Precious metals reached historic peaks with gold surpassing $4,500 and silver nearing $70, driven by safe-haven demand and expectations for Federal Reserve rate cuts.

The US dollar weakened against major peers, allowing the euro and pound to hold firm while the yen strengthened on intervention fears and the offshore yuan hit a one-year high.

Meanwhile, risk assets saw a measured performance as technology stocks posted modest gains and Bitcoin stabilized near $87,500 amid persistent geopolitical uncertainty.