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Tech-Led Asian Rally Extends as Gold Jumps After U.S. Ouster of Maduro

Attention shifts to U.S. jobs data to test expectations for limited 2026 Fed cuts.

Overview

  • Asian benchmarks climbed, with Japan and South Korea advancing roughly 2% to 3% and Taiwan higher as semiconductor shares led gains.
  • Gold rose about 2% and silver roughly 6% as investors sought havens following the U.S. capture of Venezuela’s Nicolas Maduro.
  • Oil prices fluctuated around $57–$61 a barrel as traders weighed Venezuela’s deteriorated capacity and the uncertain timeline for restoring output.
  • December FOMC minutes highlighted divisions that temper hopes for aggressive easing in 2026, putting fresh focus on the upcoming payrolls report.
  • Indian equities opened cautious with pressure on IT shares, while investors tracked services PMIs, the approaching Q3 IT earnings, and shifts in foreign and domestic flows.