US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
South Korea, US Discuss Warship Building Cooperation 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Trump, Xi Focus on Trade and AI at White House Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Add as a preferred source on Google
Gold prices climbed during Asian trading on Wednesday as a softer U.S. dollar and declining oil prices supported investor demand for the precious metal. Market sentiment improved after signs of easing tensions in the Middle East reduced immediate concerns over rising inflation and supply disruptions.
Spot gold increased 1.8% to $4,637.14 per ounce, while U.S. Gold Futures for June delivery gained 1.7% to $4,647.31. The precious metal had already posted nearly a 1% gain in the previous trading session, continuing its upward momentum in global commodity markets.
Investor focus shifted after U.S. President Donald Trump announced that Washington would temporarily halt operations aimed at restoring commercial shipping through the Strait of Hormuz. Trump also indicated that a potential agreement with Iran could be reached soon, signaling a move toward diplomacy after days of heightened geopolitical tensions.
Earlier this week, fears of conflict escalation intensified after the launch of the “Project Freedom” initiative, which aimed to secure maritime routes through the Strait of Hormuz. Iran’s military response pushed oil prices sharply higher, raising concerns about global inflation and possible prolonged supply disruptions.
However, oil prices fell during Asian trading following Trump’s latest comments, easing inflation worries and helping support gold prices. Lower crude oil prices reduced expectations that central banks, particularly the U.S. Federal Reserve, would need to maintain higher interest rates for an extended period. Since gold is a non-yielding asset, lower interest rate expectations typically strengthen demand for bullion.
The weaker U.S. dollar also contributed to gold’s gains, making the metal more affordable for international buyers. The U.S. Dollar Index (DXY) slipped 0.2% during early Asian trading hours.
Other precious metals also advanced, with silver prices surging 3% to $75.08 per ounce, while platinum rose 1.7% to $1,990.72 per ounce.
