Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
The Japanese yen weakened to a two-month low against the U.S. dollar on Tuesday as investors focused on fiscal dove Sanae Takaichi’s expected cabinet lineup following her victory in the ruling Liberal Democratic Party (LDP) leadership race. Market watchers anticipate a more expansionary economic approach under Takaichi, pushing domestic bond yields higher and testing demand in the upcoming debt auction.
The yen slipped 0.2% to 150.59 per dollar, briefly touching 150.62 — its weakest level since August 1 — while falling to a record 176.35 per euro. Analysts say Japanese officials may soon intervene verbally to prevent further currency weakness as it breaches the psychologically critical 150 threshold. “It’s a very important level, psychologically and economically,” said Bart Wakabayashi, Tokyo Branch Manager at State Street. “The Bank of Japan and Ministry of Finance likely prefer a stronger yen, so comments may begin emerging soon.”
Takaichi, seen as the most dovish of five contenders to replace outgoing Prime Minister Shigeru Ishiba, is expected to prioritize fiscal stimulus. Her stance contrasts sharply with Ishiba’s hawkish policies, prompting speculation that government spending and debt issuance could rise. The yield on 30-year Japanese government bonds climbed to an all-time high amid expectations of broader fiscal measures.
Meanwhile, the euro struggled following the resignation of France’s new Prime Minister Sebastien Lecornu and his cabinet, as European Central Bank officials signaled that rate cuts might be needed if inflation risks continue to fade. The dollar index inched up 0.05% to 98.17, with the euro steady at $1.1705.
U.S. markets remain on edge as the government shutdown delays key economic data, including last week’s jobs report. Traders now await comments from Federal Reserve officials and the release of September FOMC meeting minutes, with expectations of a 25-basis-point rate cut at the Fed’s October 28–29 meeting.
