Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Trump, Xi Focus on Trade and AI at White House Summit 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Add as a preferred source on Google
Gold Prices Stabilize as Demand for Safe Haven Assets Grows
Gold prices saw a slight increase in Asian trading on Thursday, recovering from recent lows but still below record highs due to ongoing anxiety surrounding the U.S. presidential election and shifting interest rate expectations favoring the dollar.
Despite Wednesday’s declines, gold continues to trade higher for the week, supported by strong safe-haven demand. As of 00:23 ET (04:23 GMT), spot gold rose 0.3% to $2,724.70 an ounce, while December gold futures increased by the same margin to $2,737.15 an ounce. Earlier this week, spot prices reached a peak of $2,758.53 an ounce.
Safe Haven Demand Drives Gold Prices
The yellow metal maintains its strength as geopolitical tensions and domestic political uncertainty keeps investors wary. Harsh rhetoric from Israeli officials regarding Iran has heightened fears of potential escalations in the ongoing conflict, while tensions continue between Israel and Hamas.
In the U.S., Republican nominee Donald Trump is perceived to be gaining an advantage over Vice President Kamala Harris just weeks before the election, leading to a climate of uncertainty that favors safe haven assets like gold.
Broader Market Trends in Precious Metals
The strengthening of haven demand has helped gold and other precious metals withstand the dollar's gains, supported by expectations of slower interest rate cuts. Other precious metals also recorded gains, with platinum futures up 0.7% to $1,037.80 an ounce and silver futures rising 0.6% to $34.050 an ounce.
Industrial Metals Update: Copper Prices Rise
In the industrial metals sector, copper prices rose by 0.7% to $9,581.50 a ton, while December futures climbed to $4.3637 a pound. Market attention is now focused on upcoming purchasing managers index reports from the U.S. and Eurozone, with traders looking for indications of potential fiscal stimulus in China.
