Gold drops on US-Iran hostilities ahead of US inflation report
XAU/USD falls deeper into bear territory on lingering geopolitical tensions and higher-for-longer Fed prospects, with the US CPI update looming today.
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XAU/USD falls deeper into bear territory on lingering geopolitical tensions and higher-for-longer Fed prospects, with the US CPI update looming today.
The Fed, the ECB, the BoE and other major central banks announce pivotal policy decisions in June, as inflation pushes them toward a hawkish stance but growth risks call for caution.
Oil, the US dollar, gold, and equities remain in a consolidation phase as investors balance inflation risks, interest rate expectations, geopolitical uncertainty, and optimism around resilient earnings and AI-driven growth.
Markets widely anticipate Apple to unveil its revamped AI-powered Siri at next week's WWDC, amid strong business and stock momentum, but risks loom.
Oil, gold, and the dollar are all signalling the same thing: rising macro tension, but no clear market conviction yet.
Nvidia's earnings can support NAS100, underscoring AI momentum, but markets are cautious as they monitor the Middle East conflict and higher-for-longer Fed prospects.
JPN225 drops as strong GDP could embolden the BoJ to hike rates to combat energy-driven inflation, but economic resilience and renewed Middle East resolution hopes support the rally.
Wednesday's earnings come amid continued AI investments that support Nvidia demand, but there are growing risks to its dominance.
Oil is fuelling inflation, inflation is strengthening the dollar, the stronger dollar is testing gold, and equities are still climbing on AI optimism, creating one of the most compelling cross-asset battles of 2026.
Copper (Comex) prices rise to new all-time highs amid the ongoing AI boom and mining disruptions, but the Middle East conflict weighs on consumption.
USOIL jumps after the US President deemed Iran's counterproposal unacceptable, dousing hopes for a peace deal and raising fears of an escalation in the conflict.
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