Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Trump, Xi Focus on Trade and AI at White House Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
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Gold prices climbed in Asian trading on Thursday, supported by growing safe-haven demand amid ongoing concerns about U.S. debt levels and rising geopolitical risks. Spot gold rose 0.7% to $3,338.04 an ounce, while June gold futures gained 0.8% to $3,339.20 by early morning hours.
The precious metal remained strong after reports indicated Israel is prepared to strike Iran if nuclear talks with the U.S. falter. Although upcoming negotiations between Washington and Tehran helped ease immediate war concerns, markets remained cautious.
A key driver of gold’s rally this week has been investor anxiety over mounting U.S. debt. Moody’s recently downgraded the U.S. credit rating, citing fiscal risks, while Treasury yields spiked and demand for government bonds weakened. The U.S. Treasury’s $16 billion auction of 20-year notes on Wednesday saw soft interest.
Further pressure came from a Republican-supported tax cut and spending bill headed for a House vote. Analysts warn that expanded border security and defense spending, combined with tax reductions, could worsen the country’s debt outlook. Additionally, uncertainty over President Donald Trump’s trade policies continues to weigh on investor sentiment, adding to gold’s appeal.
A weaker U.S. dollar also helped lift other precious metals. Platinum futures rose 0.4% to $1,082.20 an ounce, and silver futures climbed 0.7% to $33.873.
Copper prices also advanced, driven by expectations of economic stimulus from China. London copper futures edged up 0.2% to $9,545.50 a ton, while U.S. copper futures surged 1.3% to $4.7175 a pound. Traders are optimistic after China cut its loan prime rate this week, signaling further support for economic growth and boosting hopes for stronger copper demand.
