RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
Gold prices fell in Asian trading on Friday, pressured by a resilient U.S. dollar and mixed signals surrounding President Donald Trump’s trade tariff agenda. Spot gold dropped 0.7% to $3,293.44 an ounce, while August gold futures slipped 0.8% to $3,316.67 by early morning trade.
The yellow metal is on track for a weekly loss, driven by sustained dollar strength and profit-taking following record highs earlier in May. Despite brief gains after an appeals court reinstated Trump’s proposed tariffs, uncertainty surrounding his shifting stance limited support for bullion. Earlier in the week, gold prices declined when Trump delayed imposing steep tariffs on the EU, followed by a court ruling temporarily blocking those tariffs.
The dollar held firm, supported by better-than-expected U.S. GDP data showing a smaller contraction in Q1 and Federal Reserve comments suggesting no near-term rate cuts. These developments bolstered the dollar, applying downward pressure on gold and other precious metals. Platinum fell 0.6% to $1,074.85 per ounce, and silver slid 1% to $33.075. Industrial metals also weakened, with LME copper down 0.1% to $9,564.40 per ton and U.S. copper futures dipping 0.4% to $4.6535 per pound.
Markets are now focused on the upcoming PCE price index data—considered the Fed’s preferred inflation gauge—which is expected to show persistent inflation above the central bank’s 2% target. This could further reinforce the Fed’s cautious stance on interest rates.
Meanwhile, social media buzzed with the term “TACO” (“Trump Always Chickens Out”), mocking the president’s inconsistent trade policy moves, which have added volatility but little clear direction for the gold market.
