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Silver Hits $60 Amid 6th Deficit Year: Will Green Demand Win?
Silver prices hover near $60 in July 2026 amid 6th deficit year & booming solar/EV demand. Explore Fed policy, US-Iran deal impact & technical outlook for smart investing insights. As of July 7, 2026, prices of silver remain steady around $60 per ounce over a slow-moving weekend. Traders are assessing the metal’s fundamentally sound long-term outlook against near-term factors such as a stronger greenback and softening geopolitical stress. If you are unfamiliar with this asset class, silver is best described as a hybrid: it serves as an essential industrial metal for solar and electric vehicles, while ... (full story)
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*US IS REVOKING IRAN-RELATED GENERAL LICENSE TO EXPORT OIL *IRAN'S ACTIONS IN STRAIT OF HORMUZ WHOLLY UNACCEPTABLE: OFFICIAL 
Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil Products of Iranian Origin Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1. Except as provided in paragraph, all transactions prohibited by the above-listed authorities that are ordinarily incident and necessary to the wind down of transactions previously authorized by General License X are authorized through 12:01 a.m. eastern daylight time, July 17, 2026, provided that any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. Note to paragraph (b). Except to the extent ordinarily incident and necessary to the wind down of transactions previously authorized by General License X for the production, sale, delivery, or offloading of crude oil, petrochemical products, or petroleum products of Iranian origin, paragraph (b) does not authorize any new transactions, including purchases or loading of such products on or after July 7, 2026.
Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil Products of Iranian Origin Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1. Except as provided in paragraph, all transactions prohibited by the above-listed authorities that are ordinarily incident and necessary to the wind down of transactions previously authorized by General License X are authorized through 12:01 a.m. eastern daylight time, July 17, 2026, provided that any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. Note to paragraph (b). Except to the extent ordinarily incident and necessary to the wind down of transactions previously authorized by General License X for the production, sale, delivery, or offloading of crude oil, petrochemical products, or petroleum products of Iranian origin, paragraph (b) does not authorize any new transactions, including purchases or loading of such products on or after July 7, 2026.
From fxempire.com | 1 hr 13 min ago
Gold pulled back as traders reacted to the strong rally in the oil markets. Oil prices rallied as traders focused on attacks in the Strait of Hormuz. According to Iran’s demands, all vessels should go through approved routes. It looks that vessels that choose other ways are attacked by Iran. Rising oil prices reduced demand for risk assets, which was ...
From economics.bmo.com | 6 hr ago
Surging imports and a rare decline in exports spiked the U.S. trade deficit to its highest level in more than a year. The goods and services deficit jumped to $77.6 billion in May, a tad less than expected, from a downwardly revised $54.6 billion in April. Despite tariffs, the trade deficit has returned to levels of late 2024, before importers began ...
