Gold, Silver Surge; Nikkei Hits Record; Markets Mixed

Asian markets displayed a mixed performance today, with U.S. futures dipping slightly and Tokyos Nikkei reaching record highs. Gold and silver prices surged to new heights, driven by investors and central banks demand for safe havens amid global uncertainty. The U.S. government shutdown and anticipation of more Federal Reserve interest rate cuts weakened the dollar, further boosting gold. In Tokyo, the Nikkei advanced on a record defense budget approval, while heavy industries and tech stocks led gains. Mainland Chinas Shanghai Composite slipped, but South Koreas Kospi and Taiwans Taiex rose. Markets in Thailand and India fell, and oil prices nudged higher. Bitcoin gained one point seven percent to eighty-nine thousand three hundred as light holiday trading concluded the year. Wall Street is set to reopen for a full session soon, but expect thin volumes due to most positions already being closed out.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.