Metals News

US forces struck Iran for a third time in a week, prompting retaliatory attacks from Tehran as it declared the Strait of Hormuz would be closed "until further notice." The Islamic Republic responded early Sunday with drone and missile assaults on at least five American allies across the Middle East, including Kuwait, Jordan and Qatar. So far, only minor ...

*US SAYS HORMUZ IS OPEN TO ALL VESSELS SEEKING SAFE TRANSIT The Strait of Hormuz is open to all vessels seeking to lawfully transit the international waterway. U.S. forces are positioned and prepared to ensure that freedom of navigation remains available despite unwarranted Iranian aggression, harassment, threats, and arbitrary… pic.twitter.com/FS3TUBOZEj

The U.S. military said it launched another round of strikes on Iran after the Islamic Revolutionary Guard Corps struck a container ship traveling through the Strait of Hormuz on Sunday. A series of attacks between the U.S. and Iran over the past several days led President Donald Trump to declare the end of a ceasefire meant to halt the fighting that the ...

The Iranian military launched missiles targeting various US bases across the Middle East, according to preliminary information. The reports come in the immediate aftermath of another serious escalation in the region. Muwafiq al-Salti Airbase in eastern Jordan has come under attack, though there is no official confirmation. Meanwhile, Iranian media mentioned ...

Iran's Press TV: Explosions reported in Bushehr, Asaluyeh, southern Iran BREAKING: Strikes are reportedly hitting Asaluyeh and Bushehr right now. -U.S. airstrikes are reported against Asaluyeh in southern Iran, with additional strikes in Bushehr -Asaluyeh is the onshore hub of the South Pars gas field, the crown jewel of Iran's energy economy… pic.twitter.com/gDw1gTPgLj BREAKING: Unconfirmed reports claim HIMARS launches from BAHRAIN toward Iran -Circulating reports describe rocket artillery firing from Bahrain toward Iranian territory, completely unconfirmed -If real, it would mark the first known ground-launched strikes on Iran from a… pic.twitter.com/R8uOmQuJXK At 7:15 p.m. ET today, U.S. Central Command forces began launching the third round of strikes this week against Iran after Islamic Revolutionary Guard Corps forces blatantly attacked M/V GFS Galaxy, a Cyprus-flagged container ship transiting the Strait of Hormuz. A civilian crew…

Iran's Islamic Revolutionary Guard Corps (IRGC) Navy announced that the Strait of Hormuz will be "temporarily closed until further notice," and no ship will be allowed to sail through the waterway, blaming the United States for violating the memorandum of understanding (MoU). The Strait will remain blocked until the US "ceases its interference in [the] region," the navy said in a statement. "Should the aggressor, exploiting this incident (which it itself caused), commit any further transgressions, we shall respond forcefully, and additional enemy bases in the region will be targeted," the IRGC Navy warned, adding that the blame for such an escalation would fall on the US, Israel, and "countries that have placed their territories" at their disposal. IRGC fired a missile at a commercial cargo ship that tried to pass through the strait of Hormuz, U.S. official says. Ship was hit and suffered damages

The US dollar was mixed last week. The combination of strong data and the central bank's hawkish hike lifted the New Zealand dollar to the top of the G10 currencies. The roughly 4.5% rally in Brent oil, the first weekly gain in five weeks, seemed to help the Norwegian krone came in a close second. The low yielding Swiss franc and Japanese yen fell last ...

*IRAN TO TAKE OMAN'S PROPSAL TO TEHRAN: AXIOS CITING DIPLOMAT *OMAN TO OPEN SOUTH ROUTE IN ITS WATERS W/ NO REQUIREMENT: AXIOS During the talks in Muscat today, Oman proposed that the south route in Omani waters and north route in Iranian waters will both operate fully, a diplomat briefed on the talks said The diplomat said that according to the Omani proposal the Southern route will be open…

U.S. and Iranian leaders traded threats on Saturday as the interim deal to end the war buckled under crossfire in the Middle East and efforts continued to keep talks going. President Donald Trump overnight made threats on social media of further missile attacks against Iran, after the funeral of Supreme Leader Ayatollah Ali Khamenei saw open calls for the ...

Gold’s price trajectory remains dependent on a resolution of the Iran conflict, with the yellow metal likely to finish the year close to the current $4,000 level, while silver will continue to take its cues from the gold price as it trades between $55 and $60 per ounce, according to the new StoneX Quarterly Commodities Outlook. “We concluded our previous ...

