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Market News Gold erased its gains this week as expectations for a Fed rate hike this year intensified.
Markets News
Gold erased its gains this week as expectations for a Fed rate hike this year intensified.
TOPONE Markets Analyst2026-06-18 08:30:19
Hot spot tracking
- U.S. strategic petroleum reserves for the week ending June 12 were at their lowest level since the week ending July 29, 1983. Inventories at the largest U.S. oil storage hub plummeted to critically low levels. This news is bullish for crude oil.
- Cook: Rising memory prices will lead to price increases for Apple products. This news is positive for Apple.
- IEA Monthly Report: The gradual reopening of the Hormoz Strait will lead to a significant surplus of oil reserves next year. This news is bearish for crude oil.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.36% 1.14615 1.15034 GBP/USD ▼-0.49% 1.32245 1.32893 AUD/USD ▼-0.15% 0.7004 0.70143 USD/JPY ▲0.18% 160.884 160.598 GBP/CAD ▼-0.23% 1.86833 1.87263 NZD/CAD ▲0.51% 0.81743 0.81332 📝 Review:The US dollar index surged, breaking through the 100 mark, and ultimately closed up 0.84% at 100.37; the benchmark 10-year US Treasury yield closed at 4.491%, and the 2-year US Treasury yield, which is sensitive to the Federal Reserve's policy rate, closed at 4.197%.🕵️ Operation suggestion:USD/JPY 160.560 Buy Target Price 160.967
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲1.80% 4329.65 4252.96 Silver ▲2.85% 69.816 67.88 📝 Review:Spot gold plunged after the Federal Reserve's interest rate decision was announced, hitting a low of $4,218.99 per ounce, before closing down 1.7% at $4,257.78 per ounce, erasing all gains for the week and ending a four-day winning streak. Spot silver fell below the $68 mark, ultimately closing down 3% at $67.91 per ounce.🕵️ Operation suggestion:Gold 4293.82 Sell Target Price 4172.48
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-2.35% 73.333 75.099 Brent Crude Oil ▼-2.03% 76.966 78.563 📝 Review:International crude oil prices continued their decline, fluctuating wildly throughout the day due to geopolitical news in the Middle East. WTI crude oil initially rose after Israel launched another attack on southern Lebanon, and Trump threatened to resume bombing Iran if dissatisfied with the agreement. However, it fell back after news broke that the US and Iran had signed an agreement, ultimately closing down 1.22% at $75.72 per barrel; Brent crude oil closed down 0.9% at $78.52 per barrel.🕵️ Operation suggestion:WTI Crude Oil 74.951 Sell Target Price 71.495
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.91% 30180.55 29908.65 Dow Jones ▲0.45% 51844.1 51612.1 S&P 500 ▲0.60% 7497.25 7452.35 US Dollar Index ▲0.39% 100.65 100.26 📝 Review:U.S. stocks closed lower across the board, with the Dow Jones Industrial Average down 0.97%, the S&P 500 down 1.2%, and the Nasdaq Composite down 1.3%. SpaceX (SPCX.O) fell 5%, NVIDIA (NVDA.O) fell 1%, and Western Digital (WDC.O) rose 4%. The Nasdaq China Golden Dragon Index fell 1.1%, and Li Auto (LI.O) fell 3%.🕵️ Operation suggestion:Nasdaq 100 30078.250 Buy Target Price 30575.260
Calendar
20:30 (GMT+8): US Initial Jobless Claims for the Week Ending June 13- 22:00 (GMT+8): US May Conference Board Leading Economic Index (MoM)
- 22:30 (GMT+8): U.S. EIA Natural Gas Storage for the week ending June 12
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