Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Gold prices declined in Asian trading on Monday, extending last week’s losses as easing U.S.-China trade tensions reduced demand for the metal’s safe-haven appeal. Spot gold dropped 1.3% to $4,060.80 per ounce at 00:44 ET (04:44 GMT), while U.S. gold futures fell 1.6% to $4,072.60. The yellow metal ended its nine-week winning streak last week after touching record highs above $4,300 per ounce, with investors locking in profits amid improving geopolitical sentiment and expectations of monetary easing.
The latest decline followed reports that U.S. and Chinese officials reached a preliminary trade framework during ASEAN meetings in Malaysia. The deal, expected to be finalized later this week when Presidents Donald Trump and Xi Jinping meet in South Korea, signaled a possible extension of the trade truce and a step toward a broader agreement. U.S. Treasury official Scott Bessent noted that the “threat of a 100% tariff has gone away,” easing fears of renewed trade escalation and encouraging risk appetite among investors, which weighed on gold prices.
Despite the dip, losses were limited by growing expectations that the Federal Reserve will cut interest rates by 25 basis points at its October 29 policy meeting. A weaker U.S. CPI report last week reinforced these forecasts, with markets now anticipating further easing through year-end. Lower interest rates typically support gold by reducing the opportunity cost of holding non-yielding assets and weakening the U.S. dollar, making bullion more attractive to global buyers.
Other precious metals also slipped, with silver futures down 1.4% to $47.91 per ounce and platinum futures falling 0.9% to $1,587.10. In contrast, copper surged to a record high of $11,078 a ton on the London Metal Exchange, supported by supply disruptions and optimism over U.S.-China trade progress.
