June 11 Financial Breakfast: Trump's "fierce strike" threat vs. Iran's "war not limited to the region," gold prices plunge to test the $4,000 mark, gold prices surge over 2%.
2026-06-11 06:23:22
On Thursday (June 11, Beijing time) in early Asian trading, spot gold continued its decline, hitting a seven-month low, and may test the $4,000/ounce level during the day, benefiting from escalating tensions in the Middle East that have triggered market concerns about inflation and interest rate hikes. Trump threatened a "fierce" attack on Iran if it failed to reach a peace agreement, and Iran stated that the war would not be confined to the region. As a result, US crude oil surged by more than 2%, trading around $92.25 per barrel.
U.S. stocks closed down more than 1% on Wednesday, with technology stocks, especially chipmakers, continuing their decline. The renewed escalation of tensions between the U.S. and Iran, which fueled investor fears of war, dragged down the market.
The S&P 500 fell 1.61% to 7267.65, the Nasdaq fell 1.97% to 25169.50, and the Dow Jones Industrial Average fell 1.87% to 49920.07.
The Consumer Price Index (CPI) released that day rose 4.2% year-on-year in May, the largest increase since April 2023, but in line with market expectations. The market generally expects the Federal Reserve to keep interest rates unchanged at its June policy meeting, while investors expect at least a 25 basis point rate hike before the end of the year.
In terms of individual stocks, Supermicro Computer (SMCI) saw its share price plummet after announcing a $7 billion equity financing round to meet demand for AI servers; trucking companies such as XPO, JB Hunt, and Old Dominion saw their shares fall after Amazon announced an expansion of its less-than-truckload (LTL) freight service in the United States.
also,
SpaceX's planned $1.75 trillion IPO on Friday, aiming to raise $75 billion, could further exacerbate market concerns about excessive optimism in the technology sector. The Cboe Volatility Index rose for the second consecutive day, with funds flowing out of technology stocks and into sectors that have lagged this year, such as healthcare, real estate, and consumer staples.
Gold prices fell more than 4% on Wednesday, with spot gold closing down 4.42% at $4,071.15 an ounce, hitting a seven-month low during the session, mainly due to escalating tensions in the Middle East that fueled market concerns about inflation and interest rate hikes.
Previously, US President Trump threatened a "fierce strike" against Iran if it failed to reach a peace agreement, while Iran retaliated by launching missile and drone attacks on US military bases in Jordan, Kuwait, and Bahrain. The CME Group's FedWatch tool shows that traders expect a roughly 67% probability of a US interest rate hike in December.
The U.S. Labor Department's May CPI data showed continued inflationary pressures, and the market is focused on Thursday's PPI data for clues about monetary policy. Independent metals traders noted that strong non-farm payrolls and Trump's threats have created a strong market demand for positive news; despite recent gold price consolidation, analysts believe that central bank gold purchases and concerns about currency devaluation continue to support gold prices.
In other precious metals, spot silver fell 2.94% to $63.38, platinum fell 2.6% to $1681.88, while palladium rose 0.7% to $1230.41.
Oil prices rose more than 3% on Wednesday, with Brent crude settling at $94.67 a barrel, up 3.13%, and WTI crude settling at $91.85 a barrel, up 3.55%, mainly due to US President Trump's threat to launch a "fierce" strike against Iran if it fails to reach a peace agreement; this followed the most serious exchange of fire between the two sides overnight since the ceasefire in April, exacerbating market concerns about supply disruptions.
However, Trump later stated that the U.S. military had secretly escorted more than 100 million barrels of crude oil through the Strait of Hormuz, implying that this would help curb oil prices, causing oil prices to give back some of their gains at the end of the trading day.
In addition, data from the U.S. Energy Information Administration (EIA) showed that U.S. crude oil inventories fell by 7.2 million barrels in the week ending June 5, far exceeding analysts' expectations of 4 million barrels, and the strategic petroleum reserve fell to its lowest level since August 2023; at the same time, the U.S. Department of Energy said it plans to lend up to 40 million barrels of crude oil from the strategic petroleum reserve to businesses to help lower fuel prices.
