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😤 A conflict erupted between Trump and Musk after Trump expressed he was “deeply disappointed” in Musk, who retaliated by threatening to retire the Dragon spacecraft and backing calls for Trump’s impeachment. Tesla shares dropped 14% today, trading at 284.73.

🇪🇺 The ECB has cut rates to 2.15% from 2.4% — marking the 8th cut in this cycle. It also lowered its inflation outlook for 2025–2026. EURUSD rises to 1.1436.

🥇 Global gold ETFs saw outflows of $1.8 billion in May 2025, equivalent to 19.1 tonnes of gold — the first monthly decline since November, according to the WGC. XAUUSD declines to 3358.

🛢 According to the IEA, global oil sector investments are projected to drop by 6% due to falling demand and prices. XBRUSD declines to 65.00.

🥈 The market value of silver hit a 14-year high as demand for safe-haven assets grows, driven by weak US economic data and rising expectations of a Federal Reserve rate cut. XAGUSD climbs to 36.17.

#MarketNews