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Gold Treads Water as Iran Talks Collapse Meets Hot CPI Shock: Trump-Xi Summit the Next Make-or-Break Moment

Key Takeaways Mixed gold action: Spot gold edged down 0.2% to $4,705.50 per ounce, while U.S. gold futures rose 0.6% to $4,713.00. Tuesday’s pullback: Bullion fell 0.4% on a firmer dollar and elevated inflation readings. Negotiations on “life support”: Trump’s warning followed Tehran’s rejection of the U.S.-backed peace proposal. Hormuz …

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Oil Eases After Three-Day Rally: EIA Warns Hormuz to Stay Shut Until Late May as Trump-Xi Summit Looms

Key Takeaways Modest pullback: Brent crude fell 0.4% to $107.36 per barrel, while WTI eased 0.3% to $101.91 — following Tuesday’s 3%+ surge. Three days of gains: Both contracts had rallied for three consecutive sessions. Ceasefire on “life support”: Trump’s rejection of Iran’s response to peace proposals continues to keep …

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U.S. Inflation Erupts Past Forecasts: April CPI Jumps to 3.8% as Iran War Energy Shock Bleeds Through

Key Takeaways Headline CPI accelerates: U.S. consumer prices rose 3.8% year-on-year in April — beating both forecasts and March’s reading. Monthly pace eases: Month-on-month CPI slowed to 0.6% from March’s 0.9%, matching expectations. Core inflation surprises higher: Core CPI accelerated to 2.8% year-on-year, topping the 2.7% forecast. Monthly core hot …

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Oil Erupts as Trump Declares Iran Truce on “Life Support”: Brent Surges Past $107 with War Comeback Looming

Key Takeaways Crude rockets higher: Brent crude rose 2.9% to $107.17 per barrel, while WTI advanced 3.3% to $101.35 — extending Monday’s near 3% gains. Trump’s stark warning: The president said the U.S.-Iran ceasefire is on “life support” after rejecting Tehran’s response as “a piece of garbage.” War return weighed: …

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Wall Street Futures Slip from Record Highs: Iran War Storm and CPI Showdown Cloud the Rally’s Path

Key Takeaways Futures retreat: S&P 500 futures fell 0.1% to 7,427.0, Nasdaq 100 futures dropped 0.3%, while Dow futures held flat. Record close achieved: The S&P 500 closed at an all-time peak of 7,412.87, with the Nasdaq Composite at 26,274.13 and Dow at 49,704.34. Chip rally cooling: Strength in chipmaking …

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Bitcoin Stuck in Holding Pattern: Iran War Fears and CPI Showdown Keep Crypto on Knife’s Edge

Key Takeaways Modest gain: Bitcoin rose 0.5% to $81,276.1, holding within a tight trading band. Weekend peak fades: The crypto had touched $82,000 over the weekend before trimming gains on U.S.-Iran tensions. More military options weighed: Reports show Trump is considering additional military action against Iran, though a decision this …

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Trump Eyes Return to War: U.S. Weighs Resuming Major Iran Strikes as Peace Talks Crumble — CNN

Key Takeaways War on the table: Trump is more seriously considering resuming major combat operations against Iran, per a CNN report citing sources familiar with the matter. Patience wearing thin: The president has grown impatient with the continued closure of the Strait of Hormuz. Fractured Iran leadership: Trump sees Iranian …

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European Stocks Tumble as Iran Ceasefire Hangs by a Thread: Bond Yields Surge on Inflation Fears

Key Takeaways Broad sell-off: The Stoxx 600 fell 1.2%, Germany’s DAX dropped 1.4%, the U.K.’s FTSE 100 shed 1.1%, and France’s CAC 40 slid 1.1%. Trump’s grim warning: The president said the U.S.-Iran ceasefire is on “massive life support.” Verbal blast continues: Trump called Iran’s counteroffer “unacceptable” and “a piece …

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Gold Holds Firm as Iran Ceasefire Hangs by a Thread: Trump-Xi Summit and CPI Data Set Stage for Pivotal Moves

Key Takeaways Mixed gold action: Spot gold edged down 0.1% to $4,729.18 per ounce, while U.S. gold futures gained 0.2% to $4,738.00. Modest Monday gain: The yellow metal rose 0.4% in the previous session. Trump’s harsh words: The president called Iran’s response a “piece of garbage” and said the ceasefire …

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