The dollar index closed up 0.09% at 100.04 on Wednesday, after falling as low as 99.71 during the session, as the U.S. consumer price index (CPI) rose 4.2% year-on-year in May, the biggest increase in three years, but in line with market expectations and did not significantly increase the likelihood of a Federal Reserve rate hike this year.
Corpay's chief market strategist in Toronto said that core inflation has not accelerated as widely feared, indicating that soaring energy prices have not yet been transmitted to the key indicators that the Federal Reserve is watching. Short-term Treasury traders have reduced their bets on a September rate hike, but remain convinced that a rate hike will happen before the end of October.
Meanwhile, tensions between the US and Iran have made it difficult for traders to predict the future: US President Trump threatened to launch a “fierce attack” on Iran if a peace agreement could not be reached, but also announced that the US military had secretly escorted more than 100 million barrels of crude oil out of the Strait of Hormuz, easing pressure on oil prices.
The yen remains the focus, with the market almost fully priced in the Bank of Japan's expected rate hike at its June 16 meeting. However, the yen remains weak against the dollar at 160.475 yen to one dollar, hovering near the threshold of official intervention. Analysts say that a rate hike alone is unlikely to reverse the yen's depreciation trend, and the central bank needs to release a more hawkish signal or intervene with funds again.
In other currencies, the Canadian dollar rose 0.1% against the US dollar after the Bank of Canada kept interest rates unchanged; the British pound also rose 0.1% against the US dollar, as investors focused on Friday's UK GDP data.
Iran: Military force cannot achieve a sustainable agreement; Trump should stop threatening.
Iran's permanent representative to the United Nations responded on the 10th to US President Trump's threat to strike Iran, stating that threats, intimidation, or the use of force cannot lead to a sustainable agreement, and that Trump should stop threatening Iran. According to the Islamic Republic News Agency (IRNA), Iran's permanent representative to the UN, Illavani, said at a UN Security Council meeting on the 10th that Trump should stop his repeated threats against Iran, including his renewed threat of force that day. Earlier that day, Trump stated that the US would launch another strike against Iran, and that it would be "very powerful." (Xinhua)
Iran will respond strongly to US aggression.
Iran's Tasnim News Agency, citing military sources, reported early this morning (June 11) that the Iranian armed forces are prepared to respond forcefully to any aggressive actions by the United States, and that Iran will strike new targets of US interests. (CCTV International News)
US media: Trump convened a meeting in the situation room to discuss strike plans against Iran.
According to Axios, two U.S. sources revealed that President Trump convened a meeting in the White House Situation Room on Wednesday afternoon to discuss plans for a new round of strikes against Iran. Just hours earlier, he had told reporters that the U.S. "will launch another powerful strike against it today." The sources said Trump is considering a large-scale, short-duration military operation intended to force Iran to change its stance in related negotiations; specific details were not disclosed. The sources said that Vance, Rubio, the CIA director, Chairman of the Joint Chiefs of Staff Dan Cain, White House Special Envoy Witkov, and other senior officials attended the Situation Room meeting. Defense Secretary Hergese participated in the meeting via video conference.
US Defense Secretary says it will launch a fierce attack on Iran
On the afternoon of June 10 local time (early morning of June 11 Beijing time), US Defense Secretary Hergsays stated that the US Central Command (Eastern Time) would be "very busy" on the evening of June 10 because the US military would "launch a heavy attack on Iran" and "bomb key facilities inside Iran." Hergsays stated that any action taken by the US military was "aimed at advancing US military interests and enhancing its diplomatic standing." He added that if bombs were needed to "negotiate" with Iran, then the US would "use bombs to negotiate." (CCTV International News)
Iranian parliamentary leader: The war will not be confined to this region.
Following Trump's remarks about possible further attacks on Iran, Ibrahim Aziz, head of the Iranian parliament's National Security Committee, posted a strong statement on social media. He stated, "We are not afraid to fight the losers. The number of American casualties is already far higher than Trump has admitted, and it will continue to rise. This time, the war will not be confined to this region. We will wait and see!"
Trump claims to have secured the passage of hundreds of millions of barrels of oil through the Strait.
