Gold slipped below $4,100 as optimism over US–China trade progress reduced safe-haven demand. Both sides reached a preliminary deal in Malaysia covering key trade issues, paving the way for a Trump–Xi agreement in South Korea. Markets expect the Fed to cut rates by 25 bps, while the ECB and BoJ are likely to hold steady.

Bitcoin traded near $115,000, gaining 0.66% on the day and 65% over the past year, with forecasts suggesting a move toward $125,000 in the next 12 months.

The dollar strengthened against the yen, pushing USD/JPY toward 153.15 as improved risk sentiment followed the US–China trade framework. US CPI rose 3.0% year-on-year, slightly below expectations.

Brent crude climbed to $66.1, its highest in two weeks, driven by trade optimism and renewed concerns over Russian oil supply amid new US sanctions on Rosneft and Lukoil.

The US 100 Tech Index rose 1.04% to 25,572, extending its monthly gain to nearly 4%, while the offshore yuan strengthened to 7.11 per dollar after China reported a 21.6% jump in industrial profits, adding to confidence in the trade outlook.

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