Asian equities climb: Investors weigh US-China trade tensions, Fed rate cut expectations; gold rallies

Asian markets rose for a second day, buoyed by expectations of Federal Reserve rate cuts amid softer US economic data. Investors are weighing escalating US-China trade war tensions, with US President Trump threatening higher tariffs, against signals of potential monetary easing. Gold prices reached new daily records as safe-haven assets climbed.

Asian equities climb: Investors weigh US-China trade tensions, Fed rate cut expectations; gold rallies
Asian markets rose for a second day, buoyed by expectations of Federal Reserve rate cuts amid softer US economic data. Investors are weighing escalating US-China trade war tensions, with US President Trump threatening higher tariffs, against signals of potential monetary easing. Gold prices reached new daily records as safe-haven assets climbed.