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Asian Shares Swing Higher After a Wobbly Day on Wall Street

Gold has surged nearly 60% in 2025 as investors seek a safe haven amid trade tensions and expectations of multiple Federal Reserve interest rate cuts.

  • Asian shares increased as hopes for a U.S. interest rate cut rose despite trade tensions between Washington and Beijing.
  • Jerome Powell, the Federal Reserve Chair, indicated that the Fed is concerned about the job market, raising expectations for future rate changes.
  • The S&P 500 fell by 0.2% to 6,644.31, while the Dow Jones Industrial Average rose by 0.4%.
  • U.S. benchmark crude oil decreased by 10 cents, settling at $58.60 per barrel.
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Associated Press NewsAssociated Press News
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Asian shares swing higher after a wobbly day on Wall Street

Shares have swung higher in Asia as hopes for a U.S. interest rate cut helped to offset worries over simmering trade tensions between Washington and Beijing.

·United States
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  • 56% of the sources are Center
56% Center

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goldseek.com broke the news in on Tuesday, October 14, 2025.
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