Canada Stocks Steady as Markets Await Fed and BoC Decisions 
Oil Prices Hold Near Two-Week Highs as Markets Await Fed Rate Cut and Monitor Geopolitical Risks 
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 
Japan’s Q3 Economic Contraction Deepens as Revised Data Signals Stronger Headwinds 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
ECB Signals Steady Rates Ahead as Policymakers Warn of Inflation Risks 
Gold Prices Inch Higher as Fed Rate-Cut Expectations Strengthen 
U.S. Stock Futures Hold Steady Ahead of Key Fed Decision 
UK Job Market Shows Persistent Weakness Ahead of November Budget 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold prices experienced a slight decline during Asian trading on Tuesday, continuing a downward trend fueled by a robust U.S. dollar and expectations of smaller interest rate cuts.
Gold Prices Under Pressure
Spot gold fell 0.1% to $2,645.74 per ounce, while December gold futures dropped 0.1% to $2,662.10 per ounce as of 23:52 ET (03:52 GMT). The metal's inability to reach September's peaks highlights the ongoing pressure from the dollar, which surged to a two-month high on Monday. Hawkish remarks from Federal Reserve officials, particularly Governor Christopher Waller, have further strengthened the dollar by emphasizing a cautious approach to interest rate reductions. Current trading suggests an over 80% probability of a 25 basis point cut in November, compared to the larger 50 basis point cut in September.
Higher interest rates typically diminish gold's appeal, as they increase the opportunity cost of holding non-yielding assets like bullion. This dynamic has contributed to gold's recent struggles.
Industrial Metals Retreat
Meanwhile, industrial metals also faced challenges, with copper prices retreating due to ongoing concerns regarding China, the top importer. Benchmark copper futures on the London Metal Exchange fell 0.2% to $9,633.50 per ton, as investors reacted to mixed signals about China's stimulus plans. Although the Ministry of Finance announced an increase in fiscal spending, the lack of specific details led to disappointment among investors.
Despite positive trade data indicating a rise in Chinese copper imports, the overall trade balance fell more than expected, further intensifying worries about China's economic stability.
In summary, gold and copper prices are under significant pressure due to strong dollar and economic concerns in China, which could have lasting implications for investors in the metals market.
