South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Gold prices slipped in Asian trading on Monday as renewed risk appetite and a surge in expectations for a December U.S. Federal Reserve rate cut reduced demand for the safe-haven metal. Markets reacted to a rebound in equities and improved sentiment across risk-driven assets, alongside reports suggesting the U.S. is working toward facilitating a Russia-Ukraine ceasefire.
Despite the downward pressure, gold remained above the $4,000 per ounce mark, supported by ongoing concerns over global fiscal stability and heightened geopolitical tensions stemming from a China-Japan diplomatic dispute. Anticipation of several key U.S. economic reports scheduled for release this week also helped limit deeper losses, reinforcing expectations of potential near-term rate reductions.
Spot gold edged down 0.3% to $4,052.53 per ounce, while December gold futures dropped 0.7% to $4,086.10 by 01:07 ET (06:07 GMT). The metal lagged behind other precious commodities as traders sharply increased their bets on a 25-basis-point rate cut at the Fed’s December 9–10 meeting. According to CME FedWatch, the probability jumped to 67.3%, up significantly from last week’s 39.8%. Comments from New York Fed Governor John Williams, who noted easing inflation risks and potential threats to the labor market, fueled the shift in expectations.
Other precious metals outperformed gold, with spot platinum climbing 1.4% to $1,537.65 per ounce. Spot silver was slightly lower at $49.92385 per ounce.
Investors are now focused on a packed week of long-delayed U.S. economic data releases, expected to provide fresh insight into the country’s economic trajectory heading into December. Reports due include industrial production, capacity utilization, PPI, retail sales, building permits, durable goods, weekly jobless claims, and importantly, third-quarter GDP numbers. The Fed’s preferred inflation gauge, the PCE price index, is also set for publication.
These data points—delayed due to an extended government shutdown—may help clarify the economic outlook, though the lack of October figures means the Federal Reserve could still face uncertainty heading into its final meeting of the year, where policymakers remain split on further rate cuts.
