Gold rebounded near $3,960 as traders took profits from recent highs. A softer dollar and dovish Fed remarks supported sentiment, though overbought signals suggest potential short-term consolidation within an overall uptrend.
Bitcoin traded near $121,300, slightly lower on the day. Despite a mild monthly decline, it remains up sharply year-on-year, with forecasts indicating possible short-term weakness before resuming gains.
The yen weakened toward 153 per dollar as the dollar regained strength, though comments from Japanese officials helped steady sentiment. Market caution persisted amid the ongoing U.S. shutdown.
Brent crude slipped below $65 per barrel after Israel and Hamas agreed on a ceasefire, easing geopolitical tensions. However, oil was set for weekly gains amid new U.S. sanctions on Iran-linked energy firms.
The Nasdaq eased slightly to 25,137, trimming earlier gains but holding near record highs. The index remains up more than 24% over the past year despite short-term volatility.
The offshore yuan strengthened above 7.12 per dollar for a second week, supported by trade optimism and policy stability as markets reopened after China’s long holiday.