Why the price of gold is trending down amid war-driven inflation
Gold prices have come under pressure as the war involving the United States, Israel and Iran has pushed up inflation and kept interest-rate expectations elevated. The metal fell from a high of $5,303 per troy ounce on 28 January to $4,235 on Friday, according to the supplied report. The decline comes despite gold's usual role as a safe-haven asset during periods of geopolitical stress.The report says the conflict has disrupted traffic through the Strait of Hormuz, a key route for oil and gas shipments, since the start of the war. That has helped drive energy prices higher, feeding into inflation... [Continue Reading]
360LiveNews | 14 Jun 2026 02:30 LONDON
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Elon Musk becomes world's first trillionaire as SpaceX soars in Nasdaq debut
Elon Musk has become the world's first trillionaire after shares in his SpaceX rocket company surged on their stock market debut in New York. The company listed on the Nasdaq exchange on Friday in what was described as the biggest-ever stock market debut, briefly lifting Musk's paper wealth above $1tn. SpaceX closed the day with a valuation of $2.2tn, after trading opened above the offer price and climbed further during the session.The company said shares would be offered at $135 each, but trading opened at $150 and briefly reached $176.50 before ending the day at $160.95. The initial public offering... [Continue Reading]
360LiveNews | 12 Jun 2026 23:04 LONDON
UAE to unlock frozen Iranian funds amid US ceasefire push
The United Arab Emirates has agreed to unlock billions of dollars linked to Iran, according to people familiar with the arrangement, in a move tied to efforts to reduce tensions and support wider ceasefire talks involving Tehran and Washington. The reported step comes after weeks of Iranian attacks on the Gulf state and as negotiations over the broader conflict enter what diplomats describe as a final stage. The funds are said to be connected to long-frozen Iranian oil revenues held in foreign banks under US sanctions.Two regional sources said the UAE had agreed to release a total of $10bn, with... [Continue Reading]
360LiveNews | 12 Jun 2026 22:30 LONDON
Wall Street closes higher as chips surge, small caps rally and oil slides sharply
Executive summary: U.S. stocks finished higher, led by a powerful rebound in AI and chip shares, while small caps, banks and defense stocks also advanced. The session was marked by a sharp drop in WTI crude, a pullback in gold, and a strong move in palladium, suggesting a broad rotation across risk assets and commodities. The biggest single equity move in the data was SOXX, which jumped more than 10%, while Microsoft, Apple, Meta and Amazon all fell. The S&P 500, Nasdaq Composite and Dow Jones each ended in the green, with the Russell 2000 outperforming the large-cap benchmarks. [Continue Reading]
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Europe closes mixed as oil slumps, autos and equities rally, gold retreats
Executive summary: European markets ended the session with a split picture, as the FTSE 100, Euro Stoxx 50 and CAC 40 advanced while the DAX slipped. The sharpest cross-asset move was in Brent crude, which fell more than 7%, a drop that helped support travel and broader risk sentiment. Autos also outperformed, while gold and platinum weakened and the euro and pound firmed against the dollar. [Continue Reading]
Trump rejects reported Iran ceasefire terms amid attack on Indian-linked ships near Strait of Hormuz
US President Donald Trump has publicly rejected reported ceasefire terms linked to Iran, saying leaked details "bear no relation to the truth" and were not what had been agreed in writing. In the same remarks, he condemned what he described as a drone attack on Indian-linked commercial vessels near the Strait of Hormuz. The comments add to a fast-moving dispute that now combines diplomacy, maritime security and the safety of Indian seafarers.Trump said on social media that the terms Iran had leaked to the media were false and "totally" different from the agreement he said had been reached. He also... [Continue Reading]
360LiveNews | 12 Jun 2026 16:00 LONDON
Europe Opens Mixed as Brent Slides, Palladium Surges and German Stocks Lead the Risk-Off Tone
Executive summary: European markets opened with a cautious tone, as the DAX fell sharply, the FTSE 100 slipped, and the Euro Stoxx 50 was little changed. The biggest moves came in commodities, where Brent crude dropped nearly 6% and palladium jumped more than 8%, while gold, silver and natural gas also weakened. FX was steadier, with sterling and the euro firmer against the dollar. The pattern points to a market still reacting to shifting geopolitical and policy expectations, with energy, metals and autos among the clearest pressure points. [Continue Reading]
OpenAI says China-based actors used ChatGPT in influence operation targeting US AI data centres
OpenAI has said it banned a cluster of accounts it believes were likely based in China after finding they used ChatGPT in a covert influence operation aimed at stoking opposition to AI data centres in the United States. The company said the activity was designed to exploit existing public concerns about electricity prices and to manipulate debate about American AI. It also said a separate cluster of accounts produced material about US tariffs and competition with China.In a research report released on Wednesday, OpenAI said the accounts generated social media comments and images blaming data centres for rising electricity bills... [Continue Reading]
360LiveNews | 11 Jun 2026 05:30 LONDON
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Fear the Shia, Arm the Sunnis: The Uncomfortable Numbers Behind America’s War Narrative
“When fear is managed carefully enough, a nation can be taught to look away from the blood on the floor and stare instead at the shadow on the wall.” A friend of mine, whose name I will not reveal because he asked me not to, sat across from me over dinner and placed a question on the table that would not leave me alone. He was born into a Muslim Shia background, and for the angle of this article, that detail matters, not because I wish to reduce a man to a sect, but because sect has become one of... [Continue Reading]
360LiveNews-Opinion | 23 May 2026 08:00 LONDON
The Glass Elevator to Nowhere: A World Trapped in a Chocolate Factory
As a journalist in my mid-fifties, I thought my skin had thickened to the point of being impenetrable. I have covered the rise and fall of regimes, the grinding gears of the Cold War's leftovers, and the digital revolutions that promised to unite us. I thought I had seen every trick in the political playbook. Then came Donald Trump’s 2026 foreign policy, and I realized I was not watching a statesman; I was watching a child play with a chemistry set he does not understand. The Willy Wonka of the West: Rule by Whim Walking into a press briefing lately... [Continue Reading]
360LiveNews-Opinion | 02 Apr 2026 09:44 LONDON
