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U.S. government report says U.S. refining capacity declined by 263,000 barrels per day in 2025.

2026-06-27

U.S. government report says U.S. refining capacity declined by 263,000 barrels per day in 2025.

Other News
2026-06-26

South Korea's Ministry of Oceans and Fisheries: Eight South Korean vessels have sailed out of the Strait of Hormuz.

South Korea's Ministry of Oceans and Fisheries: Eight South Korean vessels have sailed out of the Strait of Hormuz.
2026-06-26

Gold slipped below $4,000 as higher US Treasury yields, a firmer USD and weaker safe‑haven flows reduced demand. Rising nominal and real US yields — driven higher by stronger-than-expected US data — raised the opportunity cost of holding non-yielding

Gold slipped below $4,000 as higher US Treasury yields, a firmer USD and weaker safe‑haven flows reduced demand. Rising nominal and real US yields — driven higher by stronger-than-expected US data — raised the opportunity cost of holding non-yielding gold; historically rising real yields are a primary negative for gold. A stronger USD increased the local cost of dollar-priced bullion for international buyers, damping global demand and limiting near-term upside unless the dollar weakens. Markets have pushed back Fed rate-cut expectations (earlier bets on sizeable easing from H2 2026), as persistent inflation and a resilient labor market and Fed comments suggest rates may stay higher for longer. Profit-taking after a >70% rally from 2025 to early 2026 (driven by geopolitics, central-bank purchases and safe-haven flows) saw institutions and hedge funds lock gains, amplifying selling pressure; 15–30% corrections are common within long commodity bull runs. ETF outflows and a cooling of safe-haven demand has reduced investment inflows even as central banks continue long-term accumulation. Finally, volatility and losses in global tech stocks have prompted some investors to sell gold to raise cash or rebalance portfolios.
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