US President Donald Trump posted on social media that he directed the US military last month to conduct a "secret mission" to "support oil tankers and other merchant ships through the Strait of Hormuz." In his post, Trump claimed that this operation "has facilitated the passage of more than 100 million barrels of oil through the Strait of Hormuz into the open market, and more than 200 merchant ships have safely passed through the strait." Trump emphasized, "This operation has been a huge success because the United States controls the Strait of Hormuz—not Iran. Their military has been defeated, their economy is finished. Iran's days are numbered!" (CCTV International News)
Iranian President: Iran will resolutely resist any pressure and threats.
On October 10th local time, Iranian President Peskov stated that any threats targeting infrastructure, from transportation networks to the power and water sectors, are not a display of strength but rather a desperate act against the will of the nation. Iran will resolutely resist any pressure and threats. Fox News reported on the same day that US President Trump said he was "close" to ordering new strikes against Iranian power plants and bridges. The report said Trump stated this was in response to Iran "dragging the US down" during negotiations. (CCTV News)
Netanyahu will run in the next Israeli parliamentary election.
The ruling Likud party, led by Israeli Prime Minister Benjamin Netanyahu, announced on October 10 that Netanyahu will run in the next Israeli parliamentary elections in an effort to remain in power. Likud made the announcement in a brief statement without providing further details. This comes after US President Donald Trump, in an interview with ABC News, stated that it was unclear whether Netanyahu planned to run again. The Likud party subsequently issued the aforementioned statement in response. The Israeli parliamentary elections are scheduled for no later than October 27th of this year. (Xinhua)
International institutions are bullish on Chinese technology assets.
Since the beginning of this year, China's economy has maintained a steady and progressive development trend. In response, numerous authoritative institutions both domestically and internationally have recently released a series of research reports assessing the development potential and new drivers of China's economy. A series of research reports released by PwC in the first half of this year show that China's economic resilience is evident, new productive forces are rapidly taking shape, and it has become an important anchor point for global capital. The "Global CEO Survey China Report" found a significant increase in the proportion of global CEOs who listed mainland China as one of their top three investment destinations. PwC's macroeconomic research report points out that a series of data demonstrate the strong new momentum of China's economy: In the first quarter of this year, actual foreign investment in China's high-tech industries increased by 30.7% year-on-year, with R&D and design services and computer and office equipment manufacturing seeing increases of 127.8% and 88.1% respectively. China's AI sector has also performed exceptionally well, with mainland companies leading the world in AI application capabilities, and 17% of companies achieving cost reduction and revenue increase through AI. (CCTV News)
International institutions are optimistic about China's robotics industry.
This year, the technological attributes of China's economy have continued to strengthen. Research reports released by authoritative institutions both domestically and internationally have unanimously concluded that innovation has become the core driving force attracting foreign investment to continue its deep investment in China. Temur Baig, Chief Economist at DBS Group in Singapore, stated, "Over the past few decades, China has laid a solid foundation in education, R&D, and industrial investment, which will drive high-tech, green technology, and the service industry to continuously create high added value, becoming an important source of economic growth. The continuous investment over the past decades will gradually release huge dividends in the future, and the development prospects of China's economy are very promising." The Global Head of Technology Research at Wedbush Securities in the United States said, "Observing large technology companies in China, we can see that related demand is constantly emerging, and the next stage of growth in China's artificial intelligence industry has just begun. Future growth points lie in the robotics field. In my view, humanoid robots will be an important direction for the release of large amounts of demand in the Chinese market." Currently, many top international investment banks, including Goldman Sachs, JPMorgan Chase, UBS, and Citigroup, have maintained overweight, overweight, or buy ratings for Chinese A-shares. (CCTV Finance)
my country's shipbuilding industry accounts for nearly 70% of the global order book. Industry insiders analyze investment trends in the shipbuilding sector.
Data released by the Ministry of Industry and Information Technology on May 9th shows that in the first quarter of this year, my country's shipbuilding industry saw comprehensive growth in three major indicators: shipbuilding completion volume, new orders, and order backlog, maintaining its leading global market share. As of the end of March, the order backlog reached 322.3 million deadweight tons, a year-on-year increase of 43.6%, accounting for 69.8% of the world's total. Does such strong growth signify the arrival of opportunities in the sector? Wang Huajun, Assistant Director of the Research Institute of Zheshang Securities and Chief Analyst of the Machinery Industry, stated during a guest appearance on CCTV Finance's large-scale integrated media live broadcast program "Financial Interview" that shipbuilding is a cyclical industry, and currently, the trend is upward. (CCTV Finance)
Key Focus Today
stock market
U.S. stocks closed down more than 1% on Wednesday, with technology stocks, especially chipmakers, continuing their decline. The renewed escalation of tensions between the U.S. and Iran, which fueled investor fears of war, dragged down the market.
