Gold reached around $4,650 and silver traded above $69, supported by dollar weakness, US fiscal concerns, and lower yields.

Japan’s 10-year yield rose to 2.89%, with the probability of a September BOJ hike jumping to 82% from 23% before July’s meeting.

US equities fell to two-week lows as renewed pressure in the Treasury market weighed on risk appetite. The 10-year Treasury yield traded near 4.70%, while the 30-year yield reached 5.244%, increasing concerns over borrowing costs and equity valuations.