Iran has ruled out entering negotiations with the US until Washington reverses its positions and implements prior understandings, with conditions reportedly including forming a Lebanon working group, resolving transit issues through the Strait of Hormuz, and normalizing Iranian…

The Federal Reserve told lawmakers it "will deliver price stability" amid higher inflation in the central bank's semi-annual Monetary Policy Report to Congress, released Friday. The semiannual monetary policy report comes as Fed Chairman Kevin Warsh is set to testify before both houses of Congress next Tuesday and Wednesday — first before the House ...

The global macro world was infected with another skirmish in what has become another open-ended WMD goose chase war in the Middle East and that makes trading a bit more complicated. My advice to myself this week was to ignore the war headlines and simply trade whatever views I would have if that war were not ongoing. There is a good chance the war will ...

The yield on the 10-year note finished July 10, 2026 at 4.56% while the 2-year note ended at 4.21%. The chart below overlays the daily performance of several Treasury bonds, starting from the pre-recession equity market peaks, along with the Federal Funds Rate (FFR) since 2007. chart This next table shows the highs and lows of yields and the Federal Funds ...

U.S. gives Iran Saturday deadline to publicly renounce Hormuz attacks and announce that the strait is open, U.S. officials say. My report on @axios A U.S. official said the Iranians reached out to the administration after two days of skirmishes earlier this week and sought further talks to resolve the dispute "They told us, 'We screwed up. We made a mistake. Let's keep talking,'" the official claimed

US DEMANDS IRAN STATE THAT HORMUZ IS OPEN: AP CITING OFFICIALS If Nuclear Material Not Delivered, No Deal With Iran: Senior U.S. Officials U.S. HAS MILITARY OPTIONS TO ENSURE IRANIAN NUCLEAR SITES REMAIN INACCESSIBLE - SENIOR U.S. OFFICIALS IRAN HAS TOLD U.S. OFFICIALS THAT RECENT ATTACKS ON SHIPPING WERE FROM 'AN ERRANT PART OF THEIR SYSTEM' – SENIOR U.S. OFFICIALS

Gold and silver remain well below the all-time highs they hit in January 2026. Confusingly, today’s economic and global backdrop has historically supported higher precious metals prices. That disconnect between real-world conditions and chart performance has many investors scratching their heads. In this week’s The Gold Spot, Scottsdale Bullion & Coin’s Sr. ...

The June consumer price index (CPI) report is shaping up to be a classic head-fake for investors. When the Bureau of Labor Statistics drops its latest inflation data on July 14 at 8:30 am Eastern, market participants might see something they haven't witnessed in quite a while: A negative month-over-month headline inflation print. Look past the headline, ...

This week’s price action illustrates how market expectations have shifted. Renewed tensions in the Middle East initially supported aluminium prices. However, prices moved lower after Emirates Global Aluminium (EGA) announced further progress in restoring operations at its Al Taweelah complex, reinforcing expectations that supply disruptions are likely to ...

EU steel importers are still seeking clarity on the technicalities of the bloc's new import measures, 10 days after the regulation took effect on 1 July. Alongside significantly smaller free allocations, a key change in the new measure is the addition of a new residual quota. This quota is available on a first-come, first-served basis to countries that hold ...

Federal Reserve chairman Kevin Warsh has created five task forces to rethink the central bank's policymaking process. They are likely to bring outside-the-box ideas combined with intellectual chops to an often insular institution. The big picture: The task forces consist of economists and business leaders who bring serious credibility to the table but also ...

Gold traded at a wide discount in India this week as price volatility weighed, while demand in China remained steady with the country's central bank reporting its largest monthly increase in gold reserves in more than 2-1/2 years in June. International spot gold ​prices slipped to a two-week low, retreating from an over 2% jump ​last week. Domestic gold ...

podcast Brent and Alf discuss the n-th injection of the Orange Variable in markets: Trump decided to escalate again with Iran, and even suggested the ceasefire might be over altogether. The duo discusses how to approach these injections of uncertainty, and what are the best trading and risk management frameworks to deploy here.

For more than thirty years, Germany has been the main pillar of the eurozone’s fiscal credibility. It was not simply a matter of public finances. Berlin embodied the very philosophy on which the single currency was based: limited debt, contained deficits, and a central bank independent of government financing. The Maastricht criteria — a public deficit ...

