Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Gold prices eased in Asian trading on Tuesday, retreating from record highs as investors took profits and optimism grew over potential progress in U.S.–China trade talks. Spot gold slipped 0.8% to $4,322.95 per ounce by 02:27 ET (06:27 GMT), pulling back from Monday’s all-time peak of $4,381.21. U.S. gold futures for December delivery also fell 0.5% to $4,339.35 per ounce.
The decline followed comments from U.S. President Donald Trump, who struck a conciliatory tone on trade relations with China, expressing hope for a “strong and fair” deal ahead of a meeting with President Xi Jinping at a summit in South Korea next week. Meanwhile, Treasury Secretary Scott Bessent is scheduled to meet Chinese Vice Premier He Lifeng in Malaysia this week, signaling renewed diplomatic engagement despite ongoing tariff threats that could see 100% duties imposed on Chinese goods starting November 1.
Adding to the improving market sentiment, White House economic adviser Kevin Hassett said the prolonged U.S. government shutdown could end soon as negotiators close in on a bipartisan deal. The easing of political and trade-related uncertainty reduced the safe-haven demand that recently drove gold to record highs.
Investors are now turning their attention to the delayed U.S. Consumer Price Index (CPI) data due Friday. Analysts expect inflation to rise around 3.1% year-on-year. A stronger-than-expected reading could dampen hopes for a rate cut at the Federal Reserve’s October meeting.
Despite the pullback, gold remains supported by expectations of future Fed easing, central bank purchases, and ongoing trade risks.
Other metals also weakened as a firmer U.S. dollar made commodities more expensive for foreign buyers. Silver futuresfell 1.5% to $50.68/oz, platinum dropped 1.1% to $1,633.60/oz, while copper futures edged down 0.2% to $10,666.20 per ton in London and declined 1% to $5.00 per pound in the U.S.
