The trading week is coming to an end, and although gold has tried to recover in the short term, the move still looks insufficient against the selling pressure that has remained in place over the past few weeks. Over the last five trading sessions, gold is still down close to -3.00%. For now, a phase of indecision is starting to stand out in the metal’s ...

TD Securities said precious metals, led by gold, have struggled to attract buying interest as elevated probabilities of further Federal Reserve rate rises keep real yields high and cap upside momentum. Commodity Trading Advisors are positioned with a small net short, while TD’s scenario modelling suggests prices are likely to remain range-bound under most ...

After slipping into official bear market territory this week, gold and silver are starting to attract new attention. But while both precious metals managed to hold critical support, some analysts are saying that investors should only be testing the waters as they wade back in. Although gold is looking to end its fifth straight week in negative territory, ...

Four months of war in the Persian Gulf and the closure of the Strait of Hormuz are taking a toll, swiftly pushing prices higher and reversing three years of progress on inflation. Producers and consumers once again find themselves marinating in an inflationary stew with no easy exit. The Administration’s new Section 301 ‘forced labor’ tariffs on 60 ...

The University of Michigan sentiment index has improved to 48.9 from 44.8 (consensus 46.0), but this remains at very weak levels by historical standards. The chart below suggests the latest reading should be consistent with consumer spending falling around 1.5% year-on-year. However, consumer spending is being driven by higher-income households who are ...

IRAN'S ARAGHCHI: IF THE FINAL STAGE OF NEGOTIATIONS IS COMPLETED, THE AGREEMENT WILL BE SIGNED REMOTELY BY BOTH SIDES AND THEN ANNOUNCED Iran FM says only way to handle enriched uranium is dilution in Iran

Iran’s Foreign Minister Araghchi: Management of the Strait of Hormuz will not return to the pre-war era. IRAN'S ARAQCHI: SOVEREIGNTY OF THE STRAIT OF HORMUZ BELONGS TO IRAN AND OMAN Araghchi: Iran is the winner of war with US Iranian Foreign Minister Abbas Araghchi said on Friday that his country is the winner of the war against the United States. "We stood against the world's apparent superpower for 40 days," the minister told the Iranian Broadcasting Agency. He added that a memorandum of understanding with the US has yet to be signed and noted that changes could occur as Israel opposes a deal between Tehran and Washington. Aragchi detailed that the lifting of the US maritime blockade, the opening of the Strait of Hormuz, the relief of sanctions, and a ceasefire on all fronts, including Lebanon, are included in the (MoU). He stressed that the nuclear issue will be discussed in the next stage of negotiations. "The US nuclear demands were not acceptable to us at this stage at all," he concluded.

LME copper is trading near record highs, with prices up around 10% year-to-date and holding up well against a difficult macro backdrop. Strong US jobs data has reinforced expectations that the Federal Reserve will keep policy restrictive for longer, while renewed tensions involving Iran have weighed on broader risk sentiment. Supply tightness, US ...

Markets head into the first Fed meeting run by new Chair Kevin Warsh with almost no idea what he thinks about the recent surge in job growth, the acceleration in inflation or the path of interest rates. And that may be by design. Warsh has strongly criticized Fed communications, saying they have led to policy errors and placed the Fed more at the center of ...

David McAlvany, president and CEO of McAlvany Financial Group, joins BNN Bloomberg to discuss the movements on gold and how AI play into it.

Iranian Foreign Ministry Spokesperson: Understandings have been reached on large part of issues in talks and we are in the final stage of internal conclusions - IRNA.

Elon Musk is officially the world's first trillionaire following SpaceX's stock debut today, with the company's IPO price valuing his stake at nearly $870 billion on paper. The stock opened at $150 a share after the rocket and satellite company priced its IPO Thursday night at $135 a share ahead of today's debut on the Nasdaq, trading under the ticker SPCX ...