Asian Stocks Rally as Fed Rate Hike Fears Ease 
UK House Prices Fall for First Time Since 2023 
Turkey Targets 5% Economic Growth by 2029 
China to Inject $45 Billion Into State Financial Institutions 
Gold Holds Near $4,400 as Fed Hike Bets Rise 
Oil Prices Rise as Hormuz Tensions Threaten Supply 
Chinese AI Stocks Rally After OpenAI Launches GPT-6 Astra 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
China Expands Influence in Global Gold Market 
Hong Kong Eyes Offshore Yuan Expansion, Deeper China Market Links 
Uranium Prices Could Top $100 as Nuclear Demand Grows 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Japan, US Target AI and Chips in $550 Billion Investment Push 
JPMorgan Sees ECB Raising Rates to 2.75% in December 
Asian Stocks Rally as AI Optimism Fuels Chipmaker Surge 
US Oil Blockade Deepens Iran’s Economic Crisis 
Jefferies Names 6 Top India Stock Picks Across Key Sectors 
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Gold prices moved higher during Asian trading on Thursday after recording their strongest daily gain since March, supported by a weaker U.S. dollar and easing concerns over inflation linked to Middle East tensions. Investors also reacted positively to reports suggesting progress toward a potential peace agreement between the United States and Iran.
Spot gold increased 0.4% to $4,707.31 per ounce, while U.S. gold futures for June delivery climbed 0.4% to $4,713.86. The precious metal had already surged nearly 3% in the previous session as oil prices dropped sharply following signs of improving geopolitical conditions.
Market sentiment improved after reports indicated that the White House was close to reaching a memorandum of understanding with Iran aimed at ending the ongoing conflict. Iranian officials confirmed they were reviewing the proposal, while U.S. President Donald Trump stated that Tehran appeared willing to finalize an agreement.
The possibility of reduced geopolitical tensions pushed crude oil prices significantly lower, easing fears of prolonged inflation pressures. Lower oil prices also contributed to declines in U.S. Treasury yields and weakened the dollar, both of which typically support gold prices because bullion becomes more attractive to investors seeking safe-haven assets.
The U.S. dollar index slipped another 0.1% during Asian trading after falling 0.4% overnight, remaining close to levels seen before the recent conflict escalation. Although oil stabilized slightly on Thursday, investors remain cautious as they await further developments surrounding the U.S.-Iran negotiations.
Traders are now closely watching Friday’s U.S. non-farm payrolls report for additional signals regarding the Federal Reserve’s future interest-rate decisions. Recent comments from Federal Reserve officials highlighted concerns that Middle East instability could still impact inflation and global supply chains.
Among other precious metals, silver gained 0.7% to $77.85 per ounce, while platinum traded near $2,065.17 per ounce.
