{"id":120481,"date":"2025-10-31T12:55:35","date_gmt":"2025-10-31T08:55:35","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120481"},"modified":"2025-10-31T12:55:37","modified_gmt":"2025-10-31T08:55:37","slug":"gold-slips-in-asia-set-for-a-second-weekly-loss-as-fed-caution-and-easing-u-s-china-tensions-sap-haven-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-slips-in-asia-set-for-a-second-weekly-loss-as-fed-caution-and-easing-u-s-china-tensions-sap-haven-demand\/10\/31\/market-updates\/","title":{"rendered":"Gold slips in Asia, set for a second weekly loss as Fed caution and easing U.S.\u2013China tensions sap haven demand"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Gold fell in Asian trade on Friday, putting the metal on course for a second straight weekly decline, after the Federal Reserve struck a cautious tone on further rate cuts and signs of easing U.S.\u2013China trade tensions tempered safe-haven flows.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong> dipped <strong>0.4% to $4,008.65\/oz<\/strong> by 01:49 ET (05:49 GMT), giving back part of Thursday\u2019s sharp advance.<\/li>\n\n\n\n<li><strong>U.S. gold futures<\/strong> inched <strong>0.1% higher to $4,019.90\/oz<\/strong>.<\/li>\n\n\n\n<li>Despite a <strong>>2% jump<\/strong> in the prior session, bullion is <strong>down ~2.6% on the week<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong>Macro drivers<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Fed lowered its policy rate by <strong>25 bps<\/strong> to <strong>3.75%\u20134.00%<\/strong>, but Chair <strong>Jerome Powell<\/strong> stressed that a December cut was \u201cfar from a foregone conclusion.\u201d Yields and the dollar firmed in response, undermining non-yielding assets like gold.<\/li>\n\n\n\n<li>Risk appetite improved after <strong>President Donald Trump<\/strong> described progress with <strong>China<\/strong> as \u201camazing,\u201d flagging a deal \u201cpretty soon.\u201d The leaders met in <strong>South Korea<\/strong> on Thursday, agreeing to cut a <strong>10% tariff on fentanyl-linked imports<\/strong>; China also <strong>resumed U.S. soybean purchases<\/strong> and <strong>paused new rare-earth export curbs<\/strong>\u2014developments that diluted haven bids.<\/li>\n<\/ul>\n\n\n\n<p><strong>Balance of risks<\/strong><br>Near-term momentum remains fragile, but analysts note potential underpinnings from <strong>central-bank buying<\/strong> and persistent <strong>global uncertainty<\/strong>.<\/p>\n\n\n\n<p><strong>Metals snapshot<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Silver futures:<\/strong> \u22120.3% to <strong>$48.48\/oz<\/strong><\/li>\n\n\n\n<li><strong>Platinum futures:<\/strong> +0.4% to <strong>$1,617.45\/oz<\/strong><\/li>\n\n\n\n<li><strong>LME copper (benchmark):<\/strong> \u22120.4% to <strong>$10,866.20\/ton<\/strong><\/li>\n\n\n\n<li><strong>U.S. copper futures:<\/strong> \u22120.6% to <strong>$5.07\/lb<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>China watch<\/strong><br>Fresh data showed <strong>Chinese manufacturing<\/strong> contracted for a <strong>seventh straight month<\/strong>, reinforcing growth concerns and stoking speculation of <strong>additional policy support<\/strong> from Beijing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold fell in Asian trade on Friday, putting the metal on course for a second straight weekly decline, after the Federal Reserve struck a cautious tone on further rate cuts and signs of easing U.S.\u2013China trade tensions tempered safe-haven flows. Spot gold dipped 0.4% to $4,008.65\/oz by 01:49 ET (05:49 GMT), giving back part of &hellip;<\/p>\n","protected":false},"author":9,"featured_media":116449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-120481","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120481"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120481\/revisions"}],"predecessor-version":[{"id":120482,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120481\/revisions\/120482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/116449"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}