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Gold dives as Hormuz clash boosts the US Dollar
Gold (XAU/USD) price tumbles more than 1.60% on Tuesday as the US Dollar (USD) strengthens on renewed haven demand following US strikes in southern Iran. At the time of writing, XAU/USD trades below the $4,500 mark after reaching a daily high of $4,580. Military activity resumed in southern Iran, as Tehran claimed that the US broke the ceasefire deal. However, Washington argued that they conducted defensive attacks aimed at destroying missile launchers and boats attempting to lay mines in the Strait of Hormuz. US Secretary of State Marco Rubio poured cold water on risk appetite, saying that reaching a deal could ... (full story)
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From @realDonaldTrump|May 26, 2026|20 comments
It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive. Under my leadership, we are setting “rules of the road” that are the Gold Standard for the States. We cannot have SCUM like Chris Christie, Letitia James, Tim Walz, and JB Pritzker setting the rules! Other Countries are after this new form of Financial Market, and we want to remain at the top. Likewise, and even more importantly, where we are currently the Crypto (Bitcoin, etc.) Capital of the World, other Countries are trying diligently to replace us in that capacity, but we won’t let that happen. It is a major Industry, and we must protect it. Mike Selig, CFTC Chairman, and respected by all, is doing a great job. Thank you Mike! President DONALD J. TRUMP
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