-
Gold Plunges Beyond Seasonal Expectations, Yet Bearish Bets Are Falling
Gold is generally bearish in June according to its seasonal average this century, and this year has not disappointed. The metal has already fallen more than 10%, despite the month not yet being halfway complete. It is also on track for a fourth consecutive monthly decline, which would mark its longest bearish streak since October 2022, unless it can defy gravity and break above 4,578 by 30 June. While another bearish month appears likely, the nearby 4,000 level stands out as an obvious area for bears to lock in profits or for sidelined bulls to take a speculative punt. Recent data from the Commitment of Traders (COT) ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From @FirstSquawk|3 hr ago|1 commentKuwaiti Army: Air defenses are dealing with hostile aerial targets
Iran fires fresh missiles at Jordan, Kuwait and Bahrain in widening attacks Iran reportedly fired ballistic missiles at Jordan's Muwaffaq Salti Air Base, which hosts US forces in eastern Jordan. The base was targeted in an earlier salvo, the previous night, that was fully intercepted, and alleged footage purportedly showed the latest missiles leaving Iranian territory. Kuwait's Armed Forces General Staff said its air defence systems were actively intercepting hostile aerial targets originating from Iran, including both drones and ballistic missiles, in line with established operational procedures. In Bahrain, air raid sirens sounded again, with authorities urging citizens and residents to remain calm, move to the nearest safe location and follow updates through official channels. Reports indicated that Bahrain, Jordan and Kuwait all intercepted Iranian missiles and drones aimed at US military assets, underscoring the extent to which the conflict has expanded to draw in multiple Gulf states hosting American forces. The renewed attacks raise questions over whether Iran is attempting to find gaps in regional missile defences after earlier strikes were intercepted, or whether the strategy is aimed simply at sustaining pressure across multiple fronts regardless of interception rates.
From economics.td.com|4 hr agoThe next few weeks will be busy for central bank rate announcements. With the Bank of Canada’s June 10 decision now behind us, attention turns to the ECB on June 11, the BoJ and ...
From @zerohedge|4 hr ago|4 comments*US MILITARY SAYS IT HAS COMPLETED LATEST STRIKES IN IRAN
-
- Newer Stories
From investinglive.com|2 hr 24 min agoThe National Bank of Georgia has purchased an additional $100mn worth of highest purity gold bars for its international reserves, lifting the share of monetary gold in its ...
From youtube.com/cnbctelevision|1 hr 38 min ago|1 commentJoe Lavorgna, SMBC Americas Managing Director & Chief Economist, Fmr. Counselor to Secretary Bessent, joins 'Fast Money' to talk the impact of inflation on the market.
From rbc.com|41 min agoThe Bank of Canada, as expected, held the overnight rate at 2.25% for the fifth consecutive meeting. Governor Macklem did not dismiss weaker-than-expected economic data since ...
