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Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
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Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Gold Prices Stabilize as Demand for Safe Haven Assets Grows
Gold prices saw a slight increase in Asian trading on Thursday, recovering from recent lows but still below record highs due to ongoing anxiety surrounding the U.S. presidential election and shifting interest rate expectations favoring the dollar.
Despite Wednesday’s declines, gold continues to trade higher for the week, supported by strong safe-haven demand. As of 00:23 ET (04:23 GMT), spot gold rose 0.3% to $2,724.70 an ounce, while December gold futures increased by the same margin to $2,737.15 an ounce. Earlier this week, spot prices reached a peak of $2,758.53 an ounce.
Safe Haven Demand Drives Gold Prices
The yellow metal maintains its strength as geopolitical tensions and domestic political uncertainty keeps investors wary. Harsh rhetoric from Israeli officials regarding Iran has heightened fears of potential escalations in the ongoing conflict, while tensions continue between Israel and Hamas.
In the U.S., Republican nominee Donald Trump is perceived to be gaining an advantage over Vice President Kamala Harris just weeks before the election, leading to a climate of uncertainty that favors safe haven assets like gold.
Broader Market Trends in Precious Metals
The strengthening of haven demand has helped gold and other precious metals withstand the dollar's gains, supported by expectations of slower interest rate cuts. Other precious metals also recorded gains, with platinum futures up 0.7% to $1,037.80 an ounce and silver futures rising 0.6% to $34.050 an ounce.
Industrial Metals Update: Copper Prices Rise
In the industrial metals sector, copper prices rose by 0.7% to $9,581.50 a ton, while December futures climbed to $4.3637 a pound. Market attention is now focused on upcoming purchasing managers index reports from the U.S. and Eurozone, with traders looking for indications of potential fiscal stimulus in China.
