Gold prices started the new week with a small decline, slipping slightly after recently trading at high levels. The metal briefly moved lower in early trading before stabilizing around the mid-$4,300 range per ounce. Even with this short-term weakness, gold remains significantly higher compared to last year, with gains of …
Read More »Dollar Climbs to 2-Month High as Hot Jobs Data and Gulf Escalation Fuel Rate Hike Bets: Yen Hits Intervention Danger Zone
Key Takeaways Dollar at 2-month peak: The DXY edged up 0.1% to 100.17 — its highest since April 6 — after Friday’s 0.7% surge. Jobs data the catalyst: The U.S. added 172,000 jobs in May — well above forecasts — reinforcing bets the Fed could tighten further. December hike now …
Read More »Trump Demands Israel and Iran “Stop Shooting” as War Reignites: “Very Close to a Final Deal” — But Iranian Official Says It’s “No Longer Feasible”
Key Takeaways Trump’s urgent plea: The president posted on social media: “Israel and Iran must immediately stop ‘shooting.'” First Iran-Israel exchange since April: The attacks marked the most serious breach of the U.S.-brokered ceasefire. How it started: An Israeli strike on Beirut triggered Iranian retaliation; Israel then hit targets in …
Read More »Gold Crashes to 11-Week Low as Hot Jobs Data Cements December Fed Rate Hike: Iran-Israel Escalation Adds to Pressure
Key Takeaways Gold at 11-week low: Spot gold fell 0.8% to $4,296.08 per ounce — its weakest level since March 23; gold futures dropped 1% to $4,322.60. Friday’s 3% slump extended: The yellow metal suffered its worst single-day decline in months on Friday’s payrolls shock. Jobs data crushes rate cut …
Read More »Oil Surges 2.6% as Iran Fires Missile Barrage at Israel: Ceasefire Collapses and Peace Deal Hopes Evaporate
Key Takeaways Crude jumps: Brent rose 2.6% to $95.49 per barrel, while WTI climbed 2.4% to $92.70 — sharply reversing last week’s late decline. Iran fires missiles at northern Israel: Multiple missile barrages were launched Sunday, with Israeli air defenses intercepting the projectiles. Retaliation for Beirut strike: Tehran said the …
Read More »Weekly Recap: Dollar Leads Amidst Global Developments
The US dollar showed mixed performance over the past week, starting on a weak note as sentiment improved amid diplomatic efforts in the Middle East, before regaining strength later, supported by a combination of positive economic data, escalating geopolitical tensions, and rising oil prices. This is reflected, along with other …
Read More »Silver Slides Despite Strong Yearly Gains as NFP Data and Geopolitical Risks Shake Markets
Silver prices came under renewed pressure on Friday, retreating sharply after the latest U.S. labor market report and a fresh escalation of geopolitical tensions in the Middle East. The pullback highlights how sensitive precious metals remain to shifting investor sentiment, even after an extraordinary rally over the past year.The metal …
Read More »Gold Plunges More Than 3% as Strong US Jobs Report Crushes Rate-Cut Hopes
Gold prices suffered a sharp selloff on Friday after a surprisingly strong US employment report reinforced expectations that interest rates could remain elevated for longer, boosting the US dollar and weighing heavily on precious metals.Spot gold fell to approximately $4,339.92 per ounce, marking a decline of more than 3% on …
Read More »U.S. Jobs Market Delivers a Jolt: May Nonfarm Payrolls More Than Double Forecasts
The U.S. economy added 172,000 jobs in May, demolishing the 85,000 consensus estimate and cementing the labor market’s resilience despite elevated borrowing costs. April’s payroll count was revised sharply higher to 179,000 from an initially reported 115,000, meaning two consecutive months have now surpassed expectations. With a December rate hike …
Read More »Hezbollah Calls U.S.-Brokered Lebanon Deal “Absurd and Humiliating”: Iran Peace Talks Pushed to the Brink
Key Takeaways Hezbollah rejects ceasefire: Leader Naim Kassem called the U.S.-brokered Lebanon-Israel agreement “absurd, humiliating, and insulting.” Full Israeli withdrawal demanded: Kassem said Hezbollah will not halt attacks until Israel completely withdraws from Lebanon. Devastating rhetoric: The Hezbollah leader described the agreement as “a road map for the annihilation of …
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