
Oil prices remain in a clear downtrend despite moving higher after renewed tension between the U.S. and Iran over the weekend raised concerns about potential supply disruptions in the Middle East. Although both sides later agreed to pause hostilities and allow commercial shipping through the Strait of Hormuz, investors remain cautious about the durability of the ceasefire, keeping energy markets on edge.
In early trading today, U.S. stock futures moved higher as investors welcomed a pause in hostilities between the U.S. and Iran, although uncertainty over the durability of the agreement kept attention on Middle East oil supplies. S&P 500 and Nasdaq futures gained around 0.6% and 0.7%, while Dow futures also edged higher.
Wall Street enters the final week of June following a rotation out of technology stocks. The S&P 500 and Nasdaq posted weekly losses as major AI-related companies came under pressure, while the Dow outperformed thanks to gains in defensive sectors. Investors are increasingly questioning whether massive spending on AI infrastructure will generate sufficient returns, contributing to the recent shift away from technology stocks.
Gold and silver prices declined on Monday as rising oil prices renewed inflation concerns, reducing demand for non-yielding precious metals. Gold fell below $4,070 per ounce, while silver dropped more than 1.5% to $58.50
In the crypto market, bitcoin has rebounded strongly as it broke back above $60,000 in early trading. Ethereum remains near its yearly low around $1,580.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.