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THE ASIA DAYBOOK: METALS DAYBOOK ASIA: Gold Knocked by Fed; Junior Miner’s Surge

(Bloomberg) — Gold demand appears to be fizzling on the Federal Reserve, with open interest dropping to the lowest in more than five weeks. A little-known Canadian miner surged almost 1,000 percent after it said it sold a magnesium deposit to a U.S. buyer for $750 million. PRICES PRECIOUS: Gold …

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THE ASIA FX/RATES DAYBOOK: FX/RATES DAYBOOK ASIA: Treasuries Slump as Trump Touts Tax Plan

(Bloomberg) — Treasuries slid as traders zeroed in on President Trump’s tax plan, which includes breaks for companies and a one-time repatriation holiday for cash stashed overseas. The dollar climbed as much as 0.7 percent on the prospect the proposed tax amnesty will fuel a surge in greenback demand. Canada’s …

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