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26 June 20265 Mins read

PRE-OPEN Futures are lower mirroring losses on Wall Street as broad weakness in technology shares outweighed positive AI-demand signals from Micron and Qualcomm. European and Asian equities fell as well in tandem as technology stocks tracked the broader global retreat in the sector.

Canada

 

The Bank of Canada's consultation on its monetary policy framework review found broad support for its 2% inflation target, but participants complained about the disconnect between official inflation data and actual price of goods, the bank said in a report.

Canadian employees have few legal protections against workplace monitoring, experts said, after TD Bank told some staff it would use software to track their work activity, raising concerns about consent and privacy.

Two weeks after Canadian Prime Minister Mark Carney announced in January he would allow limited electric-vehicle imports from China, that country’s biggest auto exporter, Chery, held its first meetings in Canada with car dealers.


 

Canada and Japan are working on a range of mining projects, including potential joint stockpiling, Canada's trade minister told Reuters, as Japan moves to diversify supplies of critical minerals and reduce dependence on China.


 

While oil and gas are once again flowing through the Strait of Hormuz, the closure of the vital waterway for over 100 days could prove to be a turning point in global energy markets. The Arab oil embargo of 1973, a similarly disruptive supply shock, offers clues about where we might be headed.


 

Asante Gold Corporation (TSXV: ASE | GSE: ASG | OTCQX: ASGOF) provide the following update on its strategic review announced earlier this year.

Campbell Baird, Acting Chief Executive Officer of Asante, stated, "Our focus in the first three months has been to understand this business from the ground up, stabilize what we have, and put the foundations in place for consistent, sustainable performance. Production has been maintained across both operations. The strategic review is delivering real results: capital discipline has been restored, projects have been rationalised, and the Company is beginning to move as one. Our late-July update will give shareholders a complete picture of where we stand, where we are going, and how we intend to get there."

Strategic Review Update

Following the initiation of a comprehensive strategic review in Q1 2026, the Company has moved decisively to stabilize production, reduce costs, and strengthen capital discipline across the business. During the current quarter, production at both operations has remained broadly in line with Q1 2026 levels as management continues to focus on restoring operational consistency and improving financial performance. The executive team has been reinforced with the appointment of Glenn Baldwin as Chief Development Officer in June 2026 (see news release of June 4, 2026), alongside experienced external specialists engaged across project management, technical and financial services. A detailed operational outlook, revised guidance and a financial update is expected to be provided by the end of July.

During the current quarter, the Company completed structured cost management workshops at both Bibiani and Chirano. These workshops represented comprehensive line-by-line cost accountability reviews undertaken with the full executive leadership team across both operations. The reviews identified specific variances across mining, processing, labour, G&A and capital expenditures, with corrective actions already underway. Key initiatives include the approved removal of third-party equipment hire, renegotiation of contractor agreements, the engagement of a dedicated team to review procurement practices, supply chain performance and stores management. In parallel, a formal stage-gate capital governance framework is being implemented across both operations to strengthen capital allocation decisions.

Under Glenn's leadership, a comprehensive review of all planned capital projects has already commenced. As a result, approximately US$50 million of previously planned capital expenditures for 2026 have been deferred or cancelled, materially improving the Company's liquidity position and improving management's forward visibility of cash obligations in the short term. Further reductions to the 2026 and 2027 capital programs are expected to be confirmed in the July update, together with quantified cost reduction targets and timelines, and a site-by-site breakdown of expected savings. While many of these initiatives have already been approved, it will take time for the benefits to be fully reflected in financial results.

Asante's banking syndicate remains supportive and the Company remains in continuous constructive dialogue with them.


 

Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) announces that further to its news releases dated May 11, 2026, and June 1, 2026, it has closed the second and final tranche (the "Second Tranche") of its non-brokered private placement (the "Offering") of units of the Company (the "Units"). An aggregate of 3,213,172 Units was sold under the Second Tranche at a price of C$0.18 per Unit for total gross proceeds of C$578,370.96. Together with the first tranche (the "First Tranche") of the Offering pursuant to which C$678,263.76 was raised through the sale of 3,768,132 Units, the Company has now completed the Offering for total gross proceeds of C$1,256,634.72 through the issuance of 6,981,304 Units.

