Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Trump, Xi Focus on Trade and AI at White House Summit 
Add as a preferred source on Google
Oil prices rose over 1% on Tuesday, bouncing back from recent steep losses as investors reacted to ongoing trade tensions and recession concerns. Brent crude futures climbed 81 cents, or 1.26%, to $65.02 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 92 cents, or 1.52%, reaching $61.61 as of 0051 GMT.
The rebound followed a 2% slide on Monday, when oil prices neared a four-year low due to fears that U.S. President Donald Trump’s escalating tariff strategy could stall global economic growth and reduce energy demand. Trump has imposed sweeping tariffs of at least 10% on all U.S. imports, with some reaching up to 50%, aiming to boost domestic manufacturing and counter decades of trade liberalization.
In response, several nations, including China—the world’s second-largest economy—are implementing retaliatory tariffs. Trump warned of further duties if China maintains its countermeasures. Analysts like Tony Sycamore from IG note that if U.S. tariffs on Chinese imports climb to a projected 104%, global markets could face a sharp downturn, amplifying recession risks.
Adding to concerns, a Reuters poll suggested U.S. crude and distillate inventories likely rose by 1.6 million barrels last week, signaling tepid demand. Still, analysts see a potential price floor. With U.S. oil production break-even costs around $60 per barrel, sustained low prices may lead to reduced drilling and investment. According to Eurasia Group, if prices stay low, output could drop from the current 13.4 million barrels per day, supporting a WTI floor in the $50 range.
The oil market remains highly sensitive to geopolitical developments and economic outlooks, with traders closely watching U.S.-China relations and global demand indicators.
