EUR/USD
1.13933
0.209%
Gold
4044.00
0.432%
Oil
70.130
-1.674%
USD/JPY
161.670
-0.078%
GBP/USD
1.32110
0.158%
GBP/JPY
213.587
0.092%
Real-time News
The Stoxx Europe 600 index fell further to 1%, hitting a new intraday low.June 26 – Royal Bank of Canada remains optimistic about the medium- to long-term outlook for gold, believing that the “currency devaluation trade” still has room for further development. “We believe there could be more buying at $4,000 per ounce and below, but more importantly, the broader theme of the ‘currency devaluation trade’ remains intact,” said Chris Louney, commodities strategist at RBC. “In the long term, given concerns about issues such as rising government debt, we believe the drivers for gold remain in place.”On June 26th, Shenghe Jingwei announced that its first board of directors fourth meeting and the second extraordinary shareholders meeting of 2024, held on November 20th, approved the "Proposal on Investing in the Construction of Shenghe Jingweis Lingang Advanced Packaging Production Line Project," agreeing to invest in the construction of the Dongsheng Hexin 3D Integrated Chip Manufacturing (Phase I) project. The total investment for the project is approximately RMB 10 billion, with the final investment amount subject to actual project input. The company will invest as needed based on the projects progress. Currently, the project is actively preparing for various pre-construction matters, and construction will officially commence on June 29th after completing the relevant procedures in the coming days.On June 26, according to Irans Press TV, US President Trump has again ordered that all Iraqi oil revenues controlled by Iraq be deposited into accounts at the Federal Reserve Bank of New York. Executive Order 13303 was originally signed after the US military action against Iraq in 2003 and has been renewed annually since, always citing "national security" as the reason. The White House has not issued a press release on this matter, but Trump sent a formal notification to Congress on May 4 regarding the extension of the order. In the formal notification, Trump stated: "The various obstacles hindering the orderly reconstruction of Iraq, the restoration and maintenance of domestic peace and security, and the development of political, administrative, and economic institutions continue to pose an exceptionally significant threat to US national security and foreign policy. Therefore, this Executive Order must remain in effect beyond May 22, 2026."According to Iranian state television, three foreign oil tankers that attempted to pass through the Strait of Hormuz "without authorization" were forced to turn back after warnings from the Iranian Revolutionary Guard Navy.
