Optimism over trade negotiations lifted sentiment ahead of the upcoming Trump-Xi summit, while diverging policy paths remain in focus, the ECB is expected to keep rates unchanged, whereas the Fed is widely anticipated to lower borrowing costs. 

Gold edged higher to around $3,970 per ounce, stabilizing after recent declines as investors positioned for the Federal Reserve’s expected rate cut. Markets await comments from Fed Chair Jerome Powell, with another reduction already priced in for December.

Brent crude oil hovered near $64 per barrel, weighed by U.S. sanctions on Russia and persistent oversupply concerns, though a drop in U.S. crude inventories helped limit further losses. 

Check out today's analysis for more updates!