Each Unit is composed of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one Common Share (a "Warrant Share") at an exercise price of C$0.35 per Warrant Share for a period of 24 months following the date of issuance.


 

Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) (WKN: A41V6H) provide an exploration update for the Company's East Sudbury Project ("ESP"). ESP spans 20,078 hectares and is centered approximately 20 kilometers northeast of the Prolific Sudbury Mining District.

Project Location Map

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/2906/302782_5850a2c4745b0b28_001full.jpg

ESP encompasses four subparallel fault structures which host historical gold and copper mines, and which are interpreted to be related to mineral systems that can form IOCG and affiliated critical and precious mineral deposits. Mineral prospective zones adjacent to these fault structures are labelled: Timmins Creek Fault Zone, McLaren Lake Fault Zone, Mount Aetna Fault Zone and Washigami Lake Fault Zone respectively

ESP Fault Structures MAP

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/2906/302782_5850a2c4745b0b28_002full.jpg

Timmins Creek Fault Zone

On the ESP property's furthest west fault structure, Timmins Creek Fault Zone, are found the historical mine working of the Scadding Gold Mines (North Pit, Underground Portal, East-West Pit and South Pit). The Glade Area 'Exploration' Zones and the Scadding Mine Gold Tailings Impound are located approximately 1 km southwest and south of the historical Scadding Gold Mines.

Other Au-Co-Cu occurrences occur along this interpreted structure (Timmins Creek Fault) including a strong breccia zone and highly anomalous Co-Au mineralization identified by Canuc in 2025 at Spar Lake, 3 km northwest of Scadding.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302782


 

Casa Minerals Inc. (TSXV: CASA) (OTCQB: CASXF) (FSE: 0CM)  announce that is has filed its interim financial report and related management discussion and analysis for the period ended March 31, 2026 (the "Q1 Financials"). Copies of the Q1 Financials are available under the Company's SEDAR+ profile at www.sedarplus.ca.

On May 1, 2026, the Company announced that a management cease trade order (the "MCTO") was granted due to the Company being unable to timely file: (1) the audited annual financial statements for the year ended December 31, 2025, (2) the management discussion and analysis and, (3) the related Chief Executive Officer and Chief Financial Officer certificates (the "2025 Annual Filings"). The 2025 Annual Filings were filed and then on June 12, 2026, the Company announced it did not expect to file its Q1 Financials on time and the MCTO would remain in effect until they were filed. The MCTO does not affect the general publics ability to continue trading in the Company's listed securities

Due to having now completed both the filing of the 2025 Annual Filings and the Q1 Financials, the Company is in compliance with its continuous disclosure obligations and anticipates that the British Columbia Securities Commission will be revoking the MCTO shortly.


 

Deep Sea Minerals Corp. (CSE: SEAS) (OTCQB: DSEAF) (FSE: X450) a seabed mineral exploration and development company focused on advancing critical mineral opportunities from the deep ocean, is issuing this statement in response to a Reuters headline published on June 22, 2026, which stated that no exploration license has been awarded and that the Company’s application remains under regulatory review.

The Company believes the headline, without additional context, has created confusion in the market regarding the status of its application. Deep Sea Minerals confirms that its application has not been rejected, denied, dismissed, or withdrawn. Rather, the application remains active within the applicable regulatory review process.

“Recent media references have led to an incorrect impression that our exploration license application was rejected,” said James Deckelman, Chief Executive Officer of Deep Sea Minerals Corp. “That is not the case. Our application remains active, has passed substantial compliance, and continues to move through the regulatory pathway. We are focused on satisfying the remaining requirements and working toward full compliance and final application approval.”


 

Elevate Service Group Inc. (TSXV: SERV) (FSE: Y19) announce that it has entered into an agreement with Beacon Securities Limited ("Beacon") to act as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together with Beacon, the "Underwriters"), in connection with a "bought deal" private placement of 3,685,000 common shares in the capital of the Company (each, a "Common Share") at a price of $1.90 per Common Share (the "Issue Price") for aggregate gross proceeds to the Company of $7,001,500 (the "Offering").

