Gold weekly outlook: Trump gives 48 hours to make a deal
Gold prices climbed around 4% over the week, despite falling roughly 1.7% on Friday. The metal rose along with global indices on the week, even as oil prices continued to climb into the long weekend.
Weekend Market Wrap: US Oil Rises, Major Stock Indexes and EUR/USD Slip
Over the weekend, US oil prices increased by 1.67%, while major global stock indexes including DAX, Dow, Nasdaq, FTSE, and Hang Seng experienced declines. The EUR/USD currency pair also slipped slightly by 0.16%, alongside minor drops in gold and silver prices.
U.S. Federal Authorities Arrest Two Relatives of Late Quds Force Commander Qassem Soleimani
Federal authorities in the U.S. have arrested two relatives of the late Quds Force commander Qassem Soleimani, highlighting ongoing security and intelligence efforts related to Iran. The arrests may impact geopolitical tensions involving the U.S. and Iran.
U.S. Federal Agents Arrest Niece and Grand Niece of Late Iranian Commander Qasem Soleimani
The U.S. State Department confirmed that federal agents arrested the niece and grand niece of the deceased Iranian military commander Qasem Soleimani on Friday. The arrests highlight ongoing scrutiny and enforcement actions related to Iran-linked individuals within the United States.
European Leaders Struggle to Agree on Unified Action Plan for Strait of Hormuz
European leaders are encountering challenges in formulating a cohesive strategy to address issues related to the Strait of Hormuz. The lack of consensus complicates efforts to manage geopolitical tensions in this critical maritime chokepoint.
European Leaders Urged by Trump to Deploy Military Resources to End Strait of Hormuz Blockade
According to the New York Times, European leaders are under pressure from President Trump to quickly allocate military forces to resolve the blockade in the Strait of Hormuz. This move aims to ensure the free flow of maritime traffic through this critical chokepoint.
European Officials Ready to Deploy Minesweepers to Strait of Hormuz Post-War
European officials have expressed their willingness to send minesweepers to the Strait of Hormuz once the ongoing conflict concludes. This move aims to ensure safe navigation through the strategically vital waterway. The development signals increased European involvement in securing key maritime routes after hostilities cease.
EU Finance Ministers Propose Windfall Tax on Energy Firms Amid Rising Fuel Prices
Five European Union finance ministers have called for a tax on windfall profits of energy companies in response to rising fuel prices driven by the Iran war. The proposal aims to address the economic impact of soaring energy costs on consumers within the EU.
Weekend Markets Open with Mostly Declines Amid Rising Oil Prices
Weekend trading has started with most major indices showing slight declines, including the DAX, Dow, Nasdaq, FTSE, and Hang Seng. The EUR/USD currency pair also dropped by 0.25%, while US oil prices rose significantly by 1.58%.
United States CFTC Gold NC Net Positions down to $163.2K from previous $168.3K
United States CFTC Gold NC Net Positions down to $163.2K from previous $168.3K