Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
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 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
China Agrees to Buy 20 Million Tons of U.S. Coal 
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Gold prices edged higher in Asian trade on Wednesday, recovering slightly from the previous session’s sharp losses. A weaker U.S. dollar provided support, even as easing geopolitical tensions reduced demand for safe-haven assets.
Spot gold rose 0.2% to $3,329.93 an ounce, while August gold futures gained 0.3% to $3,344.70 as of 06:16 GMT. The precious metal had dropped over 1% on Tuesday following U.S. President Donald Trump’s announcement of a ceasefire between Israel and Iran.
Although the truce brought temporary relief to global markets, uncertainty lingers. Trump accused both nations of violating the agreement just hours after the initial announcement, fueling skepticism about its durability. Gold, often seen as a hedge against geopolitical instability, has struggled to maintain gains as the ceasefire holds for now.
Supporting bullion prices, the U.S. Dollar Index dipped 0.1%, nearing a one-week low. A weaker dollar typically boosts gold demand by making it more affordable for overseas buyers. Additionally, Federal Reserve Chair Jerome Powell told Congress that the central bank needs more time to assess the inflationary impact of rising tariffs, suggesting a cautious stance on future interest rate moves.
Other metals also saw modest gains. Silver futures rose 0.5% to $35.928 per ounce, while platinum held steady at $1,318.15. In base metals, copper was supported by the softer dollar, with London Metal Exchange futures up 0.5% at $9,723.35 a ton. U.S. copper futures remained flat at $4.9015 per pound.
