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Asian Shares Trade Higher Ahead of Lunar New Year Holidays and Gold Prices Fall
Markets faced thin trading ahead of Lunar New Year with Japan's GDP growth at 0.1%, gold prices dipping below $5,000 per ounce, and mixed Asian share performance.
- Trading was thin, as Chinese, South Korean, and Taiwanese markets were closed for the Lunar New Year holidays.
- Prices of precious metals like gold and silver fell, with gold slipping below $5,000 per ounce.
- Markets priced in a higher probability of deeper Federal Reserve rate cuts this year, driving real yields lower and supporting gold demand, according to Standard Chartered.
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World Shares Mostly Advance, Japan Falls Ahead of Lunar New Year ...
·Washington, United States
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Total News Sources94
Leaning Left22Leaning Right11Center39Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 31%
C 54%
15%
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