Wall Street Futures Steady as Markets Await Fed Decision; Nvidia Gains on China Chip Sales Approval 
Australian Dollar Rises as RBA Holds Rates and Signals Persistent Inflation Risks 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Asian Currencies Hold Steady as Traders Await Fed Decision; Aussie Dollar Edges Higher 
Oil Prices Dip as Markets Watch Ukraine Peace Talks and U.S. Rate Decision 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Canada Stocks Steady as Markets Await Fed and BoC Decisions 
Asian Markets Slip as Investors Brace for Fed Rate Cut and Global Policy Decisions 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Oil Prices Hold Steady as Markets Track Ukraine Peace Talks and U.S. Rate Decision 
Stocks Slip as Investors Brace for Fed Decision and JPMorgan Warning Weighs on Markets 
China Warns of Rising Global Risks as Tariff Pressures Intensify in 2025 
Silver Prices Surge to New Record Above $60 as Supply Concerns and Fed Expectations Boost Demand 
Gold prices dropped in Asian trading on Wednesday, weighed down by improved risk appetite following news of upcoming high-level trade talks between the U.S. and China. Spot gold slipped 1.3% to $3,384.71 an ounce, while June gold futures declined 0.9% to $3,392.74/oz.
The announcement of U.S.-China negotiations in Switzerland spurred gains in Asian equities and Wall Street futures, reducing demand for safe-haven assets like gold. Despite ongoing geopolitical tensions, including escalating military actions between India and Pakistan, gold failed to attract strong haven inflows, reflecting broader market optimism.
Earlier in the week, gold had edged higher, nearing record levels amid uncertainty surrounding global trade. However, optimism over renewed diplomatic efforts reversed that momentum. Investors remain cautious about the outcome of the talks, especially after U.S. President Donald Trump stated he had no plans to sign a trade deal soon. Meanwhile, both countries have imposed steep tariffs exceeding 100%, and recent economic data shows growing pressure on their respective economies.
Other precious metals also weakened. Platinum futures fell 0.5% to $987.40/oz, and silver dropped 0.5% to $33.208/oz. Industrial metals mirrored the decline, with London copper futures down 0.9% at $9,456.50 per ton and U.S. copper futures losing 0.9% to $4.7135 per pound.
The U.S. dollar strengthened ahead of a closely watched Federal Reserve meeting, further pressuring metals. While the Fed is expected to hold rates steady, markets will scrutinize Chair Jerome Powell’s comments for clues on future policy direction, particularly amid growing calls for rate cuts from the White House.
Gold and metals traders remain on edge as macroeconomic uncertainty and currency fluctuations continue to influence commodity pricing.
