Japan’s Landslide Sparks Rally as Gold and Crypto Move

Global markets are starting the week on a stronger footing.

Japan’s Nikkei surged nearly 4% to a record high after Prime Minister Sanae Takaichi secured a historic supermajority victory. The yen strengthened as investors priced in political stability and potential fiscal expansion. Meanwhile, gold climbed back above $5,000 per ounce and silver extended its rally amid continued geopolitical tension around U.S.–Iran negotiations.

In the U.S., traders are positioning ahead of key labor market and inflation data that will test expectations for a June Federal Reserve rate cut. Treasuries dipped after reports that Chinese regulators told banks to reduce exposure to U.S. bonds.

Bitcoin rallied to $72,000 over the weekend before pulling back toward $68,000, while ETF outflows slowed considerably after two heavy weeks.

A busy week ahead...

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