US Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Gold Drops Over 1% as Dollar, Treasury Yields Surge on Fed Rate Hike Bets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
Trump, Xi Focus on Trade and AI at White House Summit 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
European Stocks Slip as Iran Tensions Offset Strong Eurozone Data 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
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Gold prices steadied during early Asian trading on Thursday as investors awaited the release of the closely watched U.S. nonfarm payrolls report for fresh clues on the Federal Reserve’s next interest rate move. Despite a modest rebound, the precious metal remained near its lowest levels of the year after suffering its biggest quarterly decline in 13 years during the June quarter.
Spot gold gained 0.3% to $4,043.23 an ounce, while gold futures slipped 0.7% to $4,054.67 per ounce. The recovery came after bullion briefly fell below the key $4,000 level on Wednesday, but upside momentum remained limited by expectations that U.S. interest rates could stay higher for longer.
Market sentiment was pressured after Federal Reserve Chair Kevin Warsh reaffirmed the central bank’s commitment to bringing inflation back to its 2% target. His remarks reinforced expectations that the Fed will maintain a firm stance on monetary policy rather than pivot toward easing, reducing the appeal of non-yielding assets such as gold.
Traders are now increasingly pricing in at least one Federal Reserve interest rate hike in 2026 as inflation concerns remain persistent. Although energy prices have eased recently, inflationary pressures continue to linger, with rising semiconductor and chip prices emerging as another potential source of higher consumer costs.
Attention now turns to the June U.S. nonfarm payrolls report, due later on Thursday. The employment data is expected to play a key role in shaping the Fed’s policy outlook, as the central bank continues to balance inflation risks with labor market strength. A stronger-than-expected jobs report could reinforce expectations for tighter monetary policy, while weaker employment figures may ease pressure on gold.
Other precious metals also stabilized after posting sharp losses during the June quarter. Spot silver edged up 0.2% to $59.26 an ounce, while spot platinum added 0.1% to $1,582.94 an ounce as investors remained cautious ahead of the pivotal U.S. economic data.
