[MARKET UPDATE] Precious metals extend on recent declines with spot gold down around 0.5%, while silver leads the declines with losses of around 1.3% to trade beneath USD 83/oz
The recent declines in precious metals, with gold down approximately 0.5% and silver losing 1.3%, suggest a weakening demand in a context where USD strength may be impacting commodity prices.
Japanese Finance Minister Katayama says not in a situation where an extra budget is needed, adds have JPY 1tln in reserve funds in FY26 budget, but stated there's no immediate need for an extra budget
PRE-MARKET TAIWAN & SINGAPORE STOCKS NEWS: Hon Hai Precision Industry (2317 TT) - Co. Q1 (TWD) net rose 19% Y/Y to 49.92bln, operating profit rose 63% Y/Y to 75.6bln, rev. rose 29% Y/Y to 2.12tln
[MARKET UPDATE] Precious metals extend on recent declines with spot gold down around 0.5%, while silver leads the declines with losses of around 1.3% to trade beneath USD 83/oz
Japan's Minister for Economy, Trade and Industry Akazawa says Can tap FY26 budget reserves if the Middle East impact lasts
Toyota Motor (7203 JT) is to build a new assembly plant in Texas
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This trend could reflect broader risk sentiment or shifts in investor positions, especially if likelihood of tighter monetary policy persists. Watch for how these metals perform against currency fluctuations and future economic data releases, as they could indicate further direction.
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