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Gold Slips Toward $4,200 as Fed Rate Hike Signals Weigh on XAU

Fed officials hint at potential rate increases this year, reducing gold's appeal despite geopolitical easing between the US and Iran. Gold prices (XAU/USD) fell to near $4,210 in early Asian trading Friday, extending losses after the Federal Reserve signaled possible rate

  • mohammad501ps@gmail.com
  • June 18, 2026
  • forex

Sterling Drops Below 1.3300 Despite BoE Hawkish Hold

GBP/USD falls to April lows as oil price declines overshadow Bank of England's shift toward tighter policy. The British Pound Sterling declined to its lowest level since early April, slipping below 1.3300 against the US Dollar, despite the Bank of England maintaining a haw

  • mohammad501ps@gmail.com
  • June 18, 2026
  • forex

Europe Accelerates Nuclear Revival as AI Demand Strains Power Grids

Surging electricity needs from AI data centers and energy security push European regulators to fast-track nuclear power projects. European regulators are prioritizing nuclear power to meet soaring electricity demand driven by AI data centers and energy independence goals.

  • mohammad501ps@gmail.com
  • June 18, 2026
  • stocks

Boeing Secures $880M Navy Contract for P-8A Poseidon Training Systems

The U.S. Navy awards Boeing an $880M deal to upgrade and sustain P-8A Poseidon aircrew and maintenance training systems. Boeing (BA) won an $880M firm-fixed-price contract to modernize and sustain P-8A Poseidon training systems for the U.S. Navy. The agreement covers devel

  • mohammad501ps@gmail.com
  • June 18, 2026
  • stocks

BHP To Divest Chilean Power Lines For About $1.5B

The miner aims to streamline operations by selling assets unrelated to its core copper focus in Chile. BHP plans to sell its power transmission lines in Chile, valued at approximately $1.5 billion. The move aligns with the company’s strategy to concentrate on copper mining

  • mohammad501ps@gmail.com
  • June 18, 2026
  • forex

USD/JPY Plunges From 161.80 on Unexplained Selling Pressure

Traders cite technical, intervention, or flow-based reasons after a sharp reversal with no confirmed catalyst. USD/JPY dropped abruptly from a session high of 161.80 in Thursday’s US afternoon session, reversing sharply without a clear trigger. The move resembled large ord

  • mohammad501ps@gmail.com
  • June 18, 2026
  • stocks

Aura Minerals Approves $200M Share and BDR Buyback Through June 2027

The gold producer will repurchase up to $200M of its shares and Brazilian Depositary Receipts over the next year. Aura Minerals (AUGO) will buy back up to $200M of its outstanding shares and Brazilian Depositary Receipts (BDRs) under a program approved by its board. The re

  • mohammad501ps@gmail.com
  • June 18, 2026
  • forex

GBP/JPY Drops Below Key SMA as Yen Strengthens

The cross-pair falls 0.21% to 213.11, testing the 100-day SMA at 212.79 amid renewed Yen demand. The GBP/JPY pair declined 0.21% during Thursday’s North American session, trading at 213.11 after peaking near 214.06. The move reflects a broader Pound Sterling depreciation d

  • mohammad501ps@gmail.com
  • June 18, 2026
  • oil

Citi Expects Oil Prices To Reach $60 By Q1 2027

Oil prices to trend to $60-65 by Q1 2027 Citi forecasts oil trending to $60-65 per barrel by Q1 2027 as Hormuz flows normalize. The bank's base case assumes sustained normalization of Hormuz flows under the US-Iran memorandum of understanding. This re-anchors pri

  • mohammad501ps@gmail.com
  • June 18, 2026
  • oil

Alberta Oil Sands See First New Project in Decade as Blackrod Ramps Up

International Petroleum Corp. launches 80,000-barrel-per-day Blackrod project amid debates over oil sands' role in energy transition. Alberta’s first new oil sands project in a decade has begun commercial production, targeting an average of 80,000 barrels per day at full c

  • mohammad501ps@gmail.com
  • June 18, 2026
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