Tuesday: Gold near record high on rate cut bets

Global stock and bond markets are mostly steady ahead of Fed testimony and non-farm payrolls data later this week. Gold lurched up to near record highs of over US$2,100/oz. All eyes in China are on the National People’s Congress for a new GDP target.

In our bonus deep dive interview, ANZ Senior China Strategist Zhaopeng Xing highlights the role climate policy will play in this week’s National People’s Congress.

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