Gold Dec 23 (GC=F)
| Pre. Settlement | N/A |
| Settlement Date | 2023-12-27 |
| Open | 1,838.70 |
| Bid | 1,837.60 |
| Last Price | 1,841.50 |
| Day's Range | 1,834.50 - 1,840.60 |
| Volume | |
| Ask | 1,837.70 |
- Reuters
GLOBAL MARKETS-Asia stocks slump as bond selloff spooks markets
Asian stocks sank to 11-month lows on Wednesday as an ongoing rout in global bond markets saw U.S. yields reach 16-year highs, challenging equity valuations and souring appetite for risk assets in general. The spike in Treasury yields lifted the dollar to new heights with only the yen showing some fight amid speculation the Japanese authorities might be intervening behind the scenes. There was no confirmation from Tokyo, where Japan's finance minister and top currency diplomat have made no direct comment on the move.
- Reuters
GLOBAL MARKETS-Asia stocks hit 11-month low, yen spike stirs intervention talk
Asian stocks fell to a 11-month low on Wednesday after another piece of resilient U.S. economic data sent Treasury yields to fresh highs, while a sharp rise in the yen had traders speculating that Japanese authorities stepped into the market. The yen breached the 150-per-dollar level before suddenly shooting to 147.3. There was no confirmation from Tokyo, where Japan's top currency diplomat made no direct comment on the move.
- Reuters
MORNING BID ASIA-Breaking point?
Another crushing selloff in U.S. Treasuries, one of the biggest falls in world stocks this year, suspected currency market intervention from Japan and political turmoil in Washington as House of Representatives speaker Kevin McCarthy was booted from his job. It's probably also safe to say Asian markets will open on the defensive and investors will be running for cover on Wednesday. It is up almost 25 basis points in barely 48 hours.
