Market News - Gold, Oil & Forex

We have some key data releases in the week ahead, but the focus will be on the Bank of Canada’s decision on interest rates on Wednesday where we expect a fifth consecutive hold. The surge in oil prices has sent inflation back above the central bank’s 2% target. But, there is nothing the BoC can […] The post Bank of Canada to Hold Interest Rates as Prices Rise But Economy Wobbles appeared first on ActionForex.

The jobs report was just the latest market-moving event this week, alongside another mega-cap earnings report, new tariffs and continued developments in the Iran conflict.

(RTTNews) - Crude oil prices have slumped on Friday, extending the losses from yesterday's session as confidence on reopening of the Strait of Hormuz in the coming days persists following announcements of an Israel-Lebanon ceasefire and progress in U.S.-Iran talks.

(RTTNews) - Reversing gains from yesterday's session, gold prices have plummeted on Friday as economists assessed today's strong non-farm payrolls data, which supported the potential for an interest rate hike by the U.S. Federal Reserve.

The US Strategic Petroleum Reserve has taken a beating during the Iran war, but Energy Secretary Chris Wright says the government's emergency oil stash is headed for a surprisingly lucrative refill. Companies that borrowed crude from the SPR during the conflict will return those barrels with premiums attached, leaving the reserve about 40 million barrels larger than it would have been otherwise once the war ends, Wright said Friday. For an oil market accustomed to hearing about SPR drawdowns,...

The Bank of England may know where inflation is headed, but it has a much harder time knowing where oil-and interest rates-are headed. That was the message from Bank of England policymaker Swati Dhingra on Friday, as the ongoing Middle East energy crisis continues to complicate the outlook for interest rates. "If you ask me what's my interest rate decision next month going to look like or in the future, I think that's very hard to say, because the big elephant in the room here is what happens...

Earlier today, in our forensic analysis of the SpaceX IPO, we said that according to BNP estimates, the company's inclusion into the S&P 500 some 6 months after the offering would unlock $13.4 billion worth of inflows. It turns out that that is not going to happen 6 months after the IPO. In fact, the earliest it may happen is 12 months after Friday's break for trading... and realistically well after that. That's because after the close today, S&P Dow Jones Indices said it would keep its...

India is launching on Friday a new fuel blend with an 85% ethanol component as part of the fuel flex mobility program of the world's third-largest crude importer to reduce dependence on imported oil. The E85 fuel was officially launched at a ceremony in New Delhi in the presence of India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri. On Thursday, Puri launched India's first flex-fuel passenger vehicle by Maruti Suzuki in New Delhi. Flex-fuel vehicles can operate on a range of...

Fresh strikes on Kuwait and Oman undermine hopes of a U.S.-Iran de-escalation, keeping oil markets on edge and traders skeptical of diplomatic progress. Friday, June 05, 2026 This week’s strikes on Kuwait and the Friday morning attack on Oman have dented hopes for a de-escalation between US and Iran following the much-publicized Israel-Lebanon ceasefire. Whilst Oman’s main port is reportedly up and running again, capping ICE Brent around the $95 per barrel mark, most global crude benchmarks...

Nonfarm Payrolls Increased More Than Expected