Overview
- Market-implied probability of a December rate cut has dropped sharply, sliding from about 70% to roughly 40–50% in recent days.
- Spot gold has fallen for several sessions to near $4,039 per ounce, with analysts citing a stronger dollar and softer near-term easing odds.
- Bitcoin slipped below $90,000 for the first time in seven months, wiping out its 2025 gains as risk appetite weakened.
- India reported a record October trade deficit of $41.68 billion, driven by higher gold and oil imports and weaker exports linked to U.S. tariffs.
- Indonesia finalized a draft rule for a gold export levy with rates under discussion around 7.5%–15%, while a Reuters poll points to a possible 50 bps cut by Egypt’s central bank.