Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Gold prices slipped in Asian trading on Thursday, extending recent losses as risk appetite surged following a U.S. federal court ruling against President Donald Trump’s trade tariffs. The decision triggered a rally in risk-driven assets and strengthened the U.S. dollar, weighing heavily on gold and other metals.
Spot gold dropped 0.5% to $3,273.19 per ounce, while August gold futures fell 0.8% to $3,297.25 by 00:47 ET (04:47 GMT). The precious metal is down 2.5% so far this week, pressured by profit-taking after hitting record highs last week and a strengthening dollar.
The U.S. Court of International Trade ruled that Trump exceeded his authority by imposing broad trade tariffs, stating that only Congress can approve such measures. Although the White House immediately appealed the ruling, markets responded with optimism that the tariff agenda might stall, boosting risk sentiment and hurting traditional safe-haven assets like gold and the Japanese yen.
The dollar rallied on hopes that reduced trade uncertainty could support the U.S. economy, further limiting gains in metal markets. Platinum futures inched up 0.2% to $1,080.10, and silver futures gained 0.5% to $33.328 per ounce. Copper futures also saw modest increases, with London Metal Exchange contracts up 0.2% to $9,586.20 per ton and U.S. copper futures rising to $4.6958 per pound.
Investors now await revised U.S. Q1 GDP data due Thursday, after preliminary figures showed an unexpected economic contraction that initially supported gold. The Federal Reserve's latest meeting minutes also revealed ongoing concerns over the economic outlook, adding further uncertainty to market direction.
