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Gold prices drop sharply on strong US jobs data and rising yields despite Middle East tensions.

Market News
05 Jun 2026
Kitco
View Source
Bearish
pluang ai news

Gold prices experienced significant volatility last week, initially rising on Middle East tensions but falling sharply after strong US employment data and rising Treasury yields reignited fears of Fed rate hikes. The metal briefly peaked at $4,545.55 per ounce before dropping to a weekly low of $4,311.93. Market sentiment turned bearish as investors weighed geopolitical risks against robust economic indicators, with many analysts expecting further declines unless geopolitical tensions ease or central banks intervene. Upcoming inflation data and central bank decisions will be closely watched for clues on gold's direction.

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Cate & Chloe offers 18k gold-plated crystal earrings at $16.99 in Walmart's Summer Deals Event.

Cate & Chloe offers 18k gold-plated crystal earrings at $16.99 in Walmart's Summer Deals Event.

Cate & Chloe is participating in Walmart's Summer Deals Event from June 22 to June 28, offering its Eden 18k White Gold Plated Crystal Stud Earrings at a discounted price of $16.99, down from $77. This sale highlights the brand's focus on affordable ...

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Global protein ingredients market to hit $121.53B by 2031, driven by demand for functional and high-protein foods.

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The global protein ingredients market is projected to grow from $83.14 billion in 2026 to $121.53 billion by 2031, at a CAGR of 7.9%. Growth is fueled by rising consumer demand for functional and high-protein foods, increased awareness of protein's h...

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UBS Group AG surpasses 5% ownership in Bang & Olufsen shares as of June 23, 2026

UBS Group AG surpasses 5% ownership in Bang & Olufsen shares as of June 23, 2026

UBS Group AG has increased its stake in Bang & Olufsen A/S to 5.07% of the total share capital and voting rights as of June 23, 2026, holding 7,473,135 shares. This change follows a previous holding below 5% on June 22, 2026, marking UBS as a major s...

Market News
Neutral
1 hour ago
Life Sciences Virtual Investor Forum presentations now available on-demand for 90 days

Life Sciences Virtual Investor Forum presentations now available on-demand for 90 days

Virtual Investor Conferences announced that presentations from the June 24-25 Life Sciences Virtual Investor Forum are now accessible on-demand for 90 days. This event featured multiple life sciences companies presenting to investors, with opportunit...

Others
Neutral
2 hours ago
Vaxart urges shareholders to vote for all six director nominees to secure biotech growth and funding.

Vaxart urges shareholders to vote for all six director nominees to secure biotech growth and funding.

Vaxart, a clinical-stage biotech company, has published a presentation urging shareholders to vote for all six of its director nominees at the upcoming Annual Meeting. The company highlights its progress in developing oral vaccines for COVID-19, noro...

Company Fundamentals
Bullish
3 hours ago
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