IAUM - Dollar Becalmed, Gold Softer, Oil Firmer
2025-06-17 06:57:00 ET
Overview
The latest phase of the Israel-Iran conflict continues and the impact on the markets remains minimal. Oil prices are elevated, but private insurance seems to be slowing traffic in the Straits of Hormuz more than the direct results of a blockade that Tehran appeared to have threatened. After rejecting the G7 draft statement that urged restraint on both sides of the conflict, President Trump left the G7 meeting early and returned to Washington. On the sidelines of the meeting, the US and UK signed a trade deal, though key details, like when the UK will not be subject to the steel tariff, were not announced. Separately, despite talks with Japan's Prime Minister Ishiba, no trade break through was announced. The dollar is narrowly mixed in quiet turnover against the G10 currencies, and is mostly firmer against emerging market currencies....
Dollar Becalmed, Gold Softer, Oil Firmer