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Global oil prices moved sharply higher on Tuesday after new U.S. military strikes in Iran increased uncertainty over whether a near-term agreement can be reached to end the conflict and restore shipping activity through the Strait of Hormuz. U.S. Secretary of State Marco Rubio said on Tuesday that securing a deal with Iran could “take…

Gold prices moved lower on Tuesday after fresh military action by the United States against Iran reduced optimism surrounding a potential agreement that could reopen the Strait of Hormuz and ease fears of rising energy-driven inflation. Spot gold declined 0.9% to $4,529.38 an ounce by 06:13 ET (10:13 GMT), while gold futures edged slightly higher…

Goldman Sachs has reaffirmed its positive stance on gold, keeping its year-end forecast of $5,400 per troy ounce after increasing its estimates for central bank demand and predicting that official-sector purchases will continue accelerating throughout the remainder of 2026. The investment bank revised its internal tracking model for central bank gold demand after concluding that…

Evercore ISI strategist Julian Emanuel has established a year-end 2026 base-case target of 7,750 for the S&P 500, while also assigning a 30% probability to a bullish scenario in which the index climbs to 9,000, fueled by artificial intelligence-driven strength in technology, communication services and consumer discretionary sectors. In a client note released Monday, Emanuel…

Rising Tension Between Bonds and Equities Wolfe Research economist Stephanie Roth has adopted a more cautious stance toward risk assets, arguing that the growing disconnect between climbing bond yields and resilient equity markets may become increasingly difficult to maintain. In a client note published over the weekend, Roth said Wolfe Research has also revised its…

Strong earnings growth continues to support global equities Global equity markets are continuing to trade near record highs even as the Strait of Hormuz remains closed and concerns about slowing growth alongside persistent inflation intensify, according to Goldman Sachs. In a note led by strategist Peter Oppenheimer, Goldman said the main force supporting equities is…

RBC Capital Markets has established a 12-month target of 7,900 for the S&P 500, implying potential upside of about 7.7% from levels seen in early May, while warning that shorter-term market setbacks remain possible despite its generally positive outlook. Lori Calvasina, head of U.S. equity strategy at RBC Capital, said the bank does not expect…

Agentic CPUs Expected to Drive Explosive Industry Growth Citigroup expects the global server CPU market to grow to roughly $132 billion by 2030, compared with an estimated $29.3 billion in 2025, with much of the expansion expected to come from emerging agentic CPU demand. According to the brokerage, traditional general-purpose CPUs are projected to expand…