Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
South Korea, US Discuss Warship Building Cooperation 
Fed Unveils Stablecoin Rules Under GENIUS Act 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Trump, Xi Focus on Trade and AI at White House Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Add as a preferred source on Google
Gold prices edged lower during Asian trading hours on Friday, though the precious metal remained on track to post modest gains for the week. Investor sentiment continued to be shaped by ongoing diplomatic developments between the United States and Iran, alongside softer U.S. inflation figures that have broadly supported bullion demand.
Spot gold slipped 0.2% to $4,782.34 per ounce, while gold futures declined 0.1% to $4,803.29 per ounce as of 01:16 GMT. Despite Friday's minor pullback, spot prices were still up approximately 0.9% on a weekly basis, driven largely by renewed optimism surrounding U.S.-Iran peace negotiations. President Donald Trump expressed confidence in the diplomatic process and signaled hope for further talks ahead of the expiring ceasefire deadline next week.
Market sentiment received an additional lift after the United States successfully brokered a 10-day ceasefire between Israel and Lebanon, easing some geopolitical tension across the broader Middle East region. A weaker U.S. dollar earlier in the week also provided tailwinds for gold, though a partial dollar recovery on Friday capped further upside for metal prices.
Despite these supportive factors, gold's rally remained contained within an established trading range of $4,700 to $4,900 per ounce. Concerns over inflation — particularly tied to the ongoing Iran conflict and potential disruptions to oil shipments through the Strait of Hormuz — kept investors cautious and limited stronger price movement.
Other precious metals outperformed gold over the week. Spot silver fell 0.4% on Friday to $78.31 per ounce, and spot platinum declined 0.4% to $2,083.15 per ounce, yet both metals recorded weekly gains exceeding 3%, outpacing gold's comparatively modest advance.
With no clear catalyst for a breakout in either direction, gold prices are likely to remain range-bound in the near term as traders await further clarity on geopolitical and macroeconomic developments.
