Newsquawk Logo

[MARKET ANALYSIS] Crude futures rangebound, spot gold muted as markets await Warsh's first Fed meeting

Newsquawk StaffPublished On the live feed at — 9 more headlines followed before this page went public
Newsquawk headlinesUTC

EU Core Inflation Rate YoY Final (May) Y/Y 2.6% vs. Exp. 2.5% (Prev. 2.2%)

EU Inflation Rate YoY Final (May) Y/Y 3.2% vs. Exp. 3.2% (Prev. 3%, Low. 3.2%, High. 3.2%)

[MARKET ANALYSIS] Crude futures rangebound, spot gold muted as markets await Warsh's first Fed meeting

[MARKET ANALYSIS] Mixed trade for fixed paper, Gilts lead following steady UK inflation which ease hawkish fears

"An informed source: Bloomberg's alleged text about the [US-Iran] memorandum is not accurate", Tasnim reports; adds that "The text of the memorandum, based on the agreement of the parties, will not be published after it is signed on Friday".

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.
  • Crude futures are essentially flat, hovering at 3-month lows, as markets await the US-Iran MoU signing in Switzerland. Details of the deal remain light; however, Reuters did shine some light on a point of the draft MoU: the rehabilitation and economic development of Iran. The report stated that a USD 300bln private fund is being designed to trigger investment into Iran. The report added that commitments have already exceeded USD 150bln across 5 regions, while the fund will not contain US government money or grants.
  • Energy benchmarks are relatively contained. WTI Aug'26 oscillates in a USD 74.09-76.06 range while Brent Aug'26 rotates in a 77.75-79.57/bbl band.
  • Spot gold has come off slightly ahead of the FOMC meeting, in which a hold is expected. Focus will lie in the press conference, in which Fed Chair Warsh is delivering his first post-policy conference in his new role. The yellow metal currently trades at the lower end of its narrow USD 4318-4350/oz range.
  • 3M LME Copper flips either side of the USD 13.8k/t handle as market risk is subdued.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.