NEW YORK/SINGAPORE: Gold hit a record high, the dollar was firm and Hong Kong shares advanced to a four-month peak on Tuesday as investors navigated shifts in U.S. trade policy and waited to hear from Federal Reserve Chair Jerome Powell on tariffs and inflation.
Oil prices clung to a sharp overnight bounce. Hong Kong's Hang Seng has rallied more than 12% in a month as Donald Trump's administration has threatened, then suspended, blanket tariffs on Canada and Mexico - seemingly confirming investor assumptions that everything is negotiable.
