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Gold and Silver Under Pressure, Pullback Extends
Gold and silver experienced another week of decline, extending the recent pullback that has frustrated precious metals investors.
Trump: Netanyahu Will Not Be Arrested in US, Criticizes Iran
President Trump stated on Truth Social that Israeli Prime Minister Netanyahu will not face arrest while in the United States, and accused Iran of killing American soldiers and protestors.
Trump Issues Directive: Iran Will Pay 'Many Times Over' for Killing US Soldiers
President Trump announced that any Iranian killing of an American soldier will result in severe retaliation, passing the directive to his Secretary of War and military leaders.
UK Bond Yields Rise as Markets React to Burnham Becoming PM, Reeves Sacked
UK bond yields rose after news that Rachel Reeves was sacked as Chancellor and Andy Burnham became Prime Minister, replacing Keir Starmer's cabinet.
S&P 500 Implied Correlation Hits Record Low of 0.15
The S&P 500's 6-month implied correlation dropped to an all-time low of 0.15, signaling extreme divergence among individual stocks as mega-cap names drive the market.
US National Debt Reaches $40 Trillion: Disinflation No Panacea
The US national debt has hit $40 trillion. The post argues that disinflation does not resolve the underlying fiscal trap.
Gold Fails to Rally Despite Escalating US-Iran Conflict
Despite a weekend of intensified US-Iran hostilities, including the killing of three American service members and continued airstrikes, gold prices failed to rally.
Brent Rises on Geopolitical Risks, Support from Crack Spreads – SocGen
Societe Generale analysts note Brent crude has surged due to US-Iran tensions, Trump's rhetoric, and Houthi blockade threats, while crack spreads in Asia and the US outperform on tighter refined product conditions.
Trump Calls on House GOP to Vote Yes on Budget Resolution
President Donald Trump urged House Republicans to vote for the budget resolution this week, framing it as a critical step to enact the SAVE AMERICA Act and provide aid to farmers and the military.
Hedge Funds Dump US Tech Stocks at Record Pace
Hedge funds have sold information technology stocks in six of the last eight weeks, pushing total eight-week sales to the highest in at least a decade. Last week alone, tech was the most-sold US sector, and tech exposure as a share of total market exposure fell to its lowest since February 2026.
Gold Rally Capped by Fed Risks and Dollar Strength: TD Securities
TD Securities commodity strategists led by Bart Melek warn that gold’s upside is limited due to Fed risks and a strong dollar, with investors sharply reducing long exposure amid higher oil prices from the US-Iran conflict.
TD Securities: Fed on Hold Through 2026 with Upside Hike Risk
TD Securities expects the Federal Reserve to keep the fed funds rate unchanged until 2026, citing persistent inflation above target and a resilient labor market, with an upside risk that the next move could be a hike.
US Indices Open Higher: Dow +0.26%, S&P 500 +0.54%, Nasdaq +0.82%
US stock indices advanced at the opening bell: the Dow Jones rose 136.27 points (0.26%) to 52,282.69, the S&P 500 gained 40.50 points (0.54%) to 7,498.19, and the Nasdaq added 208.09 points (0.82%) to 25,728.34.
Oil Supported by Diplomatic Risk, BNY Says
BNY's Geoff Yu notes that Iran's signals of continued military response alongside active mediation keep the Middle East conflict in a managed but unstable state, underpinning oil prices.
Silver climbs toward $57 as safe-haven demand offsets Fed hike expectations
Silver (XAG/USD) rose 1.6% on Monday to near $56.90 per ounce, driven by safe-haven buying amid Middle East tensions despite renewed expectations of Fed rate hikes.
Houthis Declare Maritime Embargo on Saudi Arabia Through Bab al Mandeb
Yemen's Houthis announced a maritime embargo against Saudi Arabia, barring Saudi vessels from transiting the Bab al Mandeb Strait. Saudi Arabia ships about 4.5 million barrels of crude oil per day through this key waterway.
Canada June CPI Misses Estimates Across All Measures
Canada's June CPI came in lower than expected, with headline CPI falling 0.4% month-on-month versus a -0.2% forecast, and annual rate dropping to 2.8% from 3.2%.
AI Boosts US Business Formation by 45% Since ChatGPT Launch
The number of AI-related businesses in the US has surged 45% since ChatGPT launched in November 2022, outpacing other sectors and driving a 20% overall increase in new business formations.
Geopolitical Shocks Tighten Crude and Diesel Markets, Rabobank Says
Renewed U.S.-Iran tensions, Russia-Ukraine strikes, and CPC loading disruptions have lifted crude and refining margins sharply, with Brent briefly topping $90. Rabobank highlights severe diesel-market tightness affecting export policy and U.S. pump prices.
Markets in Wait-and-See Mode Amid Geopolitical Uncertainty
Capital markets opened mostly quiet as Japanese markets were closed and the Middle East conflict expanded over the weekend. Crude oil prices initially rallied but later pulled back.
WTI Pulls Back to $82 After Rally; Analyst Maintains Bullish Bias
West Texas Intermediate crude oil has retreated to around $82 after climbing from approximately $68 to $85. An analyst says the next price move will determine whether the uptrend continues or was just a corrective phase.
Aluminum Could Be Next Scarcity Trade as Market Tightens
While gold and copper dominate headlines, aluminum is showing signs of a structural supply squeeze that could make it the next big scarcity trade.
Russian Missile Strike on Turkish-Owned Grain Ship Kills 10 Near Odesa
A Russian missile struck the Turkish-owned cargo ship Golden Leo as it departed Odesa with grain, killing 10 people. Ukraine condemned the attack as a deliberate targeting of civilian shipping amid an intensified campaign against Black Sea ports.
UK Changes Leaders, Iran Unchanged, China Progress Sparks Caution
The UK undergoes a leadership change while Iran remains stagnant, contributing to cautious market sentiment amid directionless geopolitics and recent Chinese advancements.