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Asian Shares Trade Higher Ahead of Lunar New Year Holidays and Gold Prices Fall
Asian markets showed mixed results with subdued trading before Lunar New Year holidays, as gold fell 1.1% amid weak Japanese GDP and easing U.S. inflation, analysts said.
- 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.
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World Shares Mostly Advance, Japan Falls Ahead of Lunar New Year ...
·Washington, United States
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Times of IndiaReposted by 
The Economic Times
The Economic TimesGlobal Market Today | China market shut for Lunar New Year: What it means for global investors
China's financial markets are observing a seasonal pause for the Lunar New Year, leading to reduced liquidity and potential shifts in global market dynamics. With mainland markets and parts of Hong Kong closed, investors are monitoring commodities, currencies, and risk sentiment for spillover effects during this significant economic period.
·India
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Total News Sources88
Leaning Left20Leaning Right9Center39Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 30%
C 57%
13%
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