trade. However, optimism over renewed diplomatic efforts reversed that momentum. Investors remain cautious about the outcome of the talks, especially after U.S. President Donald Trump stated he had no plans to sign a trade deal soon. Meanwhile, both countries have imposed steep tariffs exceeding 100%, and recent economic data shows growing pressure on their respective economies.
Other precious metals also weakened. Platinum futures fell 0.5% to $987.40/oz, and silver dropped 0.5% to $33.208/oz. Industrial metals mirrored the decline, with London copper futures down 0.9% at $9,456.50 per ton and U.S. copper futures losing 0.9% to $4.7135 per pound.
The U.S. dollar strengthened ahead of a closely watched Federal Reserve meeting, further pressuring metals. While the Fed is expected to hold rates steady, markets will scrutinize Chair Jerome Powell’s comments for clues on future policy direction, particularly amid growing calls for rate cuts from the White House.
Gold and metals traders remain on edge as macroeconomic uncertainty and currency fluctuations continue to influence commodity pricing.
