Gold steadies as uncertainty surrounds progress in US-Iran talks

The war’s protracted disruption to energy flows via the Strait of Hormuz has driven oil prices higher

Bitcoin fell for the fifth straight day on Thursday (Jun 4), tumbling as low as US$61,322 before recouping some losses.

Bitcoin has longest losing streak since August in bruising week

The cryptocurrency has lost about half its value since hitting an all-time high above US$126,000 last October

Oil has erased last week’s drop as the clashes sapped optimism over a deal to extend the current ceasefire, and potentially see flows resume through the strait.

Oil falls as Israel and Lebanon agree to conditional ceasefire

The oil market’s main focus remains the key waterway, through which one-fifth of global crude normally passes

Malaysian exports fell 6.2% in May from a month earlier to 1.22 million tonnes, according to a Bloomberg survey.

Malaysian palm oil exports to face pressure from Indonesia’s commodity export overhaul

Indonesian palm oil is currently more attractively priced than Malaysian supplies

Bullion fell as much as 0.6% to near US$4,460 an ounce, before paring losses

Gold rises on softer US dollar, oil as markets weigh US-Iran peace optimism

Easing of the US dollar made greenback-priced bullion more affordable for holders of other currencies

Bullion has moved largely in an inverse relationship with oil since the conflict began in late February.

Gold rises as dip-buyers return after Israel-Lebanon ceasefire

The protracted disruption to energy flows via Hormuz has driven oil prices higher and raised concerns around global inflation

The new approach shows Beijing’s willingness to take a central role against global protectionism and the tussle for natural resources.

China taps new state investment firm to help coordinate its global metals and mining deals

Guangyan will be able to co-invest in overseas projects alongside Chinese firms

Global oil inventories could hit critical levels ahead of the peak summer demand period if stock draws continue at their current pace.

Oil prices rise to one-week high as Iran reviews US proposal to halt war

Iran has effectively halted most non-Iranian shipping in and out of the Gulf since the war began

It could take six to eight months in the best-case scenario to reopen the Strait of Hormuz if an agreement was reached today, says an IEA official.

IEA sees possibility of critically low oil stockpiles ahead of peak summer demand

Around half of the initial 400-million-barrel coordinated release from March is yet to hit the market