Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
The U.S. dollar rose sharply alongside safe-haven currencies like the Japanese yen and Swiss franc following reports that Israel launched airstrikes on Iran. Two U.S. officials confirmed the strikes to Reuters, clarifying that the U.S. had no role in the operation. Explosions were reportedly heard northeast of Tehran.
Currency markets reacted swiftly to the geopolitical tension. The U.S. dollar index, which measures the greenback against six major currencies, gained 0.4% to reach 98.07 in early Asian trading. The dollar fell 0.35% against the yen to 143.00, while the Swiss franc slipped 0.39% to 0.807 per dollar. Risk-sensitive currencies such as the Australian and New Zealand dollars dropped 0.9% each.
Earlier this week, the dollar had weakened amid a tepid investor response to the U.S.-China trade truce and softer-than-expected inflation data, which fueled expectations of deeper interest rate cuts by the Federal Reserve.
Despite today's rally, the dollar remains on track for weekly losses against the yen, euro, and Swiss franc.
The geopolitical shock also impacted commodities. Crude oil prices surged over $4 per barrel, reflecting fears of supply disruption in the oil-rich Middle East. Gold prices rose 0.8%, marking their highest level since early May as investors sought safety.
The swift reversal in global markets underscores the fragile balance between macroeconomic trends and geopolitical risks, particularly in currency and commodity markets. As tensions escalate, investors are flocking to traditional safe havens while reassessing monetary policy expectations.
