As Gold Hits Record, Stocks Rise Along With Commodities – Asia Market Wrap

Global equities rose as investors banked on a solid end to the year for markets, following a rally in US stocks on Friday.

The MSCI All Country World Index, one of the broadest indicators of the equities market, advanced for the third day and was on track for its highest finish since December 11th. In 2025, it is expected to increase by almost 20%. An index of Asian stocks rose as much as 1.1%, powered by technology, while US futures also improved.

Commodity markets were in focus, with gold and silver reaching new highs and oil rising amid increased geopolitical tensions as Trump tightened a blockade of Venezuela. Copper also hit a new high. Japan’s bond rates surged to multi-year highs following Friday’s rate hike, while the Yen strengthened after the country’s senior currency authority issued a warning about recent swings.

Spot gold rose more than 1%, breaking the previous high of $4,381 per ounce established in October. Silver also set a new record, and platinum advanced for the seventh consecutive session.

Brent surged to roughly $61 per barrel after US forces boarded one tanker and pursued another near Venezuela within weeks of capturing the first vessel. Washington has increased pressure on Venezuela’s leadership, with Trump attempting to cut off its main cash source.