Markets are shifting toward a risk-on tone as optimism surrounding renewed US–Iran diplomacy and growing uncertainty over the Federal Reserve’s policy outlook weigh on the US Dollar, allowing Gold to push higher while commodity-linked and risk-sensitive currencies find support. The US Dollar Index is trading on the back foot, while Yen strength and steady Kiwi price action reflect cautious optimism, even as lingering geopolitical risks around the Strait of Hormuz prevent full conviction in risk appetite. Gold is advancing as the US Dollar weakens, supported by improving diplomatic sentiment and uncertainty around the ... (full story)