AUD/USD Leads as USD Weakens Amid Geopolitical Easing and Gold Surge

AUD/USD led gains across major pairs during the Asia-Pacific session as the US dollar broadly weakened amid modestly improving risk sentiment. Gold surged $57 to $5,133, reflecting persistent safe-haven demand even as geopolitical tensions showed signs of easing. WTI crude oil declined 96 cents to $80.04, pressured by reports that China is working to convince Iran to allow LNG passage through the Strait of Hormuz, while a US admiral confirmed Iran's ballistic missile attacks have decreased by 90%. President Trump noted Iran is seeking to negotiate, further calming energy market fears. Fed's Goolsbee flagged institutional trust concerns, adding a cautious undertone to US economic sentiment. US 10-year yields edged down 1.2 basis points, weighing on dollar demand. The Nikkei rose 0.5%, reflecting the improved risk appetite in equities. Gulf states reportedly reviewing overseas investments added another layer of uncertainty. Traders should monitor USD weakness against commodity-linked currencies like AUD, with near-term direction dependent on further geopolitical developments and upcoming US data.