President Trump provides Iran update: oil and gold react
USOIL rises and XAU/USD drops after President Trump said military objectives are near completion, but the US will hit Iran hard over the next two to three weeks.
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USOIL rises and XAU/USD drops after President Trump said military objectives are near completion, but the US will hit Iran hard over the next two to three weeks.
Against a highly uncertain macro environment and an AI narrative that is not that straightforward anymore, we examine five companies tied to the AI boom and its buildout. Alphabet, Micron, Apple, Caterpillar, Newmont.
Shares of Micron extend post-earnings drop amid lingering risks, but the results were impressive amid strong memory demand.
Against a backdrop of Middle East conflict, stagflation fears and shifting monetary policy, we assess opportunities and risks across energy, defence, aviation and tech. Exxon, Lockheed, Delta, Netflix and Tesla, are in our radar.
XAU/USD faces fresh pressure as hopes for a conclusion to the Middle East conflict fade, inflationary risks linger and the US dollar regains its strength.
USOIL drops as President Trump said he will postpone strikes on Iran's oil infrastructure, creating optimism for an end to the conflict that has sparked an energy shock.
USOIL stays firm as the President issues an ultimatum for the Strait of Hormuz opening while Iranian officials threaten fresh strikes on energy infrastructure.
The pair tries to surpass pivotal resistance as the Bank of England struck a more hawkish tone than its US peer amid inflationary risks from the Middle East conflict.
XAU/USD continues to face difficulties this week as the greenback has emerged as the safe haven of choice, but bullion's structural demand drivers don't go away.
The Strait of Hormuz is the key driver of oil prices and, by extension, the direction of global markets amid escalating geopolitical risk.
The central bank of Australia delivered a back-to-back increase as the spike in energy prices can push inflation higher, but the Aussie was volatile as four of nine voters opted for a hold.
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