In addition, the Company has granted the Underwriters an option (the "Underwriters' Option") exercisable, in whole or in part, at any time up to 48 hours prior to the Closing Date (as defined herein) to purchase up to an additional 552,750 Common Shares at the Issue Price for additional gross proceeds of up to $1,050,225.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302928


 

Glenstar Minerals Inc. (CSE: GSTR) (OTCQB: GSTRF) (FSE: VO20) announces that it will be conducting a Terēan survey at its geologically complex Green Monster Project in Clark County, Nevada, in order to gain a more detailed understanding of the intricate and complicated geological structures present on the property.

The Survey will begin on Monday, June 29, 2026 and will consist of four (4) shear-wave velocity structure cross sections collected along 2,400 ft long arrays. This survey is designed to image cover thickness, depth to bedrock, key structural and lithologic features (faults and voids), and will extend from the surface to a 600 ft cross section depth. The final interpretation will be tied to the currently available subsurface data and analysed for inclusion in the final report.

This type of survey is very cost effective and highly successful in mapping faults and structural controls on mineralization, defining depth to competent rock, quantifying overburden, imaging paleochannels & alteration zones, and identifying weathered and fractured zones that could indicate the presence of large faults and their orientation.

Glenstar Geologist Bob Marvin noted that, "The results of the Phase 2 drill program provided us with some solid data regarding mineralization. However, the results also showed that there is a definite complexity to the geologic structure, or structures, underlying the project. The Terēa survey should provide more advanced, detailed information that will help determine what the next phase of drilling and exploration should look like going forward."


 

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) announce the successful completion of its district-scale Quantitative Magnetic Tensor ("QMAGT") airborne geophysical survey over its 100%-owned Magno Critical Minerals Project ("Magno" or the "Project"), located in the prolific Cassiar Mining District of northern British Columbia.

The district-scale airborne program was successfully completed as planned, with approximately 2,320-line kilometres of high-resolution geophysical data collected across GoldHaven's 37,000+ hectare land package, creating one of the largest and most comprehensive modern airborne magnetic datasets ever acquired over the Project.

The dataset will be integrated with geological mapping, historical drilling and recent high-grade surface sampling, including values of up to 2,370 g/t silver, 6,550 ppm tungsten and 334 ppm indium, to prioritize drill targets across multiple mineralized trends. With data acquisition now complete, GoldHaven has transitioned into the interpretation and drill target generation phase of its 2026 exploration program.

Rob Birmingham, President & CEO of GoldHaven, stated, "I've been waiting for this dataset since the day we assembled this land package. For the first time, we can evaluate Magno as one connected mineral system rather than a collection of isolated historical showings. The preliminary data already highlight an extensive structural framework and numerous magnetic features across the property. Several of these features appear spatially associated with known historical mineral occurrences, while additional anomalies have been identified in previously underexplored areas, and we're now integrating those observations with geology and geochemistry to refine drill targets. I believe the work completed over the coming weeks will define our most systematic drill program to date across the Magno district.”


 

Gold Hunter Resources Inc. (CSE: HUNT) (OTCQB: HNTRF) (WKN: A2QPAL) announce the commencement of drilling for its inaugural 2026 drill program, targeting up to 10,000 metres at the Great Northern Project, Newfoundland (the "Program"). Gold Hunter is a Newfoundland-focused gold exploration company exploring this district-scale project, a consolidated 26,237-hectare land package with known gold mineralization, established infrastructure, and a fully funded inaugural drill campaign.

Sean Kingsley, President & CEO of Gold Hunter, commented:

"The commencement of our inaugural drill program is one of the most significant milestones achieved to date at Gold Hunter. Since consolidating this district, we have completed the disciplined, methodical work required to drill from a position of knowledge, reinterpreting decades of historical data and applying a rigorous, data-driven workflow to prioritize our targets. For the first time, this district-scale land package is being explored as a cohesive opportunity. We look forward to providing updates on our progress as drilling continues.” To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302904

 

Nuvau Minerals Inc. (TSXV: NMC) reports encouraging results from its winter drilling campaign at the Thundermine (also called Thunderwood) target area in the Company's 100%-owned Matagami Mining Camp. Drilling successfully intersected both volcanic massive sulphide (VMS)-related alteration and gold-bearing zones associated with favourable host rocks and structures, providing important geological information and confirming key elements of the historical exploration results.

