Asia Markets Mixed in Christmas Eve Trading; Gold Crosses $4,500 for the First Time

Asia Markets Mixed in Christmas Eve Trading

Asia-Pacific markets traded mixed on Wednesday as several indexes are set to close early in lieu of the Christmas Eve holiday.

Mixed Trading

The Nikkei 225 in Japan fell 0.11%, while the Hang Seng Index in Hong Kong rose 0.35%. The CSI 300 in China was down 0.15%.

Gold Surpasses $4,500

Gold prices surged to a new record high, crossing $4,500 for the first time. The precious metal has been a safe-haven asset for investors in recent times.

Market Sentiment

The mixed trading in Asia-Pacific markets reflects the cautious sentiment among investors ahead of the Christmas Eve holiday. The shortened trading session may lead to a lackluster open in European markets on Thursday.

Impact on Economy

The rise in gold prices may have a positive impact on the economy, as it indicates a decrease in investor confidence. However, the mixed trading in Asia-Pacific markets may lead to a volatile open in European markets on Thursday.

Sources

[1] Asia markets mixed in Christmas Eve trading; gold crosses $4,500 for the first time