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Gold drops over 2 percent to two-month low on June 10

Jun 10, 2026

Spot gold fell 2.1 percent to 4,172.44 dollars per ounce as renewed hostilities between the U.S. and Iran dimmed peace hopes and stoked inflation concerns. Investors are monitoring upcoming CPI data to gauge the Federal Reserve's interest rate path as higher rates weigh on the non-yielding metal.

Spot gold fell 2.1 percent to 4,172.44 dollars per ounce as renewed hostilities between the U.S. and Iran dimmed peace hopes and stoked inflation concerns. Investors are monitoring upcoming CPI data to gauge the Federal Reserve's interest rate path as higher rates weigh on the non-yielding metal.
Morgan Stanley predicts AI-related global debt issuance will more than double to 570 billion dollars in 2026 as tech hyperscalers seek alternative funding for capital expenditures. Total spending from major tech firms is expected to surpass 1 trillion dollars by 2027.

Global AI Debt Issuance Set to Top 500 Billion Dollars

Global oil prices remained stable on Wednesday as renewed military strikes between the United States and Iran reintroduced a geopolitical risk premium. While ongoing tensions in the Middle East support prices, lower Chinese imports and persistent shipping blockades through the Strait of Hormuz continue to limit significant market gains.

Oil Prices Steady Amid US and Iran Hostilities

The Ukrainian state energy firm has reached a preliminary deal to extend two Eurobond tranches worth 1.38 billion dollars to 2032 and 2033. This restructuring aims to provide financial flexibility as the company manages infrastructure repairs following hundreds of Russian strikes on its assets.

Naftogaz Reaches Preliminary 1.4 Billion Eurobond Deal
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