"This single hole confirms both the camp's signature VMS-style mineralization and the potential to define a significant gold-bearing hydrothermal system," said Christina McCarthy, Nuvau's Chief Executive Officer. "It's the first Nuvau hole at Thundermine, and the first at the target in nearly four decades. We are excited that the alteration and veining intersected in our hole appears to be significantly wider than what shallow historical drilling intersected, especially because this hole is approximately 200 metres below where previous explorers stopped. This suggests that we could be tracking a potentially large-scale, untested gold system.”

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302946


 

Petrus Resources Ltd.  (TSX: PRQ) announce that the Toronto Stock Exchange (the "TSX") has accepted Petrus' notice of intention to renew its normal course issuer bid (the "NCIB"). The NCIB allows Petrus to purchase up to 7,424,183 common shares (representing 5% of Petrus' outstanding common shares as of June 19, 2026) over a period of twelve months commencing on June 30, 2026. On June 19, 2026, Petrus had 148,483,679 common shares outstanding. The NCIB will expire no later than June 29, 2027.

Under the NCIB, common shares may be repurchased on the open market through the facilities of the TSX and/or alternative Canadian trading systems and in accordance with the rules of the TSX governing normal course issuer bids. The total number of common shares Petrus is permitted to purchase through the facilities of the TSX is subject to a daily purchase limit of 25,256 common shares, representing 25% of the average daily trading volume of 101,026 common shares on the TSX calculated for the six-month period ended May 31, 2026. However, Petrus may make one block purchase per calendar week which exceeds such daily repurchase restrictions. Any common shares that are purchased under the NCIB will be cancelled.


 

Sego Resources Inc. (TSXV: SGZ) announce the results of the Annual General Meeting held June 22, 2026.

Mr. Felix Grabher, appointed March 31, 2026, has been elected to the board of directors at the Company's AGM. He is the Managing Director of Grabher GmbH & Co KG, formerly known as FruchtExpress Grabher of Frastanz, Austria. Grabher GmbH is a major food wholesale distributor serving the Austrian hospitality and foodservice sector.

Through Grabher GmbH & Co KG, Mr. Grabher has become a significant shareholder of Sego Resources Inc. commencing in 2020. He brings to the Board a long-term owner's perspective, strong commercial judgement, and practical experience in capital allocation and risk management together with significant contacts within the German speaking investment community.

Mr. Douglas Cater B.Sc., P.Geo., ICD.D is a new director elected at the Company's AGM. Mr. Cater is a consulting geologist and director of several junior explorers.

Douglas Cater is a professional geologist who has worked extensively across Canada and internationally for more than 35 years, with a particular focus on the Kirkland Lake / Timmins gold camps. He has held positions with both senior and intermediate gold producers, including Barrick, Placer Dome and Kinross.

Mr. David Speck has stood down from the board of directors to lead and re-vitalize the Company's Advisory Board.

All of the items voted on at the AGM passed with over 99% support from shareholders. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302799


 

Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) announce that it has engaged Tetra Tech⁠ Canada Inc. (Tetra Tech) to conduct an independent review of the existing Preliminary Economic Assessment (PEA) for the Kenbridge Nickel-Copper-Cobalt Project and deliver a structured Goal-Actual-Plan Analysis (GAP) identifying the technical, commercial, and compliance work required to advance the Kenbridge Project to the Pre-Feasibility Study (PFS) level.

The review will be based on the information contained within the "Preliminary Economic Assessment of the Kenbridge Nickel Project - NI 43-101 & 43-101F1 technical Report, dated August 26, 2022", along with all relevant information on the Kenbridge Project to date.

Tetra Tech is a globally recognized engineering and consulting firm with extensive experience in mining, critical minerals, feasibility studies, mine engineering, environmental services, and project development. The firm provides mining consulting services ranging from conceptual evaluations through feasibility studies and detailed engineering.

Mark Appleby, President and CEO of Tartisan Nickel Corp., commented:

"Engaging Tetra Tech represents a significant milestone in the advancement of the Kenbridge Nickel-Copper-Cobalt Project. The Gap Analysis will provide a clear roadmap of the technical, engineering, environmental, and permitting work required to move Kenbridge toward a Pre-Feasibility Study. As demand for critical minerals continues to grow, Tartisan remains committed to unlocking the value of this high-grade nickel sulphide deposit located in the heart of Northwestern Ontario."

