Asian stocks rose as precious metals rebounded and Trump announced a trade deal with India, easing trade tensions. Gold and silver futures recovered after a sell-off triggered by Fed chair nominee news. Gold traded up nearly 5% at $4,887/ounce, but analysts warn of ongoing turbulence. Dollar held gains after positive U.S. manufacturing data and potential funding package passage. Oil extended losses amid U.S.-Iran de-escalation signs. Chinese and Japanese markets surged to record highs, led by tech stocks. South Korean stocks saw biggest gain in 6 years, Australian and New Zealand markets also rose. U.S. stocks climbed on easing tensions and positive factory data.

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