Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
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 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
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Gold prices dropped in Asian trading on Wednesday, weighed down by improved risk appetite following news of upcoming high-level trade talks between the U.S. and China. Spot gold slipped 1.3% to $3,384.71 an ounce, while June gold futures declined 0.9% to $3,392.74/oz.
The announcement of U.S.-China negotiations in Switzerland spurred gains in Asian equities and Wall Street futures, reducing demand for safe-haven assets like gold. Despite ongoing geopolitical tensions, including escalating military actions between India and Pakistan, gold failed to attract strong haven inflows, reflecting broader market optimism.
Earlier in the week, gold had edged higher, nearing record levels amid uncertainty surrounding global trade. However, optimism over renewed diplomatic efforts reversed that momentum. Investors remain cautious about the outcome of the talks, especially after U.S. President Donald Trump stated he had no plans to sign a trade deal soon. Meanwhile, both countries have imposed steep tariffs exceeding 100%, and recent economic data shows growing pressure on their respective economies.
Other precious metals also weakened. Platinum futures fell 0.5% to $987.40/oz, and silver dropped 0.5% to $33.208/oz. Industrial metals mirrored the decline, with London copper futures down 0.9% at $9,456.50 per ton and U.S. copper futures losing 0.9% to $4.7135 per pound.
The U.S. dollar strengthened ahead of a closely watched Federal Reserve meeting, further pressuring metals. While the Fed is expected to hold rates steady, markets will scrutinize Chair Jerome Powell’s comments for clues on future policy direction, particularly amid growing calls for rate cuts from the White House.
Gold and metals traders remain on edge as macroeconomic uncertainty and currency fluctuations continue to influence commodity pricing.
