Published • loading... • Updated
Asian Shares Trade Higher Ahead of Lunar New Year Holidays and Gold Prices Fall
Asian equities rose with subdued trading ahead of Lunar New Year as gold fell 1.1% to $4,994.60 per ounce amid easing US inflation and Japan's weak GDP growth.
- Trading was thin, as Chinese, South Korean, and Taiwanese markets were closed for the Lunar New Year holidays.
- Prices of precious metals like gold and silver fell, with gold slipping below $5,000 per ounce.
- Markets priced in a higher probability of deeper Federal Reserve rate cuts this year, driving real yields lower and supporting gold demand, according to Standard Chartered.
Insights by Ground AI
Podcasts & Opinions
95 Articles
95 Articles
Trump's statements and the Chinese Lunar New Year also contributed to the decline in the price of the precious metal.
World Shares Mostly Advance, Japan Falls Ahead of Lunar New Year ...
·Washington, United States
Read Full ArticleCoverage Details
Total News Sources95
Leaning Left23Leaning Right12Center40Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 31%
C 53%
R 16%
Factuality
To view factuality data please Upgrade to Premium

























