European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
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Gold prices edged higher in Asian trading Monday, recovering from a one-month low as a weaker U.S. dollar boosted demand, despite easing geopolitical tensions in the Middle East. Spot gold rose 0.5% to $3,290.25 per ounce, while August gold futures gained 0.4% to $3,300.00 by 02:00 ET (06:00 GMT). The metal had slumped nearly 3% last week—its steepest drop since early May—wiping out prior gains tied to global conflicts and leaving it flat for the month.
The dollar’s decline, with the U.S. Dollar Index down 0.2% and hovering near a three-year low, made gold more attractive to foreign investors. Market expectations of a potential Federal Reserve rate cut by September further pressured the greenback, supporting bullion.
Risk appetite improved after U.S. President Donald Trump brokered a ceasefire between Israel and Iran, reducing safe-haven inflows into gold. Optimism also grew following a U.S.–China trade agreement in Geneva, which eased rare-earth tensions and trade friction, and the launch of a U.S.–U.K. trade deal that cuts car tariffs and removes duties on aircraft parts.
Still, concerns linger over the upcoming July 9 deadline, which may trigger renewed tariffs on global steel, aluminum, and other imports if no agreements are reached.
Other metals also gained. Platinum futures jumped 1.9% to $1,377.00, putting the metal on track for a 30% monthly surge despite recent pullbacks. Silver held steady at $36.045 per ounce. Copper futures on the London Metal Exchange were flat at $9,888.95 per ton, while U.S. copper rose 0.7% to $5.132 per pound. Gains were tempered by weak Chinese manufacturing data, signaling softer demand from the world’s top copper importer.
