United States Monthly Budget Statement came in at $-293B, below expectations ($-275B) in May

Jun 10, 2026

Gold price crashes as Trump's strike threat sends Oil and yields higher

Gold (XAU/USD) price collapses over 3% on Wednesday after the latest inflation report in the US showed prices remain elevated, reinforcing expectations that interest rates could remain higher-for-longer, a headwind for the non-yielding metal.

“More than 100 million barrels of Oil moved through Strait of Hormuz”: US President Trump briefs on Hormuz

United States (US) President Donald Trump said on Tuesday that a secret US military operation helped secure commercial shipping through the Strait of Hormuz, allowing more than 100 million barrels of Oil to reach global markets amid ongoing tensions involving Iran.