UBS cuts gold target by USD 300-900/oz, citing stronger US data and delayed Fed easing expectations
Nasdaq says that the SpaceX (SPCX) IPO is to begin quoting at 09:50 EDT / 14:50 BST, will be be eligible to trade from 10:00 EDT/ 15:00 BST
Norsk Hydro (NHY NO) reportedly to have declared a second force majeure on aluminium sales from Qatar after its Qatalum JV unexpectedly terminated a marketing agreement, sources suggest
UBS cuts gold target by USD 300-900/oz, citing stronger US data and delayed Fed easing expectations
IRNA says the future administration of the Strait of Hormuz will be resolved as a regional matter via joint decision making between Iran and Oman
FedEx (FDX) is to remove de minimis exemption for low value goods by July 1st
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- Sees near-term pressure pushing gold toward USD 3,850–4,000/oz as higher yields and a stronger dollar weigh on prices. However, UBS remains bullish over 12 months, citing future rate cuts, dollar weakness, and continued central bank gold buying.
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