commodity

U.S. stocks rose while oil prices fell amid concerns over Iran's impact on oil flows. SK Hynix's Wall Street debut saw a 15.9% stock surge, raising $26.5 billion. Delta Air Lines exceeded profit expectations despite higher fuel costs.

Gold prices declined as renewed US airstrikes in Iran threatened an interim peace deal, which could affect inflation and interest rate hikes.

AI stocks declined sharply on Wall Street despite Samsung Electronics' strong Q2 profit forecast, as investors questioned the sustainability of AI sector valuations. The Nasdaq fell 1.2% and the S&P 500 dropped 0.6%, led by heavy losses in AI-related companies like Micron Technology and Nvidia. Rising oil prices and geopolitical tensions in the Strait of Hormuz further pressured markets.

China’s central bank extended its gold-buying streak to 20 consecutive months in June, adding 480,000 troy ounces (14.93 tonnes) to its reserves. Total gold holdings reached 75.44 million troy ounces (2,346 tonnes), reflecting Beijing’s de-dollarisation efforts and diversification of foreign-exchange reserves.

A crucial ingredient in most food products has become significantly more expensive, potentially leading to increased grocery bills for consumers. The commodity is essential for producing nearly everything found in grocery carts or on dinner plates.

An essential commodity used in producing most food items has become significantly more expensive, potentially leading to higher grocery bills for consumers. The ingredient is critical for nearly everything found in grocery carts or on dinner plates.

A crucial commodity used in producing most food items has become significantly more expensive, potentially leading to higher grocery bills for consumers.

Oil prices rose amid U.S.-Iran ceasefire tensions but Wall Street remained stable, with the S&P 500 near record highs and the Dow Jones down slightly. Companies with high fuel costs like United Airlines and Carnival fell, while Nvidia's stock surged due to AI advancements. Investors hope for a resolution to reopen the Strait of Hormuz and ease inflationary pressures.

The Indian rupee fell to a record low against the dollar amid concerns that 50% US tariffs will harm economic growth and corporate earnings. High crude oil prices are exacerbating pressure on the currency and triggering increased foreign outflows.

Sen. Thom Tillis (R-N.C.) criticized President Trump's proposal to impose tolls on ships traversing the Strait of Hormuz, calling it 'crazy.' The plan, which Trump recently discussed, aims to charge vessels carrying oil, natural gas, and other commodities through the strategic waterway.