Open: London Session | Forex, Metals, Oil, Agriculture June 02, 2021



Sadly, mainstream advisors still snicker whenever a client brings up gold – even though the naysayers have been wrong about gold for 20 years. The growing economy is pushing up inflation, thereby leading to higher demand for silver as an inflation hedge. SLVP follows the MSCI ACWI Select Silver Miners Investable Market Index, providing investors’ exposure to companies that derive the majority of revenues from silver exploration or metals mining. More Is gold set to tear even higher?
Spot gold traded at $1,899.46 per ounce. Silver logged its largest monthly gain since December.


China International Import Exposition Oil UpCrude oil futures closed at their highest level since 2018 as OPEC+ provided an upbeat assessment of the demand outlook on Tuesday. An Iranian official said a deal is now expected to be finalized in August, dimming the prospect of Iranian oil supplies quickly returning to the market.Inflationary PressureU.K. Crude oil is near a 2018 high, no new U.K. Covid deaths and the AMC stock frenzy is back. The last time it was this high came in the aftermath of the Yom Kippur War and the subsequent oil embargo of late 1973.
“(The) wait and see approach by OPEC is likely to see the market remain tight for the foreseeable future.

United States

“Yes, inflation will overshoot in the short term but the Fed is cognizant of that risk and they are looking at a dual target of full employment and inflation. The news of Hexo’s expansion plans sent shares trading in the US up almost 10% last Friday, where they closed at US$7.18. Although inflation is high, the Fed views this as temporary. Then in May, Hexo continued on is buying spree, picking up 48North Cannabis (OTC:NCNNF), a small grower that is traded in Canada and the US, for $50 million.
The US market was closed Monday for the Memorial Day holiday. While Dow closed a tad higher, tech-focused Nasdaq and broader S&P 500 indices edged down marginally on Tuesday. Earlier this spring, Tilray (NASDAQ:TLRY), merged with Aphria (NASDAQ:APHA) to create the biggest marijuana company in the world, which continues to trade under the Tilray name. They closed last Friday on the NASDAQ at US$26.09. They have unshakable faith in Wall Street and government institutions.
As such, the tech-heavy Nasdaq Composite Index suffered a 1.5% loss, snapping a six-month streak of wins.


If corruption, weak courts or poor law enforcement are found to put EU money at risk of embezzlement, then payments may be frozen. Jourova told us the Commission has no obligation to wait for an EU court ruling on whether the strings attached to disbursements are legal. Here s what to expect ahead of the big EU-U.S. summit this month.