Gold prices steadied at a 10-day high in Asian trade on Thursday after growing bets on interest rate cuts by the Federal Reserve pulled down the dollar and Treasury yields.

But gold’s advance was stalled by hawkish signals from the minutes of the Fed’s June meeting, while anticipation of key nonfarm payrolls data kept traders cautious.

Spot gold rose 0.1% to $2,359.56 an ounce, while gold futures expiring in August fell 0.1% to $2,367.15 an ounce by 00:27 ET (04:27 GMT). 

The U.S. dollar slipped lower in early European trade Thursday as weak economic data raised expectations of interest rate cuts by the Federal Reserve, while sterling edged higher as the U.K. went to the polls.

At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 104.900, extending steep overnight declines.

Oil prices settled lower Tuesday, after easing from two-month highs, despite expectation for increased demand during the Independence Day holiday and potential supply risks from geopolitics and weather-related disruptions. 

At 14:30 ET (18:30 GMT), Brent oil futures fell 0.4% to $86.24 a barrel, while West Texas Intermediate crude futures fell 0.7% to $82.81 a barrel.

Both benchmarks gained around 2% in the previous session, climbing to their highest levels since the end of April.

Gold prices fell slightly in Asian trade on Tuesday, remaining in a tight trading range as anticipation of a slew of cues on U.S. interest rates kept traders largely averse towards metal markets. 

The yellow metal was nursing a fall through June, as fears of high U.S. interest rates pushed up the dollar and Treasury yields. Gold also remained stuck around $2,300 an ounce.

Bitcoin maximalist Michael Saylor, who cofounded MicroStrategy business intelligence behemoth and is currently the company’s executive chairman, has taken to his X social media (formerly widely known as Twitter) account to deliver a Bitcoin message to the global community of Bitcoiners.

Michael Saylor shares "BTC optimistic" message

The world’s leading cryptocurrency is struggling to break above $63,000, which it lost on Monday for the third time recently and, prior to that, it had plunged from the $69,800 level on June 12.

The U.S. dollar edged higher in early European trade Tuesday, recovering after recent losses, while the euro dipped ahead of key inflation data.

At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 105.700, bouncing from a one-week low seen earlier in the week.

Central banks around the world expect to increase their holdings of Gold in coming months, a move that could potentially boost prices.

The World Gold Council’s annual survey, which polled 70 central bankers, found 29% of them plan to raise their gold reserves over the next 12 months.

The U.S. dollar edged higher Tuesday ahead of key retail sales data and speeches by Federal Reserve officials, as traders looked for clues to better gauge the timing and pace of interest rate cuts.

At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 105.125, but still lies below Friday's 1 1/2-month high of 105.80.

Oil prices surged nearly $2 a barrel on Monday to their highest settlement levels in over a month, adding to last week's gains as investors grew more optimistic on the demand outlook.

U.S. West Texas Intermediate crude futures gained by $1.88, or 2.4%, to settle at $80.33 a barrel, the highest since the end of April. Global benchmark Brent crude gained $1.63, or 2%, to $84.25 a barrel, also the highest since April.

Bitcoin (BTC) fell in early Asia trading on Tuesday, erasing all of the gains it mate a day earlier, driven by ongoing profit-taking and continued net outflows from U.S.-listed bitcoin exchange-traded funds (ETFs).

The world’s largest cryptocurrency fell roughly 1% in the past 24 hours to $65,635 by 04:34 am ET (08:34 GMT). BTC has initially dropped as low as $64,000, before reversing some of the sharp losses.