The S&P 500 fell 1.61% to 7267.65, the Nasdaq fell 1.97% to 25169.50, and the Dow Jones Industrial Average fell 1.87% to 49920.07.
The Consumer Price Index (CPI) released that day rose 4.2% year-on-year in May, the largest increase since April 2023, but in line with market expectations. The market generally expects the Federal Reserve to keep interest rates unchanged at its June policy meeting, while investors expect at least a 25 basis point rate hike before the end of the year.
In terms of individual stocks, Supermicro Computer (SMCI) saw its share price plummet after announcing a $7 billion equity financing round to meet demand for AI servers; trucking companies such as XPO, JB Hunt, and Old Dominion saw their shares fall after Amazon announced an expansion of its less-than-truckload (LTL) freight service in the United States.
also,
SpaceX's planned $1.75 trillion IPO on Friday, aiming to raise $75 billion, could further exacerbate market concerns about excessive optimism in the technology sector. The Cboe Volatility Index rose for the second consecutive day, with funds flowing out of technology stocks and into sectors that have lagged this year, such as healthcare, real estate, and consumer staples.
Gold Market
Gold prices fell more than 4% on Wednesday, with spot gold closing down 4.42% at $4,071.15 an ounce, hitting a seven-month low during the session, mainly due to escalating tensions in the Middle East that fueled market concerns about inflation and interest rate hikes.
Previously, US President Trump threatened a "fierce strike" against Iran if it failed to reach a peace agreement, while Iran retaliated by launching missile and drone attacks on US military bases in Jordan, Kuwait, and Bahrain. The CME Group's FedWatch tool shows that traders expect a roughly 67% probability of a US interest rate hike in December.
The U.S. Labor Department's May CPI data showed continued inflationary pressures, and the market is focused on Thursday's PPI data for clues about monetary policy. Independent metals traders noted that strong non-farm payrolls and Trump's threats have created a strong market demand for positive news; despite recent gold price consolidation, analysts believe that central bank gold purchases and concerns about currency devaluation continue to support gold prices.
In other precious metals, spot silver fell 2.94% to $63.38, platinum fell 2.6% to $1681.88, while palladium rose 0.7% to $1230.41.
oil market
Oil prices rose more than 3% on Wednesday, with Brent crude settling at $94.67 a barrel, up 3.13%, and WTI crude settling at $91.85 a barrel, up 3.55%, mainly due to US President Trump's threat to launch a "fierce" strike against Iran if it fails to reach a peace agreement; this followed the most serious exchange of fire between the two sides overnight since the ceasefire in April, exacerbating market concerns about supply disruptions.
However, Trump later stated that the U.S. military had secretly escorted more than 100 million barrels of crude oil through the Strait of Hormuz, implying that this would help curb oil prices, causing oil prices to give back some of their gains at the end of the trading day.
In addition, data from the U.S. Energy Information Administration (EIA) showed that U.S. crude oil inventories fell by 7.2 million barrels in the week ending June 5, far exceeding analysts' expectations of 4 million barrels, and the strategic petroleum reserve fell to its lowest level since August 2023; at the same time, the U.S. Department of Energy said it plans to lend up to 40 million barrels of crude oil from the strategic petroleum reserve to businesses to help lower fuel prices.
Foreign exchange market
The dollar index closed up 0.09% at 100.04 on Wednesday, after falling as low as 99.71 during the session, as the U.S. consumer price index (CPI) rose 4.2% year-on-year in May, the biggest increase in three years, but in line with market expectations and did not significantly increase the likelihood of a Federal Reserve rate hike this year.
Corpay's chief market strategist in Toronto said that core inflation has not accelerated as widely feared, indicating that soaring energy prices have not yet been transmitted to the key indicators that the Federal Reserve is watching. Short-term Treasury traders have reduced their bets on a September rate hike, but remain convinced that a rate hike will happen before the end of October.