President Donald Trump declared on Friday that the ceasefire between Iran and the U.S. is “OVER,” though diplomatic talks will continue, after a tumultuous week in which the two sides traded blows and the president suggested restarting his blockade in the Strait of Hormuz. “The Islamic Republic of Iran has asked us to continue ‘talks.’ We have agreed to do ...

The Federal Open Market Committee (FOMC) is firmly committed to fulfilling its statutory mandate from Congress of promoting maximum employment, stable prices, and moderate long-term interest rates. The Committee seeks to explain its monetary policy decisions to the public as clearly as possible. Such clarity facilitates well-informed decisionmaking by households and businesses, reduces economic and financial uncertainty, increases the effectiveness of monetary policy, and enhances transparency and accountability, which are essential in a democratic society. The Committee’s monetary policy strategy is designed to promote maximum employment and stable prices across a broad range of economic conditions. Employment, inflation, and long-term interest rates fluctuate over time in response to economic and financial disturbances. Monetary policy plays an important role in stabilizing the economy in response to these disturbances. The Committee’s primary means of adjusting the stance of monetary policy is through changes in the target range for the federal funds rate. The Committee is prepared to use its full range of tools to achieve its maximum employment and price stability goals, particularly if the federal funds rate is constrained by its effective lower bound. Durably achieving maximum employment fosters broad-based economic opportunities and benefits for all Americans. The Committee views maximum employment as the highest level of employment that can be achieved on a sustained basis in a context of price stability. The maximum level of employment is not directly measurable and changes over time owing largely to nonmonetary factors that affect the structure and dynamics of the labor market. Consequently, it would not be appropriate to specify a fixed goal for emp Fed report: housing market activity remains stagnant Fed report: indicators of long-term inflation expectations broadly align with 2% target Just in | Federal Reserve Reports Bank Reserves Remain 'Ample' Despite Reserve Management Purchases Fed report: Q1 2026 expansion boosted by tech investment, government outlays

Trump: Agreed to Keep Negotiations With Iran Going Trump: Iran has requested US to proceed with talks BREAKING: Trump: Have agreed to Iran talks, but united states has stated to them, in no uncertain terms, that cease fire is over. The Islamic Republic of Iran has asked us to continue “talks.” We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER! Thank you for your attention to this matter. President DONALD J. TRUMP

Western leaders came to Turkey to discuss security in an increasingly perilous world. They each left with a revolver and six rounds. The unconventional gift from the host of this week’s NATO summit, Turkish President Recep Tayyip Erdogan, was meant to showcase his country’s growing defense industry. But it left officials across the alliance scratching their ...

The guns have actually been silent in the Middle East overnight, after two days of deadly strikes between the United States and Iran, amid a general return to premarket open headlines of 'peace imminent again' as mediators desperately work to get diplomacy back on track. For example, The New York Times writes early Thursday that "Qatar, which helped broker ...

I will not sign the Housing Bill, which has been fully approved by Congress and sent to the White House, in PROTEST over the fact that the United States Senate is not capable of passing THE SAVE AMERICA ACT, which is polling at 97% with the Republican Party, and very high with the non-politician Dumocrats. The Act states, quite simply, that to Vote a person must show PHOTO VOTER I.D., PROOF OF CITIZENSHIP, AND THAT THERE WILL BE NO MORE CROOKED, CORRUPT, & DESTABILIZING MAIL-IN BALLOTS (EXCEPTIONS for Military, Disabled, Illness, and Travel!). THE SAVE AMERICA ACT’S non-passage is CRAZY, and a serious threat to any politician who votes against it! If the Dumocrats, or any RINO (or worse!) working with them, do not allow a positive Vote on SAVE AMERICA, TERMINATE THE FILIBUSTER, and pass this, and every other Bill that true Republicans have ever dreamt of (In addition to the upcoming Budget BOMB and the 1929 catastrophic style DEBT CEILING BILL!). The Dumocrats will TERMINATE THE FILIBUSTER, if and when they ever get the chance to do so, in their very first hour - And I will no longer be able to call them Dumocrats again! The title of DUMB will revert to the Republicans who allowed this horrible calamity to happen to our Party, and our Nation, itself! MAKE AMERICA GREAT AGAIN! President DONALD J. TRUMP