Trump, Xi Focus on Trade and AI at White House Summit 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
European Stocks Slip as Iran Tensions Offset Strong Eurozone Data 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Gold Drops Over 1% as Dollar, Treasury Yields Surge on Fed Rate Hike Bets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
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Gold prices climbed in Asian trading on Monday as a weaker U.S. dollar boosted demand for the precious metal, while investors assessed easing geopolitical tensions in the Middle East and looked ahead to the Federal Reserve's closely watched policy meeting later this week.
Spot gold advanced 1% to $4,094.50 per ounce, while August U.S. gold futures gained 0.6% to $4,096.60. The precious metal also ended last week nearly 1% higher despite volatile trading, reflecting continued investor demand for safe-haven assets.
A 0.3% decline in the U.S. Dollar Index helped support gold by making dollar-denominated bullion more affordable for overseas buyers. The weaker greenback came as markets reacted to improving geopolitical conditions after the United States and Iran paused military operations over the weekend.
President Donald Trump halted U.S. airstrikes on Iranian targets late Friday following nearly two weeks of military action, allowing room for diplomatic negotiations. Iran also refrained from launching retaliatory attacks against neighboring countries hosting U.S. military bases, easing fears of a broader regional conflict.
The de-escalation triggered a sharp drop in oil prices, with crude falling more than 5% in early Monday trading after last week's rally fueled by concerns over potential supply disruptions through the Strait of Hormuz and the Red Sea. Lower energy prices could help ease inflation pressures, though investors remain cautious ahead of key central bank decisions.
Attention is now centered on the Federal Reserve's policy announcement scheduled for Wednesday. Markets broadly expect the Fed to keep interest rates unchanged, but investors will closely monitor comments from Chair Kevin Warsh for signals on the timing of future rate cuts and the central bank's outlook on inflation and economic growth.
Traders are also awaiting upcoming U.S. inflation and labor market data, which could provide further guidance on the Fed's monetary policy path in the coming months.
Elsewhere in the precious metals market, silver rose 2% to $59.37 per ounce, while platinum gained 1.6% to $1,618.83, reflecting broad strength across the sector as investors positioned ahead of the Fed meeting.