Appleby goes on to state: "We believe that completion of the PFS Gap Analysis will assist in optimizing resource expansion, engineering, metallurgical testing, environmental baseline studies, and project permitting as Kenbridge advances toward development”.


 

Thesis Gold & Silver Inc.(TSXV: TAU) (OTCQX: THSGF) (WKN: A422AH) announce that it has received confirmation from the Government of Canada that the Impact Assessment ("IA") process for its 100% owned Lawyers-Ranch gold-silver project (the "Project") will be substituted to the Province of British Columbia ("BC"). As a result, BC's Environmental Assessment Office ("EAO") will conduct the IA for Lawyers-Ranch under the Environmental Assessment Act, SBC 2018, C.51 on behalf of the Impact Assessment Agency of Canada ("IAAC").

Dr. Ewan Webster, Thesis' President & CEO, and Director, commented "This is a significant milestone for the Lawyers-Ranch Project and an important step toward a more efficient and coordinated permitting pathway. The substituted process provides greater certainty and clarity as we advance the Project, while maintaining the high environmental, social, and consultation standards expected by all parties. We believe Lawyers-Ranch has the potential to become an important source of precious metals for Canada, generating meaningful benefits for First Nations, local communities, British Columbia, and the country as a whole. We look forward to continuing to work collaboratively with governments, regulators, and Indigenous Nations as we advance toward an environmental assessment decision.”


 

Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF)(FRA: Z1K) announce that the planned airborne radiometric survey has commenced at the Aurora Uranium Project ("Aurora" or the "Project"), located in Saskatchewan's Athabasca Basin region. Traction holds an option to acquire an 80% interest in Aurora from Cosa Resources Corp. ("Cosa"), subject to satisfying certain earn-in requirements (please see news release dated February 11, 2026). The Aurora Project covers approximately 17 kilometers of prospective strike along the southeastern margin of the Athabasca Basin.

The airborne radiometric survey is being completed to evaluate radiometric responses across the Project and to support the prioritization of target areas for future exploration. The survey is expected to provide important dataset for refining exploration planning at Aurora, including the identification of areas for future ground follow-up, target validation, and potential drill-target refinement.

"Getting a survey aircraft over Aurora is a real step forward," stated Jared Suchan, Chief Executive Officer of Traction. "The Athabasca Basin is one of the most productive uranium districts in the world, and this program gives us our first project-wide read on where the radiometric signal is strongest across our 17 kilometers of strike. That is exactly the kind of data we need to determine where to concentrate next."

The Company expects the survey data to be processed and interpreted following completion of flight operations. Results will be integrated with existing geological and geophysical information to support future exploration planning at the Project.


 

Tudor Gold Corp.(TSXV: TUD) (Frankfurt: H56) reports that it has launched an AI-assisted mineral prospectivity assessment (the "Assessment") as part of its 2026 Exploration Program at the gold-copper-silver Treaty Creek Project located in the Golden Triangle, British Columbia. The 2026 Exploration Program is underway with two diamond drills turning and results will be reported as they are received.

The Assessment will be conducted by ZEMÎ Technologies using a proprietary mineral prospectivity mapping workflow that integrates exploration datasets and geological understanding with machine learning to highlight areas most likely to host mineralization for the purposes of exploration area refinement and drill targeting. Tudor plans to use the results of the Assessment to prioritize drill targets for later in the 2026 Exploration Program and in the 2027 Exploration Program at Treaty Creek.

The Treaty Creek Project claims cover approximately nine kilometers of the Treaty Creek Thrust Fault system, which hosts a prolific porphyry belt including the Goldstorm Deposit and the Perfectstorm, Eureka and CBS zones at Treaty Creek and the five mineral deposits that comprise Seabridge Gold's KSM Project.


