Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
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 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Gold prices slipped in Asian trade on Tuesday as investors took profits following a sharp rally driven by escalating geopolitical tensions and trade uncertainty. Spot gold dropped 0.6% to $3,361.24 per ounce, while August futures declined 0.4% to $3,384.92 by 00:32 ET. The pullback came after bullion surged over 2% on Monday amid rising safe-haven demand.
Tensions intensified after Ukraine launched a lethal drone strike on Russia, derailing peace efforts. Simultaneously, U.S.-Iran nuclear negotiations showed signs of collapse as President Donald Trump vowed to block uranium enrichment by Tehran. Reports also resurfaced about potential Israeli military action if talks failed, adding to Middle East instability.
Concerns over U.S. trade tariffs and strained relations with China continued to fuel safe-haven interest. However, gold’s momentum eased as the U.S. dollar staged a mild recovery from a six-week low, pressuring metal prices. The rebound followed investor focus on ballooning U.S. debt and a controversial tax cut bill making headway in Congress.
Despite Tuesday’s dip, gold retained most of its recent gains. Ongoing geopolitical risks and market jitters over U.S. economic policies are expected to keep bullion in demand.
Meanwhile, other precious metals also declined. Platinum futures edged down 0.3% to $1,061.20, while silver slid 1.1% to $34.323 per ounce.
Industrial metals faced added pressure. Copper futures dropped 0.5% in London to $9,550.20 per ton, while U.S. contracts plunged 2.5% to $4.7345 per pound. The decline followed weaker-than-expected Caixin PMI data from China, highlighting a contraction in manufacturing and raising fears of slowing demand in the world’s top copper importer.
Persistent global risks, from war to trade policy, continue to influence investor behavior across commodities and currencies.
