BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Gold prices stabilized in Asian markets on Tuesday, following a pullback triggered by mixed signals around the Israel-Iran conflict and U.S. involvement. Spot gold edged up 0.2% to $3,392.25 per ounce, while August gold futures slipped 0.2% to $3,410.70.
Monday saw bullion surge above $3,450 before reversing, as reports of Iran seeking a ceasefire sparked risk-on sentiment. However, Iran later denied any intention to negotiate under Israeli attacks. U.S. President Donald Trump intensified concerns with a stark warning to “immediately evacuate Tehran,” though the White House clarified the U.S. would not engage directly in the conflict.
Despite the heightened geopolitical risk, reports from Axios suggested Washington is still pursuing diplomatic talks with Tehran regarding both a ceasefire and the nuclear deal, though no date has been confirmed. Uncertainty over Middle East developments continues to influence gold market direction.
Meanwhile, broader precious and industrial metals were under pressure as investors await the Federal Reserve’s policy decision. The Fed is expected to keep rates unchanged, but traders are watching Chair Jerome Powell’s comments for signals on future monetary policy.
Among other metals, silver rose 0.2% to $36.503 per ounce, while platinum dipped 0.1% to $1,239.90. Copper prices weakened, with London futures down 0.4% to $9,674.75 per ton, and U.S. copper flat at $4.8163 per pound. Despite a softer U.S. dollar, sentiment remained cautious ahead of the Fed announcement.
Citi analysts warned that gold could drop below $3,000 in the coming quarters as the current rally loses momentum. Investor demand for safe-haven assets like gold may also decline if geopolitical tensions ease and interest rates remain elevated.
