Gold Selloff Seen As "Stop-Loss Liquidation Positioning Reset", Not Fundamentally Driven

Agricultural Commodity Prices Break Out As JPMorgan's Food Crisis Warning Gets Louder JPMorgan analyst Nora Szentivanyi's warning last week that the next global food crisis could begin as early as next year has been a major wake-up call for some, adding to the growing voices on institutional desks warning that food inflation is poised to re-accelerate.  Remaining extra watchful about agricultural prices, Bloomberg reported earlier that US corn futures moved higher after preliminary results from the Pro Farmer Crop Tour indicated weaker-than-expected yields in parts of critical growing belts across the Midwest. Corn yield estimates...

'Mediator' Pakistan Hosted Iranian Military Aircraft To Insulate Them From US Attacks, Graham Fumes At Islamabad Summary CBS reports Pakistan sheltered Iranian military planes, Sen. Graham outraged, calls for 'reevaluation'. US President blasts 'piece of garbage' Iran response, says ceasefire on 'life support', reportedly mulls renewed military action; US Treasury imposes yet more sanctions. Trump mulls restarting Project Freedom in Hormuz and says forcibly retrieving 'nuclear dust' is still on the table, oil jumps on headline. Iran Foreign Ministry: "Everything we proposed in the text was reasonable and generous." However, US officials insist on their "unreasonable demands." Saudi Arabia...

The US fired a Tomahawk missile in the Philippines from its new Typhon launcher for the first time during Washington and Manila’s annual Balikatan Exercise, a major provocation aimed at China. The Typhon, also known as the Strategic Mid-Range Fire System, was developed by the US after it withdrew from the Intermediate-Range Nuclear Forces (INF) […]