The Headlines – 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.

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