Key takeaways:
- Bitcoin hovered at $105,500, struggling to gain momentum amid cautious sentiment and broader market division.
- Gold edged up to $3,360.50, reflecting steady safe-haven demand.
- Wall Street extended gains as investors weighed Fed uncertainty, inflation risks, and shifting global trade dynamics.
- Geopolitical tensions in the Middle East and Eastern Europe kept risk sentiment elevated across global markets.
Geopolitics & Policy Watch
On June 4, Wall Street posted gains as investors weighed fresh Fed commentary, intensifying Middle East tensions, and lingering uncertainty in global trade and energy markets. Despite rising geopolitical risks, risk appetite held firm, while demand for safe-haven assets eased slightly.
On the geopolitical front, Middle East tensions resurfaced as instability in Yemen coincided with renewed Israeli military activity near the Lebanese and Syrian borders. Additionally, global attention turned to Moscow in anticipation of Russia’s response to Ukraine’s recent devastating strike.
Meanwhile, U.S. Federal Reserve officials have signaled continued caution on inflation, even as labor market data shows signs of softening. While recent speeches suggest the Fed will likely keep interest rates unchanged at its June meeting, the lack of a clear consensus on the timing of future cuts has left markets in limbo.
Despite ongoing geopolitical risks, both WTI and Brent slipped, as traders weighed sluggish demand indicators and increasing rerouting costs.
Gold, however, gained modestly on safe-haven buying, while Bitcoin stabilized just above $105K in low-volatility trading.
Global Indices:
- S&P 500: 5,970.36 (+0.58%)
- Dow Jones: 42,519.64 (+0.51%)
- Nasdaq: 19,398.90 (+0.81%)
- Nikkei 225: 37,800.0 (+0.77%)
- Euronext 100: 1,581.99 (+0.23%)
- FTSE 100: 8,793.3 (0.03%)
Cryptocurrencies Market:
- Bitcoin (BTC): $105,622 (+0.16%)
- Ethereum (ETH): $2,630.47 (+1.43%)
- Solana (SOL): $163.35 (−1.88%)
Commodities:
- Gold: $3,360.50 (+0.21%)
- Silver: $34.49 (−0.01%)
- WTI Crude: $63.17 (−0.2%)
- Brent Crude: $64.26 (−0.47%)
Individual Stocks:
- Meta Platforms (META): $666.85 (−0.60%)
- NVIDIA (NVDA): $141.22 (+2.80%)
- Tesla (TSLA): $344.27 (+0.46%)
- Apple Inc. (AAPL): $203.27 (+0.78%)
- Amazon.com (AMZN): $205.71 (−0.45%)
- Microsoft Corp. (MSFT): $462.97 (+0.22%)
Forex:
- EUR/USD: 1.13785 (+0.08%)
- GBP/USD: 1.3526 (+0.09%)
- USD/JPY: 144.01 (+0.19%)
Market Wrap-Up:
Markets climbed despite persistent geopolitical instability in the Middle East and cautious Fed language. The Nasdaq led gains with a tech-driven rally, while Bitcoin held steady near $105K. Meanwhile, gold rose on safe-haven demand, and oil retreated despite mounting regional tensions and supply route risks. Global outlook remains clouded by macro uncertainty and escalating security concerns.
Read more: Elon Musk’s X Launches XChat With Bitcoin-Inspired Encryption
All content provided here is for informational purposes only and does not constitute financial or trading advice. Trading involves risk and may result in financial loss. We strongly recommend consulting a licensed advisor before making any investment decisions.
