U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Dollar Holds Near Two-Month High as Yen Approaches 160 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Fed Unveils Stablecoin Rules Under GENIUS Act 
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Gold soared to an all-time high on Thursday as the Federal Reserve hinted at two potential interest rate cuts this year, boosting bullion’s appeal amid economic uncertainty and geopolitical risks.
Spot gold edged up 0.1% to $3,049.89 an ounce at 0210 GMT, after reaching a record $3,055.96 earlier. U.S. gold futures climbed 0.6% to $3,058.40. Analysts attribute the surge to market volatility, a weaker U.S. dollar, and expectations of lower interest rates.
The Fed maintained its benchmark rate at 4.25%-4.50% on Wednesday, signaling two quarter-point cuts by the end of 2025. The prospect of lower rates, which reduce the opportunity cost of holding non-yielding assets like gold, has fueled demand for the precious metal.
Meanwhile, renewed Middle East tensions and economic concerns stemming from former President Trump’s tariff policies have intensified investor interest in gold as a safe-haven asset. The Israeli military resumed ground operations in central and southern Gaza, with airstrikes reportedly killing at least 48 Palestinians.
Gold has now hit 16 record highs in 2025, with four surpassing the $3,000 threshold. Despite the rally, some analysts foresee resistance at $3,090-$3,100, with potential for short-term corrections. However, recent pullbacks have been brief and met with strong buying interest.
Other precious metals remained steady, with silver at $33.81 an ounce, platinum rising 0.1% to $994.05, and palladium inching up 0.1% to $957.42.
With economic uncertainty persisting and the Fed’s dovish stance, gold’s bullish momentum appears strong, keeping investors focused on its next potential milestone.
