Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
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.