Meanwhile, tensions between the US and Iran have made it difficult for traders to predict the future: US President Trump threatened to launch a “fierce attack” on Iran if a peace agreement could not be reached, but also announced that the US military had secretly escorted more than 100 million barrels of crude oil out of the Strait of Hormuz, easing pressure on oil prices.
The yen remains the focus, with the market almost fully priced in the Bank of Japan's expected rate hike at its June 16 meeting. However, the yen remains weak against the dollar at 160.475 yen to one dollar, hovering near the threshold of official intervention. Analysts say that a rate hike alone is unlikely to reverse the yen's depreciation trend, and the central bank needs to release a more hawkish signal or intervene with funds again.
In other currencies, the Canadian dollar rose 0.1% against the US dollar after the Bank of Canada kept interest rates unchanged; the British pound also rose 0.1% against the US dollar, as investors focused on Friday's UK GDP data.
International News
Iran: Military force cannot achieve a sustainable agreement; Trump should stop threatening.
Iran's permanent representative to the United Nations responded on the 10th to US President Trump's threat to strike Iran, stating that threats, intimidation, or the use of force cannot lead to a sustainable agreement, and that Trump should stop threatening Iran. According to the Islamic Republic News Agency (IRNA), Iran's permanent representative to the UN, Illavani, said at a UN Security Council meeting on the 10th that Trump should stop his repeated threats against Iran, including his renewed threat of force that day. Earlier that day, Trump stated that the US would launch another strike against Iran, and that it would be "very powerful." (Xinhua)
Iran will respond strongly to US aggression.
Iran's Tasnim News Agency, citing military sources, reported early this morning (June 11) that the Iranian armed forces are prepared to respond forcefully to any aggressive actions by the United States, and that Iran will strike new targets of US interests. (CCTV International News)
US media: Trump convened a meeting in the situation room to discuss strike plans against Iran.
According to Axios, two U.S. sources revealed that President Trump convened a meeting in the White House Situation Room on Wednesday afternoon to discuss plans for a new round of strikes against Iran. Just hours earlier, he had told reporters that the U.S. "will launch another powerful strike against it today." The sources said Trump is considering a large-scale, short-duration military operation intended to force Iran to change its stance in related negotiations; specific details were not disclosed. The sources said that Vance, Rubio, the CIA director, Chairman of the Joint Chiefs of Staff Dan Cain, White House Special Envoy Witkov, and other senior officials attended the Situation Room meeting. Defense Secretary Hergese participated in the meeting via video conference.
US Defense Secretary says it will launch a fierce attack on Iran
On the afternoon of June 10 local time (early morning of June 11 Beijing time), US Defense Secretary Hergsays stated that the US Central Command (Eastern Time) would be "very busy" on the evening of June 10 because the US military would "launch a heavy attack on Iran" and "bomb key facilities inside Iran." Hergsays stated that any action taken by the US military was "aimed at advancing US military interests and enhancing its diplomatic standing." He added that if bombs were needed to "negotiate" with Iran, then the US would "use bombs to negotiate." (CCTV International News)
Iranian parliamentary leader: The war will not be confined to this region.
Following Trump's remarks about possible further attacks on Iran, Ibrahim Aziz, head of the Iranian parliament's National Security Committee, posted a strong statement on social media. He stated, "We are not afraid to fight the losers. The number of American casualties is already far higher than Trump has admitted, and it will continue to rise. This time, the war will not be confined to this region. We will wait and see!"
Trump claims to have secured the passage of hundreds of millions of barrels of oil through the Strait.
US President Donald Trump posted on social media that he directed the US military last month to conduct a "secret mission" to "support oil tankers and other merchant ships through the Strait of Hormuz." In his post, Trump claimed that this operation "has facilitated the passage of more than 100 million barrels of oil through the Strait of Hormuz into the open market, and more than 200 merchant ships have safely passed through the strait." Trump emphasized, "This operation has been a huge success because the United States controls the Strait of Hormuz—not Iran. Their military has been defeated, their economy is finished. Iran's days are numbered!" (CCTV International News)
Iranian President: Iran will resolutely resist any pressure and threats.
