The UAE involved in the conflict? Reports claim it secretly attacked Iran, hitting an oil refinery on an island in the Persian Gulf in April.

According to reports, the UAE has long attempted to maintain a relatively balanced position between Iran and the West. However, as Iran's ongoing missile and drone attacks on the UAE territory continue to impact key industries such as aviation, tourism, and real estate, the UAE government’s stance has shifted, increasingly favoring the use of its advanced military capabilities to directly counter the Iranian threat. Following the report, crude oil prices extended their gains, with West Texas Intermediate (WTI) climbing towards $99 per barrel.

wallstreetcn05:27

Express News | According to the Wall Street Journal, sources reported that the UAE had previously carried out a military strike against Iran. The UAE’s attack included an assault on an oil refinery located on Iran's Lavan Island. The UAE has not publicly acknowledged it

Breakings04:12

Rupee in Crisis: India Quietly Plans Foreign Exchange Defense, Gold Purchase Restrictions May Be the First Step

Impacted by the war in Iran, India is facing significant foreign exchange pressure, with the rupee depreciating 5.6% against the US dollar year-to-date and foreign exchange reserves dropping to USD 690.7 billion. Prime Minister Modi has called on the public to stop purchasing gold, limit outbound tourism, use public transportation, and work from home. The government is studying several emergency measures, including restricting non-essential imports, raising fuel prices, and tightening regulations on foreign exchange withdrawals, to protect foreign exchange reserves and alleviate pressures on the current account deficit.

wallstreetcn00:50

Iran responded to the 'proposal to lift oil sanctions within 30 days,' with Trump calling it 'completely unacceptable,' while Netanyahu stated that 'the US-Israel military actions against Iran are not yet over.'

The nuclear negotiations between Iran and the US have deteriorated sharply, with Iran demanding that oil sanctions be lifted within 30 days and control over the Strait of Hormuz be established. Trump strongly condemned the move as "completely unacceptable," accusing Iran of repeatedly delaying and "playing games" with the United States for decades. Israeli Prime Minister Netanyahu simultaneously stated that military actions against Iran are "not yet over."

wallstreetcnMay 11 08:35

Bank of America: U.S. stocks and gold may record double-digit gains for the fourth consecutive year in 2023.

① Strategists at Bank of America predict that the U.S. stock market and gold market are poised to achieve double-digit growth for the fourth consecutive year; ② The bank forecasts an annualized increase of 20% for the S&P 500 Index this year, with gold expected to rise by 30%; ③ The bank also notes that small-cap stocks, emerging markets, and commodities are at a long-term bullish turning point, with the materials sector potentially becoming the next investment opportunity.

cls.cnMay 9 21:09

Gold rebounds above the key trendline; can the bulls regain control?

Gold prices have risen for four consecutive days, regaining momentum and breaking through key moving averages! The weakening of the US dollar, sustained central bank gold purchases, and easing expectations of interest rate hikes have collectively created a favorable environment for gold's rebound. However, resistance at the $4,800 level persists, with inflation and concerns over interest rate hikes still looming. Amidst this pivotal battle between bulls and bears, can this "gold rush" continue?

wallstreetcnMay 9 15:28