Wells Fargo CFO says loan growth in fiscal 2026 is expected to be stronger than prior guidance.

Bessent will testify at 22:00 before the House Financial Services Committee on the state of the international financial system. With the 10-year Treasury yield above 5%, markets will key off any new signals on fiscal policy, Treasury issuance and buyback plans, debt management, and the outlook for the dollar and interest rates. Remarks emphasizing deficit control or steps to stabilise the bond market could ease upward pressure on the long end; signals of fiscal expansion or tolerance for higher rates would risk further yield gains and likely prompt moves in the dollar, gold, US equities and other risk assets.

New York gold futures climbed above $4,350/oz, up 0.23% on the day.