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Gold rises 2% as Trump canceling Iran strikes eases inflation fears
Gold prices rose 2% on Thursday, with U.S. President Donald Trump calling off planned military strikes on Iran easing fears of oil-driven inflation and elevated interest rates. Spot gold jumped 2% to $4,153.71 per ounce at 2:00 p.m. ET (1800 GMT), after hitting its lowest point since late November earlier in the session. U.S. gold futures for August delivery settled 0.5% lower at $4,114. Trump said he has cancelled planned strikes against Iran on Thursday, hours after threatening more bombings and a desire to "take" oil export hub Kharg Island. "Discussions and final points" on a potential deal have been approved ... (full story)
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From @DeItaone|3 hr ago|38 commentsIRAN'S FARS NEWS AGENCY SAYS GIVEN THAT THE US HAS ACCEPTED THE TEXT PROPOSED BY IRAN, THE LIKELIHOOD OF THIS TEXT BEING APPROVED BY IRAN IS HIGH Iran has not given a final response yet - Fars News
From finance.yahoo.com|3 hr ago|2 commentsThe European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war as policymakers around the world including new U.S. ...
From @apewirenews|4 hr ago|30 comments*IRAN SAYS TALKS PRODUCED AGREEMENT IN PRINCIPLE, BUT SUPREME LEADER KHAMENEI APPROVAL STILL NEEDED: AXIOS *IRAN, QATAR SAY U.S. OVERNIGHT STRIKES INCREASED IRANIAN SUSPICIONS ABOUT TRUMP'S INTENTIONS: AXIOS Iran has not yet approved any text for the agreement - Fars News citing informed source
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From @apewirenews|2 hr 52 min ago|88 commentsTRUMP ON IRAN: FINALIZATION POSSIBLE IN NEXT FEW DAYS - RTRS *TRUMP: SIGNING OF IRAN DEAL PROBABLY IN EUROPE *TRUMP: WE HAVE A DEAL IN WHICH IRAN WON'T HAVE NUCLEAR WEAPON *TRUMP: WE HAVE AN IRAN DEAL SIGNING SOON *TRUMP: JUST SPOKE TO LEADERS OF QATAR, UAE, SAUDI ARABIA, QATAR, UAE, SAUDI ARABIA
From @zerohedge|2 hr 20 min ago|37 comments*TRUMP: I UNDERSTAND THAT SUPREME LEADER HAS APPROVED DEAL *TRUMP: LIFTING BLOCKADE IS PART OF IRAN DEAL TRUMP SAYS IRAN WANTS THE DEAL FAR MORE THAN HE DOES, ADDING TEHRAN HAS TAKEN A SERIOUS POUNDING. Trump: Strait will open on signing, maybe Saturday or Monday. Trump: Kharg Island is now off the table if we sign the agreement Trump: strait has been open for months, you just didn’t notice
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- Jun 11, 2:25pm | 2 hr 57 min ago Posted byFundamental Analysis74
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