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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 3.5% As Sell-Off Continues
Gold tests new lows as traders focus on U.S. CPI report and react to Trump’s comments on Iran. U.S. Inflation Rate increased from 3.8% in April to 4.2% in May due to rising energy prices. Core Inflation Rate grew from 2.8% to 2.9%. Both reports met analyst estimates. The reports indicated that high energy prices continued to push inflation towards higher levels. Bond traders prepare for potential rate hikes from the Fed. The yield of 2-year Treasuries climbed above the 4.13% level, while the yield of 10-year Treasuries tested the 4.55% level. The potential start of the rate hike cycle is bearish for gold and other ... (full story)
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From @financialjuice|3 hr ago|13 commentsTrump considering launching large and short Iran operation - Axios
From kitco.com|3 hr agoGold is trading firmly below its 200-day moving average as labor market strength and rising inflation reinforce the higher-for-longer rate narrative, which are supporting bond ...
From kitco.com|4 hr agoDespite all the uncertainty in the world — especially in geopolitics — gold, which is traditionally considered a safe-haven asset, has fallen by about 15% over the past three ...
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From @BRUCEINTEL|2 hr 48 min ago|18 commentsHEGSETH: WE INTEND TO BOMB MAJOR FACILITIES IN IRAN Hegseth: "Those strikes that will happen tonight will be strong and clear and if they have to happen tomorrow night they will be strong and clear. President Tump is prepared to make that deal, Iran would be wise to take it otherwise they will have to deal with the types of plans…
From brecorder.com|2 hr 23 min agoCopper sank to its lowest in three weeks on Wednesday as hostilities in the Middle East and concerns about the implications for global economic growth outweighed the market impact ...
From @CENTCOM|2 hr 8 min ago|38 commentsU.S. Central Command forces began launching additional self-defense strikes today at 5:15 p.m. ET against multiple targets in Iran at the Commander in Chief’s direction. The strikes are in response to Iran’s unwarranted and continued aggression. Explosions reported in Iranian towns of Sirik, Manab, Bandar Abbas and Bushehr
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- Jun 10, 3:25pm | 3 hr ago Posted byTechnical Analysis59
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