Gold rose on Thursday as traders moved back into bullion after a sharp sell-off, helped by weaker oil prices and a calmer inflation backdrop following the release of a US-Iran interim agreement. Spot prices climbed more than 1%, reversing part of Wednesday’s decline, as crude fell on hopes that energy flows through the Strait of
The US dollar remained close to a more than two-month high on Thursday as markets continued to price in the possibility of further monetary tightening from the Federal Reserve, despite an interim agreement between the United States and Iran that eased some geopolitical concerns. The Federal Reserve kept interest rates unchanged within a 3.50%-3.75% range.
Silver rose in Asian trade on Thursday, but the move looked more like a cautious recovery than the start of a clean breakout. XAG/USD traded near $69.15 an ounce as lower oil prices eased inflation concerns following the US-Iran interim agreement. The metal drew support from the broader precious-metals rebound, with gold also recovering after
Solana is up 8.7% over the past 7 days, supported by a series of bullish catalysts, before the rally came to a halt. According to market data, SOL rose from around $65 earlier in the week to nearly $75 before giving back part of those gains, with the token trading near $71 on Thursday as
Copper prices slid as markets reacted to the debut of Kevin Warsh as US Federal Reserve Chair, with his hawkish stance on inflation unsettling investors and sparking a selloff across commodities. The decline underscored how sensitive copper remains to monetary policy signals, particularly when they point to tighter financial conditions. At the time of writing,
Citigroup has revised its expectations for US Federal Reserve interest rate cuts, pushing back its projected timeline by one month as policymakers adopt a more hawkish stance and inflation concerns persist. The Wall Street firm now expects the Federal Reserve to cut interest rates in October and December 2026, followed by another reduction in January
A liquefied natural gas (LNG) tanker is heading toward the Strait of Hormuz for the first time since the US–Iran pact took effect, signaling cautious optimism that shipping lanes may reopen after months of disruption, according to a Bloomberg report. The voyage is being closely watched by traders and governments alike, as it could mark
UK wage growth remained stronger than expected in the three months to April, while the unemployment rate unexpectedly declined, according to official figures released just hours before the Bank of England’s latest interest rate decision. The latest data indicated that Britain’s labour market continues to show resilience despite signs of easing demand for workers, providing
The US Dollar strengthened sharply against major currencies on Wednesday after investors digested the Federal Reserve’s latest policy statement, revised economic projections, and comments from Chairman Kevin Warsh following the central bank’s policy meeting. The US Dollar Index gained nearly 1% during the session, climbing above 100.50 and reaching its highest level since late March.
Micron stock (NASDAQ: MU) remains in focus ahead of the company’s fiscal third-quarter results on June 24, with investors debating whether one of Wall Street’s strongest AI-linked rallies still has room to run. The stock has surged as the memory-chip cycle has tightened, but a fresh bullish call has pushed the debate further. The latest