Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
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 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold prices held firm in Asian trading on Thursday following a three-day rally, as investors adopted a cautious stance ahead of the key U.S. non-farm payroll report, which could offer fresh signals on the Federal Reserve’s interest rate direction.
Spot gold hovered around $3,352.75 per ounce, while August gold futures inched up 0.1% to $3,363.70 by early morning. The precious metal has gained nearly 2.5% this week, rebounding from last week’s decline, driven by growing expectations of Fed rate cuts and mounting U.S. fiscal concerns.
Market focus remains on Thursday’s jobs report, which may influence the Fed’s policy stance. Fed Chair Jerome Powell’s recent comments were interpreted as dovish, leaving the door open for a potential rate cut in September. Weak inflation data and signs of an economic slowdown have further fueled speculation of earlier and more aggressive easing. President Trump’s renewed criticism of Powell and threats to replace him added to expectations of accommodative monetary policy, weakening the dollar and supporting gold.
Bullion also drew strength from fiscal worries, as the House resumed debate over Trump’s proposed tax-cut bill, projected to raise the U.S. debt by $3.3 trillion. Simultaneously, investor uncertainty over unresolved U.S. trade negotiations—particularly with the July 9 tariff deadline approaching—boosted safe-haven demand.
Despite a 0.1% uptick in the U.S. Dollar Index, it remained near its lowest since February 2022. Other metals saw mixed action: silver traded flat at $36.455 per ounce, platinum fell 1.2% to $1,417.80, and copper futures slipped 0.2% to $9,989.65 a ton in London, though U.S. copper gained 0.6% to $5.187 a pound.
