Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
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 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
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 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Gold prices edged higher in Asian trading on Thursday, snapping a four-day losing streak as the Federal Reserve’s expected rate cut and uncertainty surrounding U.S.-China trade talks provided support. Spot gold climbed 1% to $3,967.03 an ounce at 02:51 ET (06:51 GMT), while U.S. gold futures slipped 0.4% to $3,983.10. The yellow metal had fallen for four consecutive sessions, hitting a three-week low earlier this week after plunging from last week’s record high above $4,300 per ounce amid heavy profit-taking and reduced safe-haven demand.
The Fed’s decision to trim its benchmark interest rate by 25 basis points to 3.75%-4.00% briefly pressured the dollar, lending support to non-yielding bullion. However, gains were limited after Fed Chair Jerome Powell signaled that another rate cut in December was “far from a foregone conclusion.” His cautious remarks dampened investor optimism for a longer easing cycle, tempering gold’s rally.
Meanwhile, geopolitical developments added further support. Former U.S. President Donald Trump and Chinese President Xi Jinping met in Busan, South Korea, where Trump described the talks as “amazing.” The two leaders reportedly agreed to reduce U.S. tariffs on Chinese goods from 57% to 47%, with China pledging to increase U.S. soybean imports and ease restrictions on rare-earth exports. Still, markets were left seeking concrete details, especially on key issues like semiconductor and agricultural trade.
The lack of clarity in trade policy, combined with the Fed’s dovish stance, lifted gold off recent lows below $3,900. Elsewhere, silver futures dipped 0.7% to $47.605 per ounce, platinum futures rose 0.7% to $1,594.80, and copper prices retreated after hitting a record high on the London Metal Exchange due to supply disruptions and profit-taking.
