Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
The Australian government bonds slumped during Asian session Friday as investors wait to watch the Reserve Bank of Australia’s (RBA) monetary policy decision, scheduled to be held by early next week. Also, markets remain volatile amid the ongoing geopolitical and trade tensions.
The yield on Australia’s benchmark 10-year Note, which moves inversely to its price, jumped nearly 3 basis points to 2.69 percent, the yield on the long-term 30-year Note rose nearly 1 basis point to 3.21 percent and the yield on short-term 2-year traded 3 basis points up at 2.01 percent by 04:00 GMT.
As the Reserve Bank of Australia (RBA) gets ready to make another decision on cash rates, experts are discussing the unlikelihood of a rise until next year. The RBA has kept rates at a record low of 1.5% since August 2016. Governor Philip Lowe, who will make the next rates announcement on Tuesday (5 June), has previously said the next move will be a hike.
Italy's political woes have rattled global financial markets in recent sessions, amid renewed concerns over the prospect that snap elections in Rome could be framed as a de facto referendum on the country's role in Europe. Hopes that a vote can be avoided emerged on Wednesday after reports claimed a populist trio of the 5 Star Movement, the League and Brothers of Italy were pushing to form a coalition government.
Meanwhile, the S&P/ASX 200 index traded 0.27 percent lower at 5,991.50 by 04:10 GMT, while at 04:00GMT, the FxWirePro's Hourly AUD Strength Index remained neutral at -23.65 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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