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2026-06-11Thursday
Spot gold has just broken through the $4080.00/ounce mark, last trading at $4080.54/ounce, up 0.24% on the day; COMEX gold futures are last trading at $4101.40/ounce, down 0.77% on the day.
[Escalating US-Iran Conflict Sparks Inflation Fears, Copper Prices Fall to Three-Week Low] 1. Copper prices fell to a three-week low due to heightened concerns about accelerating inflation, rising interest rates, and slowing economic growth, fueled by a new round of military conflict in the Middle East. 2. The US Central Command announced "additional defensive strikes" against Iran. This followed retaliatory action on Tuesday in response to the downing of a US helicopter. Analysts believe these actions reflect President Trump's growing impatience with the prolonged failure to reach a peace agreement with Iran. 3. The latest US military action has injected more uncertainty into global financial markets and pushed up oil prices. This further exacerbated market concerns about accelerating inflation, especially after the US Consumer Price Index (CPI) posted its largest year-on-year increase in more than three years in May. 4. As of 12:05 AM Beijing time, three-month copper prices on the London Metal Exchange (LME) fell as much as 0.5% to $13,378 per tonne, the lowest level since May 20.
According to the Financial Times, EU countries are considering a major reform proposal: dissolving the EU's existing diplomatic service.
The Nikkei 225 index has just broken through the 64,100.00 mark, currently trading at 64,090.63, down 0.14% on the day.
Kuwait: Air defense forces intercepted an aerial target on Thursday morning.
The Nikkei 225 index has just broken through the 64,200.00 mark, currently trading at 64,217.27, up 0.06% on the day.