Asia shares wobble, oil prices climb and gold makes a comeback
Summary
Asian stocks dipped following US and European losses driven by AI-related fears, oil prices rose due to US-Iran tensions, and gold rebounded after a recent decline.
Key Points
- Asian stocks fell slightly after steep losses in US and European markets amid fears AI could disrupt traditional software sectors.
- Oil prices rose following US military actions against Iranian vessels near key oil shipping routes.
- Gold and silver prices recovered after a significant selloff related to US Federal Reserve policy concerns.
- US Treasury yields remained stable as investors considered the implications of the new Fed nominee, Kevin Warsh.
