Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Trump, Xi Focus on Trade and AI at White House Summit 
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Gold prices surged in Asian trading on Thursday, approaching record levels as escalating trade tensions between the U.S. and China boosted demand for safe-haven assets. Spot gold rose 1.6% to $3,123.58 per ounce by 02:05 ET (06:05 GMT), while June gold futures climbed 1.9% to $3,137.61 per ounce. The precious metal previously hit an all-time high of $3,168 on April 3 following tariff announcements but faced short-term declines as investors sold assets to cover losses in other markets.
The rally resumed Wednesday after new U.S. tariffs took effect, despite President Donald Trump announcing a 90-day pause for most countries. The pause, however, excluded China, where tariffs were hiked to 125%, intensifying fears of a deeper trade conflict. In response, China implemented retaliatory tariffs of 84% on U.S. goods starting Thursday. The conflicting signals have rattled markets, fueling further uncertainty and strengthening gold’s appeal as a hedge against geopolitical risk and economic volatility.
Weakness in the U.S. dollar also supported gold prices, with the U.S. Dollar Index slipping 0.2% and hovering near a six-month low, making gold more attractive to international buyers. Silver and platinum also gained, with silver futures jumping 2.4% to $31.155 per ounce and platinum edging up 0.6% to $940.20.
Copper prices reflected mixed sentiment. London copper futures surged 4.7% to $9,037.15 a ton on optimism over Trump’s tariff pause. However, May copper futures dipped 0.8% to $4.4295 per pound. Analysts noted that while elevated tariffs on China remain a concern, expectations of fresh stimulus from Beijing could help support industrial metal demand in the coming months.
