TOKYO, April 1 (Reuters) – Asian equities experienced a rise following Wall Street’s overnight gains, while gold reached an all-time peak and Treasury yields fell as markets awaited details of U.S. President Donald Trump’s reciprocal tariffs. The Japanese yen strengthened due to demand for traditional haven assets. At the same time, the risk-sensitive Australian dollar rebounded after the Reserve Bank of Australia maintained steady interest rates, warning of significant global uncertainty. Regional stocks found relief on the first day of April after being battered in March by concerns that Trump’s trade war could lead to stagflation or even a U.S. recession. Investors are anxiously awaiting April 2, a day Trump has named “Liberation Day,” when he plans to reveal a substantial reciprocal tariff plan. Pan-European STOXX 50 futures increased by 0.35%. Analyst Tony Sycamore at IG noted that a significant portion of the rebound in key indices might be due to month-end and quarter-end rebalancing flows, as well as short covering ahead of Trump’s Liberation Day, amid considerable uncertainty about what comes next. Bullion reached a record high for a fourth consecutive session, hitting $3,148.88 per ounce. “On top of general risk aversion, investors are increasing allocation to gold with the Trump administration’s trade policy threatening the dollar’s special reserve status,” said Kyle Rodda, senior financial markets analyst at Capital.com. Demand for the safety of Treasuries sent yields lower on Tuesday, with those on benchmark 10-year notes sinking some 5 basis points to 4.1920%. This put pressure on the dollar, which slipped 0.08% to 149.85 yen. The euro was steady at $1.0813. Oil prices rose, adding to the 2% surge from Monday. Brent gained 0.23% to $74.94 a barrel, while U.S. West Texas Intermediate crude advanced 0.22% to $71.64. — new from Reuters