European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Gold prices edged higher in Asian trade on Wednesday, recovering slightly from the previous session’s sharp losses. A weaker U.S. dollar provided support, even as easing geopolitical tensions reduced demand for safe-haven assets.
Spot gold rose 0.2% to $3,329.93 an ounce, while August gold futures gained 0.3% to $3,344.70 as of 06:16 GMT. The precious metal had dropped over 1% on Tuesday following U.S. President Donald Trump’s announcement of a ceasefire between Israel and Iran.
Although the truce brought temporary relief to global markets, uncertainty lingers. Trump accused both nations of violating the agreement just hours after the initial announcement, fueling skepticism about its durability. Gold, often seen as a hedge against geopolitical instability, has struggled to maintain gains as the ceasefire holds for now.
Supporting bullion prices, the U.S. Dollar Index dipped 0.1%, nearing a one-week low. A weaker dollar typically boosts gold demand by making it more affordable for overseas buyers. Additionally, Federal Reserve Chair Jerome Powell told Congress that the central bank needs more time to assess the inflationary impact of rising tariffs, suggesting a cautious stance on future interest rate moves.
Other metals also saw modest gains. Silver futures rose 0.5% to $35.928 per ounce, while platinum held steady at $1,318.15. In base metals, copper was supported by the softer dollar, with London Metal Exchange futures up 0.5% at $9,723.35 a ton. U.S. copper futures remained flat at $4.9015 per pound.
