investingLive Americas market news wrap: Waiting on the US response to Iran's proposal

Markets were subdued as investors awaited the US response to Iran’s weekend proposal, keeping risk sentiment cautious. Gold (XAUUSD) fell about $31 to $4,676, while WTI oil rose to ~$96, reflecting geopolitical risk but limited directional conviction. US Treasury yields drifted higher (10-year ~4.34%), and the US 5-year sale priced at 3.955% (vs 3.960% WI). FX moved around Bank of Japan expectations: USD/JPY slipped in Asia/Europe then recovered in US trade, and commodity currencies (AUD, CAD) were bid as safe-haven proxies. Tech names (Micron, Nvidia, Intel, Palo Alto) led equities while Domino’s and Dollar Tree lagged. Overall tone is cautious/bearish for gold given the intraday drop, with broader markets waiting on policy/war headlines and key central bank decisions for direction.