🇮🇳 Gold demand drops 70% after a sharp duty hike in India.

Demand dropped to roughly 7.5 tonnes from around 25 tonnes a year earlier.

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🇺🇸 Currency against US Dollar over the past year.

🇲🇾 Malaysia: +6.7%
🇨🇳 China: +3%
🇵🇰 Pakistan: +1.2%
🇸🇬 Singapore: +1.1%
🇹🇭 Thailand: +1%

🇻🇳 Vietnam: -1.1%
🇮🇩 Indonesia: -8.9%
🇰🇷 South Korea: -9%
🇵🇭 Philippines: -10%
🇯🇵 Japan: -10.5%
🇮🇳 India: -11%

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🇺🇸🇬🇱 President Trump posts about Greenland.

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🇺🇸 President says it's "time to audit" Fort Knox's $667 billion gold reserves.

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📊 Market Overview:

SPX: $7580
NASDAQ: $26972
Bitcoin: $73806

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🇯🇵 Japanese crude oil reserves post the largest drawdown in the country’s history.

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🚨 IRAN'S FOREIGN MINISTER TO STATE MEDIA: WE CAN NOT JUDGE THE TALKS UNTIL WE GET TO A CLEAR RESULT

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📊 Key Events This Week:

1. May ISM Manufacturing PMI data - Monday

2. April JOLTS Job Openings data - Tuesday

3. May ISM Non-Manufacturing PMI data - Wednesday

4. Initial Jobless Claims data - Thursday

5. May Jobs Report - Friday

6. Total of 7 Fed Speaker Events This Week

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🇺🇸🇮🇷 "Iran war cost: Average U.S. household paying $450 more on gas and energy," per CNBC.

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📊 AI Bubble hits same concentration level that resulted in the bursting of previous bubbles, including the Dot Com.

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🇺🇸 Former Fed Chair Jerome Powell says the Federal Reserve will not survive if officials are removed over policy disagreements.

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JUST IN: 🇺🇸🇮🇷 President Trump says "Iran really wants to make a deal, and it will be a good one."

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