🚨🚨 Gold prices extend losses to -5% on the day and silver falls over -10% as rate cuts are priced out due to rising inflation and soaring energy prices.

Gold is now down nearly -$1,000/oz from its record high.

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🇪🇬 Egypt orders shops and restaurants to close by 9:00 PM due to the energy crisis caused by US-Israeli war with Iran.

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🇦🇪 UAE says its $1.4 trillion investment framework with the United States will remain on track despite the war.

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🇺🇸 "Massive investment in AI contributed basically zero to US economic growth last year," per Goldman Sachs.

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BREAKING: 🇴🇲 Oil prices in Oman have surged to $167 a barrel.

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🇶🇦 QatarEnergy CEO: We may have to declare force majeure on long-term contracts for up to five years for LNG supplies to Italy, Belgium, Korea, and China.

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🇮🇷 Iran strikes Israel’s largest oil refinery in Haifa.

It Produces 197,000 barrels/day, 60% of Israel’s total refining capacity.

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🇺🇸 TRUMP SAYS FED CHAIR POWELL SHOULD BE LOWERING INTEREST RATES 'IMMEDIATELY'.

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🇺🇸🇮🇱 President Trump says he told Prime Minister Netanyahu not to strike Iranian gas fields.

"We're independent, we get along great…

On occasion he'll do something…I don't like."

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📊 Jeff Bezos is reportedly in talks to raise $100B for a new fund aimed at acquiring manufacturing firms and automating them with AI, per WSJ.

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🇮🇷 Iran's strike on Qatar gas facility will take up to 5 years of repairs and cut production by 17%

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🇨🇳 China says a "peaceful reunification" with Taiwan would solve Taiwan's energy crisis.

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🚨🚨 Goldman is set to initiate small rounds of head count cuts starting next month.

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🇮🇷 Oil tanker operator paid Iran $2,000,000 for safe passage through Strait of Hormuz, Financial Times reports.

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🇸🇦 Saudi officials warn oil prices could surge past $180 per barrel if war disruptions continue.

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🇺🇦🇮🇷 President Zelensky says Ukraine sent over 200 military experts to Gulf countries to defend against Iranian drones.

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🚨🚨 Gold drops below $4,500 — biggest weekly fall since 1983.

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🇨🇳 China’s economy is falling behind because of deflation and a weak currency, per WSJ.

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