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Global Markets React to AI Boom, China Gold Tax Shift, and RBA Hold
Stock Market News·2025-11-04 08:08

Key TakeawaysAmazon (AMZN) and OpenAI have inked a $38 billion cloud computing deal, fueling the ongoing AI spending spree and boosting tech stocks globally.China has ended a long-standing Value-Added Tax (VAT) exemption on gold sales, effective November 1, 2025, leading to a dip in gold prices and concerns over increased costs for consumers.The Reserve Bank of Australia (RBA) held its official cash rate steady at 4.35% in November 2025, as expected, amid rising inflation and economic complexities.Stellanti ...