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Meanwhile, Australia’s ASX 200 gained 0.22%, bucking the broader market trend. Gains in commodity-linked stocks underpinned the index.
- Gold Stocks: Northern Star Resources (NST) soared 4.82% as gold rallied to a Friday morning record high of $3,078.
- Mining Stocks: BHP Group Ltd. (BHP) and Rio Tinto Ltd. (RIO) rose 0.77% and 1.07%, respectively. Iron ore futures climbed 0.44%, extending gains from Thursday, driving demand for mining stocks.
Risk aversion fueled the demand for gold. However, China’s stimulus goals could cushion Trump’s tariff drag by boosting domestic consumption, supporting Aussie exports.
Outlook: Markets Monitor Tariffs and Central Bank Cues
Markets remain sensitive to developments in tariff policy, potential retaliations, and central bank communication. Renewed US-China tensions could affect the global economy and dampen risk sentiment. However, Beijing may respond with fresh stimulus to cushion growth, supporting equity markets in Hong Kong and Mainland China.
At the same time, forward guidance from major central banks remains crucial amid lingering inflation risks and geopolitical headwinds.
How can investors navigate the tariff-driven market volatility? Explore our full analysis here for trading strategies in today’s volatile landscape.
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