U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Trump, Xi Focus on Trade and AI at White House Summit 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
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Gold prices remained stable in Asian trading on Friday, poised for a nearly 2% weekly gain as the U.S. dollar hovered near a four-month low. Investors remained cautious ahead of a key U.S. employment report that could influence Federal Reserve policy.
Spot Gold held at $2,913.57 per ounce, while April Gold Futures inched up 0.1% to $2,920.55. The weaker dollar made gold more attractive to investors, supporting prices.
Trade tensions continued to fuel uncertainty after President Trump initially imposed 25% tariffs on Canadian and Mexican goods, later delaying them under the USMCA agreement. The move added market volatility, boosting demand for safe-haven assets like gold.
Meanwhile, traders awaited U.S. payroll data for insights into the Fed’s interest rate outlook, especially amid persistent inflation concerns.
Other precious metals were subdued. Platinum Futures remained flat at $982.1, while Silver Futures slipped 0.4% to $33.198.
Copper prices, which had hit a three-week high, pulled back as weak Chinese trade data dampened sentiment. London Copper Futures dropped 0.7% to $9,639.25 per ton, while April Copper Futures held slightly higher at $4.7875 per pound.
Markets watched for potential Chinese stimulus measures amid slowing exports and imports. Recent comments from Trump about 25% tariffs on copper imports further weighed on sentiment, raising concerns about global supply chains.
With ongoing trade policy shifts and economic uncertainty, gold remained a key safe-haven asset, while investors looked for further cues from upcoming economic data and potential stimulus measures in China.