 

VVT Med Inc. (TSXV: VVTM) a developer of minimally invasive, non-thermal, non-tumescent solutions for venous disease, today announced the signing of an exclusive distribution agreement dated June 25, 2026 for the commercialization of the Company's VVT's ScleroSafe(R) platform in Greece (the "Distribution Agreement") with General Chemical Products S.A. ("GCP"), an established Greek medical technology company with more than four decades of experience supporting hospitals and healthcare professionals through the commercialization of innovative medical devices and clinical solutions.

The Distribution Agreement grants GCP exclusive distribution rights for VVT's ScleroSafe(R) platform in Greece for an initial five-year term. The Distribution Agreement may be terminated prior to the expiry of the initial term under customary circumstances, including for an uncured material breach, insolvency or bankruptcy of either party, failure by the distributor to satisfy certain minimum sales requirements, or where otherwise permitted under the agreement.  

Erez Tetro, Chief Executive Officer of VVT Med, commented: "We are pleased to enter the Greek market through our partnership with GCP. GCP's long-standing reputation and commercial infrastructure make them an excellent partner for the introduction of ScleroSafe(R) in Greece. This agreement expands our European distribution network and supports our strategy of increasing international access to ScleroSafe(R). We look forward to working with GCP to introduce the technology to physicians and patients throughout Greece."  For more information, please visit www.vvtmed.com.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

World Markets

 

 

Euro STOXX 50 futures were down 53 points at 6,243, FTSE futures lost 83.5 points to 10,496, German DAX futures dropped 228 points at 24,939, by 0430 GMT.

Asian shares pulled back after a stellar quarter, as Apple's hefty price hikes revealed the downside of booming chip demand, while the threat of Japanese intervention kept the yen from hitting 40-year lows.

Crude prices sank and were headed for steep weekly losses amid easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday.

 

Gold prices rose as recent U.S. inflation data weighed on the dollar and led markets to slightly scale back expectations for rate hikes. The dollar was marginally weaker against other major currencies as fresh economic data and comments from Federal Reserve officials prompted investors to pare rate-hike bets, helping the yen, still trading near levels seen as vulnerable to intervention, find firmer footing.
 

S&P 500 Index Mini Futures: 7,371.50; down 0.7%; 51.75 points
DJIA Mini Futures: 52,244.00; down 0.18%; 95 points
Nikkei: 69,235.64; down 4.33%; 3130.7 points
MSCI Asia, Ex-JP: 870.64; down 3.57%; 32.24 points
EUR/USD: $1.1372; up 0.02%; 0.0002 point
GBP/USD: $1.3198; up 0.04%; 0.0006 point
USD/JPY: 161.61 yen; down 0.11%; 0.18 point
Spot Gold: $4,006.02; down 0.50%; $19.98
U.S. Crude: $70.50; down 1.97%; $1.42
Brent Crude: $73.83; down 1.90%; $1.43
10-Yr U.S. Treasury Yield: 4.3725%; down -0.020 point
10-Yr Bund Yield: 2.8634%; up 0.004 point

 
 
 
Screenshot 2026-06-26 170721.png


 

Screenshot 2026-06-26 170727.png


 

 

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Technology shares were weaker across global markets as investors questioned the staying power of the AI-driven rally after recent gains. Nasdaq futures led declines on Wall Street, with chip stocks coming under fresh pressure after the previous session’s sharp rally and several megacap technology names also losing ground. European shares fell in tandem as technology stocks tracked the broader global retreat in the sector.

Boeing Co: The Federal Aviation Administration on Thursday proposed changes to modernize and speed certification of new commercial airplanes and harmonize regulations with Europe. The proposal could be a boost to manufacturers like Boeing, Airbus, Embraer, and Bombardier. Last week, the FAA and EASA said they were making significant progress toward approving two new variants of the Boeing 737 MAX for use. Boeing had hoped to get the 737 MAX 7 certified in 2022 but has faced a series of issues.

Columbus Circle Capital Corp: Cargo drone startup Elroy Air is in advanced talks to go public through a merger with blank-check vehicle Columbus Circle Capital Corp. II, Bloomberg News reported, citing people familiar with the matter. The deal values Elroy Air at about $800 million on a pre-money basis and includes a private investment in public equity of $165 million, the report said. Inflection Point, a veteran special purpose acquisition company, is anchoring the PIPE, Bloomberg said.

