Markets Brace for Volatility Amid Tight U.S. Election and Surging Gold

Investors are anxious about the rising prospects of a Trump presidency and a cautious Federal Reserve. These developments have driven safe assets like gold and the dollar to new highs. European markets are reacting to U.S. election uncertainties and fluctuating Treasury yields, with Tokyo Metro and Hyundai Motor India's contrasting IPO outcomes also influencing sentiments.

Global markets are on edge as Trump's rising election odds and a restrained Federal Reserve create uncertainty for investors. Gold and the dollar have surged, reflecting a rush to safe-haven assets.

European investors will start the trading day watching Treasury yields at a recent peak, while the yen approaches 152 per dollar amid minimal but intriguing hints of intervention from Japanese officials. Meanwhile, Tokyo Metro and Hyundai Motor India faced different fates as newly debuted stocks.

Ahead of the U.S. presidential election, markets face volatility with a tight race between Trump and Harris. Investors anticipate the market impact as policies under a potential Trump presidency could boost inflation and keep interest rates elevated.

(With inputs from agencies.)