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Asian shares are mixed and gold and silver climb higher after a retreat on Wall St
Gold rose 3.8% and silver 5.1% as investors favored safe-haven assets amid geopolitical tensions and a weaker U.S. dollar while Asian markets mostly gained.
- On Wednesday, Asia shares traded mostly higher despite a Wall Street retreat on selling of technology stocks.
- Investors shifted into safe-haven assets amid geopolitical tensions, a weaker U.S. dollar and tariff uncertainties, while tensions from a U.S.-Iran drone incident partly supported oil prices.
- Tokyo's Nikkei 225 dropped 0.8% to 54,293.36, while South Korea's Kospi gained 1.6% to 5,371.10; gold rose 3.8% and silver jumped 5.1% after silver sank more than 31% on Friday.
- Futures activity and firmer oil underscored spillovers from geopolitics into markets, with S&P 500 futures up 0.2%, Dow Jones Industrial Average futures up 0.3%, and U.S. benchmark crude at $63.80 per barrel.
- Investors' rotation in and out of tech stocks, amid AI concerns, led Nvidia down 2.8% and Nintendo plunging 11%, with safe-haven demand supporting gold over the medium term, analysts say.
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21 Articles
21 Articles
Coverage Details
Total News Sources21
Leaning Left7Leaning Right0Center10Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 41%
C 59%
Factuality
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