Major Asian stock indices climbed sharply on Friday, fueled by record highs in gold and silver prices, reflecting heightened investor caution amid global economic uncertainty. The rally underscores growing appetite for safe-haven assets.
- ASX 200 rose 1.8%, HSI surged 2.3% on Friday
- Gold hit $2,450/oz, silver reached $34.70/oz — record highs
- Safe-haven demand driving both equity and commodity moves
- Mining and financial sectors led sectoral gains
- Commodity-driven rally signals broader market caution
- Investors monitoring implications for global monetary policy
Asia’s equity markets posted strong gains as benchmark indices across the region advanced, with Australia’s ASX 200 rising 1.8% and Hong Kong’s HSI surging 2.3%. The surge coincided with gold and silver reaching all-time highs, with gold surpassing $2,450 per ounce and silver hitting $34.70 per ounce—levels not seen since prior market cycles of elevated risk aversion. The spike in precious metals reflects increasing concerns over inflationary pressures, persistent geopolitical tensions, and central bank policy uncertainty. Analysts noted that rising metal prices typically coincide with weakening confidence in traditional fiat assets and a flight to stability, particularly in volatile macroeconomic environments. Key sectors benefited from the rally, including financials and mining firms, which saw shares climb on expectations of higher commodity pricing and stronger margins. Consumer discretionary stocks also gained, supported by optimism around holiday season demand and easing supply chain bottlenecks. Market participants are now assessing whether the recent strength in equities and commodities indicates a sustained shift toward risk-off sentiment or a temporary reaction to short-term macro shifts. The developments may influence upcoming monetary policy decisions, especially in major economies like the U.S. and China.