Stocks muted, gold at new peak as markets weigh Fed cut timing

FILE PHOTO: A passerby walks past an electric monitor displaying recent movements of various stock prices outside a bank in TokyoTOKYO - Asian equities were in a subdued mood on Friday as investors pondered the path for Federal Reserve interest rate cuts amid a murky U.S. inflation outlook.

Fed officials said on Thursday there was no urgency to ease, with Boston Fed President Susan Collins saying the strength of the economy and uneven retreat in inflation argued against a near-term push to lower rates."Putting the pieces together at the end of a busy week, if U.S. economic growth remains resilient, inflation remains contained, and the sell-off in the bond market doesn't accelerate, the backdrop for U.S.

Long-term U.S. Treasury yields stood at 4.5641% in Asian trading, staying close to the overnight high of 4.5680%, a level last seen on Nov. 14. The euro bought $1.07245 after dipping to a nearly two-month trough at $1.0699 on Thursday, when the European Central Bank signalled that rate cuts may come soon.Crude oil prices rose after Iran vowed to retaliate for a suspected Israeli airstrike on its embassy in Syria.

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