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Gold prices rise, keep record highs in sight amid bets on smaller rate cut

Gold prices edged higher in Asian trading on Thursday, remaining close to record levels as traders anticipated that the yellow metal would continue to benefit from a lower interest rate environment. However, expectations for a significant rate cut by the Federal Reserve diminished after core consumer price index (CPI) data for August came in higher

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Asian chip stocks track Nvidia rally on AI hopes

Asian chipmaking stocks surged on Thursday, following an overnight rally in Nvidia after CEO Jensen Huang made optimistic remarks regarding artificial intelligence (AI) demand. Nvidia’s suppliers, including Taiwan Semiconductor Manufacturing Company (TSMC), SK Hynix, Hon Hai Precision Industry (Foxconn), and Advantest Corp., saw gains ranging between 4% and 8%. Broader semiconductor stocks also performed well,

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Futures inch up with Fed minutes, Nvidia results on tap for the week :

Asia FX muted, dollar strong as sticky CPI fuels bets on smaller rate cut

Most Asian currencies traded within a narrow range on Thursday, while the U.S. dollar strengthened after a robust U.S. consumer inflation report dampened expectations for significant Federal Reserve interest rate cuts. Japan’s yen weakened further due to soft inflation data, moving off its eight-month highs. Despite this, the yen remained relatively strong as hawkish remarks

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Asian stocks rise as tech tracks Nvidia rally; Japan surges on soft inflation

Most Asian stocks rose on Thursday, with technology shares rallying after Nvidia’s strong performance, while Japanese markets surged due to weaker-than-expected producer inflation, which countered recent hawkish signals from the Bank of Japan (BOJ). Technology stocks across the region followed their U.S. counterparts higher after NVIDIA Corporation (NASDAQ: NVDA) CEO Jensen Huang highlighted robust demand

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