Gold at record highs as rate cuts beckon, Trump talk hits Taiwan stocks

SINGAPORE - Gold hit a record and bonds rallied on Wednesday as markets prepared for global interest rates to fall, while stocks in Taiwan slipped after U.S. presidential candidate Donald Trump sounded lukewarm in his commitment to the island's defence.scaled record highs overnight and futures were steady in Asia. MSCI's broadest index of Asia-Pacific shares outside Japan was flat and

Elsewhere in Asia, New Zealand shares hit their highest since March 2022 after data showed inflation slowing, though the rates market dipped and the currency rose on sticky domestically driven inflation. Ten-year yields were steady at 4.175% and two-year yields hovered at 4.445%. Bond markets in Australia, Japan and South Korea rallied.

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