Asian shares are mostly lower after US stocks retreat, but gold surges higher

Asian shares are mostly lower after US stocks retreat, but gold surges higher Updated 37 mins ago Shares are mostly lower in Asia after Wall Street snapped a long streak of records. The price of gold kept rising, while the Japanese yen fell against the dollar on expectations that Sanae Takaichi, the conservative lawmaker likely to become the next prime minister, will push to keep interest rates low. Japan's benchmark Nikkei 225 shed 0.5%. U.S. futures were little changed and oil prices rose. On Tuesday, U.S. stocks sank to their first loss in eight days. The S&P 500 fell 0.4% from its all-time high. The Dow Jones Industrial Average lost 0.2%, and the Nasdaq composite gave up 0.7%.