Gold Soars as US Treasury Yields Rise Amid Iran Concerns

The US stock indices closed slightly higher at the end of a volatile week. However, rising Treasury yields indicate that investors are still searching for direction.

Spot gold returned to $4,600 per ounce for the first time since May, while Bitcoin surged over 20% in just one week, reaching $78,000 from $62,000. International oil prices rose back to near one-month highs due to turmoil surrounding Iran.

NVIDIA reportedly committed a massive $6 billion to double down on the open-source model sector by acquiring a non-exclusive license and investing in AI startup Poolside. Citadel disclosed it had sold 80% of its exposure to the 'AI stock guru' Aschenbrenner, eliminating over $4 billion in risk.