On October 10th local time, Iranian President Peskov stated that any threats targeting infrastructure, from transportation networks to the power and water sectors, are not a display of strength but rather a desperate act against the will of the nation. Iran will resolutely resist any pressure and threats. Fox News reported on the same day that US President Trump said he was "close" to ordering new strikes against Iranian power plants and bridges. The report said Trump stated this was in response to Iran "dragging the US down" during negotiations. (CCTV News)
Netanyahu will run in the next Israeli parliamentary election.
The ruling Likud party, led by Israeli Prime Minister Benjamin Netanyahu, announced on October 10 that Netanyahu will run in the next Israeli parliamentary elections in an effort to remain in power. Likud made the announcement in a brief statement without providing further details. This comes after US President Donald Trump, in an interview with ABC News, stated that it was unclear whether Netanyahu planned to run again. The Likud party subsequently issued the aforementioned statement in response. The Israeli parliamentary elections are scheduled for no later than October 27th of this year. (Xinhua)
Domestic News
International institutions are bullish on Chinese technology assets.
Since the beginning of this year, China's economy has maintained a steady and progressive development trend. In response, numerous authoritative institutions both domestically and internationally have recently released a series of research reports assessing the development potential and new drivers of China's economy. A series of research reports released by PwC in the first half of this year show that China's economic resilience is evident, new productive forces are rapidly taking shape, and it has become an important anchor point for global capital. The "Global CEO Survey China Report" found a significant increase in the proportion of global CEOs who listed mainland China as one of their top three investment destinations. PwC's macroeconomic research report points out that a series of data demonstrate the strong new momentum of China's economy: In the first quarter of this year, actual foreign investment in China's high-tech industries increased by 30.7% year-on-year, with R&D and design services and computer and office equipment manufacturing seeing increases of 127.8% and 88.1% respectively. China's AI sector has also performed exceptionally well, with mainland companies leading the world in AI application capabilities, and 17% of companies achieving cost reduction and revenue increase through AI. (CCTV News)
International institutions are optimistic about China's robotics industry.
This year, the technological attributes of China's economy have continued to strengthen. Research reports released by authoritative institutions both domestically and internationally have unanimously concluded that innovation has become the core driving force attracting foreign investment to continue its deep investment in China. Temur Baig, Chief Economist at DBS Group in Singapore, stated, "Over the past few decades, China has laid a solid foundation in education, R&D, and industrial investment, which will drive high-tech, green technology, and the service industry to continuously create high added value, becoming an important source of economic growth. The continuous investment over the past decades will gradually release huge dividends in the future, and the development prospects of China's economy are very promising." The Global Head of Technology Research at Wedbush Securities in the United States said, "Observing large technology companies in China, we can see that related demand is constantly emerging, and the next stage of growth in China's artificial intelligence industry has just begun. Future growth points lie in the robotics field. In my view, humanoid robots will be an important direction for the release of large amounts of demand in the Chinese market." Currently, many top international investment banks, including Goldman Sachs, JPMorgan Chase, UBS, and Citigroup, have maintained overweight, overweight, or buy ratings for Chinese A-shares. (CCTV Finance)
my country's shipbuilding industry accounts for nearly 70% of the global order book. Industry insiders analyze investment trends in the shipbuilding sector.
Data released by the Ministry of Industry and Information Technology on May 9th shows that in the first quarter of this year, my country's shipbuilding industry saw comprehensive growth in three major indicators: shipbuilding completion volume, new orders, and order backlog, maintaining its leading global market share. As of the end of March, the order backlog reached 322.3 million deadweight tons, a year-on-year increase of 43.6%, accounting for 69.8% of the world's total. Does such strong growth signify the arrival of opportunities in the sector? Wang Huajun, Assistant Director of the Research Institute of Zheshang Securities and Chief Analyst of the Machinery Industry, stated during a guest appearance on CCTV Finance's large-scale integrated media live broadcast program "Financial Interview" that shipbuilding is a cyclical industry, and currently, the trend is upward. (CCTV Finance)
- Risk Warning and Disclaimer
- The market involves risk, and trading may not be suitable for all investors. This article is for reference only and does not constitute personal investment advice, nor does it take into account certain users’ specific investment objectives, financial situation, or other needs. Any investment decisions made based on this information are at your own risk.
