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China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
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U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Gold Prices Surge Amid U.S. Election Uncertainty
Gold prices increased on Tuesday, hovering near a record high reached the previous day due to ongoing uncertainties surrounding the U.S. election and escalating tensions in the Middle East. Spot gold rose by 0.5% to $2,732.44 per ounce, while U.S. gold futures climbed 0.3% to $2,746.20.
This precious metal, often viewed as a hedge against political and geopolitical instability, hit an all-time high of $2,740.37 on Monday, marking a more than 32% increase for the year. IG market strategist Yeap Jun Rong noted, “A confluence of tailwinds remains in place for gold,” including its appeal amidst U.S. election uncertainties and geopolitical risks, alongside robust central bank demand.
With the U.S. presidential election just over two weeks away, political figures like former President Donald Trump and Vice President Kamala Harris are locked in a competitive battle for key states. Recent developments, such as Israel's military actions against Hezbollah in Lebanon and Hamas in Gaza, have further fueled geopolitical tensions.
Traders anticipate an 89% probability of a 25-basis-point interest rate cut by the U.S. Federal Reserve in November, according to the CME FedWatch tool. Notably, gold's rally persists despite a stronger dollar and rising treasury yields, which recently hit a 12-week high.
In related markets, spot silver rose 0.9% to $34.05 per ounce, while Citi Research has revised its silver price forecast to $40 per ounce. Platinum and palladium also saw gains, rising 0.6% and 1.1%, respectively.
