Bitcoin moved slightly higher on Wednesday, hovering above $64,000 levels as investors refrained from making large bets ahead of the U.S. Federal Reserve’s policy decision, while the cryptocurrency showed resilience despite renewed selling in AI-linked technology stocks.

Gold prices rose modestly on Monday, supported by sliding Treasury yields and a weaker U.S. dollar, as investors gauged inflation expectations after oil prices dropped amid a pause in Middle East hostilities.

Spot gold rose 0.7% to $4,082.42 an ounce by 09:37 ET (13:37 GMT), while gold futures expiring in August inched up 0.3% to $4,083.25 an ounce.

The U.S. dollar on Friday was on course for its best week in over a month, boosted by safe-haven demand amid a widening conflict in the Middle East and expectations of interest rate hikes to combat oil-driven inflationary pressures.

Meanwhile, the Japanese yen headed for its steepest weekly decline in more than two months as it hovered near four-decade lows against the dollar despite repeated intervention warnings from Tokyo. Elsewhere, the sterling was set for its worst week since mid-June after new United Kingdom Prime Minister Andy Burnham took office. 

Oil prices fell sharply on Monday, triggered by signs of de-escalation between the United States and Iran, wiping out much of last week’s war premium that had briefly pushed Brent crude to the $100-a-barrel mark.

As of 09:22 ET (13:22 GMT), Brent crude futures had slumped 6.0% to $91.00 a barrel, while U.S. West Texas Intermediate crude futures tumbled 5.5% to $84.34 a barrel.