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Express News | Iran stated that mediators have proposed a 10-day ceasefire between the U.S. and Iran.
The gold price correction has not yet ended—could $3,500 become a key support level?
The gold market has entered a critical phase of bullish-bearish tug-of-war. Technical indicators continue to show downward pressure, yet central bank demand for gold remains robust, leading to a clear divergence among institutional views on the metal's medium-term outlook.
Update: Trump warns of additional strikes on Iran; Saudi supply at risk; U.S. stock indices decline; oil prices rise.
U.S. stock indices declined while oil prices rose. President Donald Trump stated that the United States would launch additional strikes against Iran, as Tehran-backed Houthi militants threatened Saudi Arabia’s crude oil supply. The Nasdaq Composite fell less than 0.1% on Monday to close at 25,508.07, erasing a gain of more than 1% earlier in the session. The S&P 500 dropped 0.2% to 7,443.28, having traded in positive territory earlier in the day. The Dow Jones Industrial Average declined 0.6% to 51,839.26, closing near its session low. Healthcare, materials, and industrial stocks led the losses, while communication services, energy, and technology were the only sectors to post gains.
Brent crude surges above $90! Risk of uncontrolled U.S.-Iran conflict escalates sharply, with three U.S. military personnel killed in two days—Trump faces a critical test.
Trump previously warned Iran that it would face a stronger response if it killed U.S. military personnel. Now, with consecutive U.S. military deaths and escalating attacks between both sides, tensions in the Middle East are once again approaching a dangerous tipping point.
U.S. officials stated that 'a U.S. military base in Jordan was attacked four times in five days, resulting in the deaths of two American service members,' while Iran's Supreme Leader emphasized that the United States would be given a 'lesson it would neve
According to U.S. sources on July 18, several U.S. officials stated that Iran has launched four attacks over the past five days against U.S. military bases in Jordan, resulting in two American military personnel killed, dozens injured, and multiple helicopters damaged.
Stronger-than-expected U.S. consumer confidence bolstered markets: Gold prices reversed Friday's losses to close higher, holding firmly above the $4,000 mark.
Gold futures turned higher on Friday after the latest U.S. economic data showed improved consumer confidence and easing near-term inflation expectations.