Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Supreme Court Backs Lisa Cook, Defends Federal Reserve Independence Against Trump Firing Attempt 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
BOJ Rate Hike Expectations Rise as Weak Yen and Strong U.S. Jobs Data Increase Pressure 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Consumer price inflation declined by 0.1 percent in May, up 1.5 percent from a year ago. Producer price index grew 5.5 percent y/y in May.
- Australia: Home loans declined by 1.9 percent in April, Investment lending for homes declined 2.3 percent.
- United Kingdom: General election outcome points to a hung parliament in the UK.
Upcoming:
- Japan: Tertiary industry report will be published at 4:30 GMT.
- Germany: Trade balance report for April will be released at 6:00 GMT.
- France: Industrial output and budget reports for April will be published at 6:45 GMT.
- Italy: Unemployment report will be published at 8:00 GMT.
- United Kingdom: Industrial and manufacturing production report will be published at 8:30 GMT, along with trade balance for April and consumer inflation expectations for June. NIESR GDP estimate will be published at 12:00 GMT.
- Greece: Industrial production report for April and consumer price inflation report for May will be published at 9:00 GMT.
- Canada: Unemployment report will be published at 12:30 GMT.
- United States: Wholesale inventories report and TIPP economic optimism report will be published at 14:00 GMT.
