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The post Gold: Central bank demand underpins prices – ING appeared on BitcoinEthereumNews.com. ING strategists Warren Patterson and Ewa Manthey report that Gold has edged lower after an early advance as traders await the June Federal Open Market Committee (FOMC) minutes, but the metal trades in line with evolving US rate expectations and remains supported above $4,000/oz. Ongoing Strait of Hormuz security concerns and persistent official‑sector buying, led by China, underpin the outlook. Fed path and China buying in focus “Gold edged lower in Tuesday’s afternoon trading after an early advance as investors looked ahead to the release of the June Federal Open Market Committee minutes later this week for further clues on the Federal Reserve’s policy path. The metal continues to trade largely in line with shifting US rate expectations. Last week’s weaker-than-expected jobs data reduced expectations of additional tightening and helped gold stabilise back above the $4,000/oz level.” “Meanwhi
Read full articleIndia and Japan's enhanced cooperation may reshape regional power dynamics, potentially escalating tensions with China amid US focus shift. The post India and Japan bolster ties amid US focus shift from Asia appeared first on Crypto Briefing.
The post Forex Today: Markets await FOMC Minutes while tensions in Middle East escalate appeared on BitcoinEthereumNews.com. Here is what you need to know on Wednesday, July 8: The market sentiment sours on Wednesday as investors assess the latest headlines surrounding the Middle East conflict. Later in the American session, the Federal Reserve (Fed) will publish the minutes of the June Federal Open Market Committee (FOMC) meeting. In the meantime, investors will keep a close eye on geopolitics. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.10% -0.12% 0.55% -0.23% -0.07% -0.15% 0.42% EUR -0.10% -0.24% 0.46% -0.35% -0.13% -0.28% 0.27% GBP 0.12% 0.24% 0.59% -0.09% 0.11% -0.04% 0.51% JPY -0.55% -0.46% -0.59% -0.80% -0.50% -0.66% -0.16% CAD 0.23% 0.35% 0.09% 0.80% 0.28% 0.13% 0.62% AUD 0.07% 0.13% -0.11% 0.50% -0.2
The post WTI slips below $72.00 despite renewing supply concerns appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) oil price inches lower after paring daily gains, trading around $71.70 per barrel during the European hours on Wednesday. However, crude oil prices may rise amid renewed Strait of Hormuz tensions following US airstrikes against Iran, which came in response to Iranian attacks on commercial vessels in the crucial Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil tanker. Iran’s foreign ministry has condemned what it calls a “blatant violation” of its agreement with the US. Tehran accused Washington of breaking arrangements in the Strait of Hormuz, while also denouncing ongoing Israeli strikes in Lebanon. Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned that the era of bullying and extortion has ended and insisted that Iran will not fold under pressure. Meanwhile, the country’s top joint military command denounced the attacks on southe
The post Oil: Geopolitical risk lifts prices – ING appeared on BitcoinEthereumNews.com. ING analysts Warren Patterson and Ewa Manthey note that Brent has jumped above $76/bbl as renewed tensions in the Persian Gulf and US strikes on Iran revive supply concerns. The United States (US) has revoked a temporary licence for Iranian oil sales, while tight US inventories and damage to Russian refineries are supporting product cracks and middle‑distillate markets. Brent rallies on renewed Gulf tensions “Oil prices spiked following Iranian attacks on three ships in the Strait of Hormuz, including an LNG carrier and an oil tanker. ICE Brent settled a little more than 3% higher yesterday, and in early trading this morning it’s up another 2.8%, leaving it trading above $76/bbl. The curve structure also strengthened, with the front end returning to backwardation after recently flipping into contango amid the ramp-up of Persian Gulf supply.” “In addition to military strikes, the US revoked a tempora
The escalation risks destabilizing global energy markets and could lead to broader regional conflict, impacting international relations. The post US launches military operation against Iran after Strait of Hormuz attacks appeared first on Crypto Briefing.
China's AI caution may reshape global AI dynamics, influencing market trust and competitive positioning of foreign AI technologies. The post China warns of AI risks in Anthropic’s Claude Code amid tracking concerns appeared first on Crypto Briefing.
The post Chinese Artist WINWIN Parts Ways With SM Entertainment And NCT appeared on BitcoinEthereumNews.com. KUNSHAN, CHINA – OCTOBER 29: Singer Dong Sicheng aka Winwin attends the CIGALONG Jewelry Party on October 29, 2025 in Kunshan, Suzhou, Jiangsu Province of China. (Photo by VCG/VCG via Getty Images) VCG via Getty Images Chinese artist WINWIN has been on an indefinite hiatus from his groups, NCT 127, NCT U, and WayV, since 2021, after he began focusing on his acting career in China. Now that his contract with SM Entertainment is up for renewal, the 28-year-old actor has decided to end his exclusive contract with the company, focusing on his music and acting careers back in his home country. SM Entertainment announced the news on Weverse from Seoul on Wednesday early afternoon (Tuesday evening in the U.S.). They thanked NCT fans for their “continued love and unwavering support.” The company revealed that WINWIN will conclude all activities as an NCT member on July 9. Their statemen
China's AI restrictions may drive up costs globally, impacting crypto and traditional markets, while boosting interest in decentralized AI solutions. The post China’s AI curbs could lead to cascading economic costs across crypto and traditional markets appeared first on Crypto Briefing.