ON Semiconductor Corp & Synaptics Inc: ON Semiconductor Corp said on Thursday it had agreed to acquire Synaptics in an all-stock deal valued at about $7 billion, its largest acquisition to date, as the chipmaker seeks to expand its presence in AI-enabled devices and so-called physical AI. Under the terms of the agreement, Synaptics shareholders will receive 1.350 shares of Onsemi common stock for each Synaptics share. The exchange ratio represents a 19% premium based on the 10-day volume-weighted average closing prices of the two companies' stocks. Onsemi expects the deal to help increase the size of the markets it can target by $30 billion, to $243 billion by 2030.

Space Exploration Technologies Corp: SpaceX has told investors it plans to launch a Starlink mobile service for U.S. consumers, the Financial Times reported, in a move that could allow the Elon Musk-led company to compete directly with Verizon, AT&T, and T-Mobile. SpaceX is now considering launching a Starlink retail product and could build its own terrestrial U.S. mobile network, President Gwynne Shotwell told investors during a recent IPO roadshow, according to the FT report, which cited sources. SpaceX will disrupt the $1.6 trillion U.S. communications industry as its satellite broadband unit Starlink expands, brokerage firm Oppenheimer said in a note earlier this month.

ECONOMIC DATA
0830 Advanced goods trade balance for May: Expected -$85.00 bln; Prior -$83.01 bln
0830 Wholesale inventories advance for May: Prior 0.6%
0830 Retail inventories ex-auto advance for May: Prior 0.6%
1000 U Mich Sentiment Final for June: Expected 50.0; Prior 48.9
1000 U Mich Conditions Final for June: Prior 48.4
1000 U Mich Expectations Final for June: Prior 49.3
1000 U Mich 1-year inflation Final for June: Prior 4.6%
1000 U Mich 5-year inflation Final for June: Prior 3.4%

Europe / Asia

 

 

The U.N. International Maritime Organization paused its operation to escort ships through the Strait of Hormuz on Thursday after a vessel reported an attack, reigniting concerns about whether a preliminary deal to end the Iran war will hold.

Hundreds of people in Venezuela were trapped under rubble and many more remained unaccounted for on Thursday after two powerful earthquakes devastated areas in and around the capital Caracas, killing hundreds, damaging buildings and leaving thousands homeless.

Saudi Aramco resumed oil loading at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data from LSEG showed, in a sign that Middle Eastern producers are pushing forward with plans to boost exports despite a ship attack in the Strait of Hormuz.

The U.S. Supreme Court reined in thousands of lawsuits pursued in state courts accusing Bayer of failing to warn users that the active ingredient in its Roundup weedkiller causes cancer, handing a major legal victory on Thursday to the German company.

French oil major TotalEnergies must disclose the climate risks linked to emissions from its oil and gas products and set out plans to mitigate them, a Paris court ruled on Thursday.

German drugmaker Merck said on Thursday it would buy U.S. firm Bio-Techne for $11.3 billion, its biggest deal in more than a decade, betting on demand for complex drug research and manufacturing tools to grow its life sciences unit.

ECONOMIC DATA (GMT)
1000 France Unemployment Class-A SA for May: Prior 3,100.1k

Source (but not limited to) AP, CNBC, Dow Jones, Financial Post, Financial Times, Globe & Mail, KITCO, LSEG, Thomson Reuters, Refinitiv.

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Arizona Gold & Silver
Astra Exploration
Aurion Resources
Bluenergies
Bactech
Digipower X
Gold Hunter Resources
Golkor
Guanajuato
Harfang
He Capital
Kodiak Copper
Leviathan
Loyalist
Mining Investment Event
Noble Plains
Pan Global
Phenom Resources
Power Metallic
SilverWolf
Spacekor
US Gold
USDC
Vivio Power
West Red Lake
Arras Minerals
Afrikor
Arizona Gold & Silver
Astra Exploration
Aurion Resources
Bluenergies
Bactech
Digipower X
Gold Hunter Resources
Golkor
Guanajuato
Harfang
He Capital
Kodiak Copper
Leviathan
Loyalist
Mining Investment Event
Noble Plains
Pan Global
Phenom Resources
Power Metallic
SilverWolf
Spacekor
US Gold
USDC
Vivio Power
West Red Lake

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