Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Business»Oil, gold jump, stocks sink as Israel pummels Iran
Business

Oil, gold jump, stocks sink as Israel pummels Iran

Buddy DoyleBy Buddy DoyleJune 13, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
Oil, gold jump, stocks sink as Israel pummels Iran
Share
Facebook Twitter LinkedIn Pinterest Email

 

Investors flocked to safer assets, including gold and out of U.S. stocks, after Israel launched attacks against Iran’s nuclear sites. 

All three of the major U.S. averages fell Friday, erasing weekly gains, with the Dow Jones Industrial Average off over 500 points or 1%, while the Nasdaq Composite and S&P 500 lost 0.6% mid-afternoon.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 42239.1 -728.52 -1.70%
SP500 S&P 500 5989.51 -55.75 -0.92%
I:COMP NASDAQ COMPOSITE INDEX 19468.203336 -194.28 -0.99%

The strikes, which began late Thursday, drove oil prices up as much as 11% to the mid-$70 per barrel level, before halving those gains. ExxonMobil, Chevron and ConocoPhillips rallied, while the United States Oil Fund ETF headed for its best percentage gain since April. 

LIVE MARKET UPDATES: STOCKS, BONDS, OIL

OIL & ENERGY 

Ticker Security Last Change Change %
XOM EXXON MOBIL CORP. 111.93 +2.19 +2.00%
CVX CHEVRON CORP. 145.77 +0.80 +0.55%
COP CONOCOPHILLIPS 96.32 +1.63 +1.72%

“This will certainly do some damage to the inflation statistics if it doesn’t roll back soon,” wrote investor Louis Navellier in a note to clients. A report on consumer inflation or the CPI showed prices remain above the Fed’s 2% target level but still showed some relief. 

RISING BOND YIELDS

Bond yields, which had been drifting lower, marched higher with the 10-year Treasury back above 4.4%, partly tied to renewed inflation concerns. 

“This is a classic flight to safety and your seeing that in treasury yields” said Angel Oak Capital Advisors senior market strategist Frank Ros on ‘Mornings with Maria.’ “Today’s investors are concerned with tensions flaring up going into the future” he noted. 

Bond yields, 10-year

GOLD HITS NEW RECORD

Gold hit a fresh record, trading as high as $3,500 an ounce, rallying for the third straight session. The SPDR Gold Trust exchange traded fund, the largest backed by physical gold, is headed for a weekly pop of 3%. 

TRUMP DESCRIBES WHEN HIS RELATIONSHIP WITH ELON WENT SOUTH

FED WATCH

The Federal Reserve is not expected to adjust interest rates at next week’s meeting or in July, according to the CME FedWatch Tool, which tracks the probability of rate moves. There is a growing consensus that a rate cut could come in September. 

TRUMP NAME CALLS FED CHAIR POWELL

President Trump has been publicly needling Federal Reserve Chairman Jerome Powell to cut rates by a full percentage point, calling him a “numskull” and “Mr. Too Late” for keeping rates at current levels as foreign counterparts, including the European Central Bank cut rates. 

CRYPTOCURRENCY

Bitcoin, the largest cryptocurrency by market value, held at the $105,000 level and is sitting below its all-time high of $111,986.44.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleTim Walz floats China as ‘neutral actor’ with ‘moral authority’ to negotiate Middle East peace
Next Article TOP 6 NEW TAURUS REVOLVERS & PISTOLS 2023

Related Articles

Legal expert explains why companies need ‘love contracts’ after viral CEO-HR romance scandal

Legal expert explains why companies need ‘love contracts’ after viral CEO-HR romance scandal

July 30, 2025
Barstool’s Dave Portnoy raises funds for NYPD Officer killed in Midtown shooting

Barstool’s Dave Portnoy raises funds for NYPD Officer killed in Midtown shooting

July 30, 2025
Food giant sweetens the American economy with massive multibillion-dollar investment

Food giant sweetens the American economy with massive multibillion-dollar investment

July 30, 2025
‘Ghost ships’ moving sanctioned Russian oil to China complicate US talks

‘Ghost ships’ moving sanctioned Russian oil to China complicate US talks

July 30, 2025
Senate Republicans wants Americans to get 0 checks from tariff revenue

Senate Republicans wants Americans to get $600 checks from tariff revenue

July 29, 2025
Trump anticipates first flight in February on retrofitted Qatar-gifted Boeing 747 as Air Force One

Trump anticipates first flight in February on retrofitted Qatar-gifted Boeing 747 as Air Force One

July 29, 2025
Parent company of Charmin and Tide brands to raise prices on other products due to tariff pressure

Parent company of Charmin and Tide brands to raise prices on other products due to tariff pressure

July 29, 2025
Kai Trump says 'sorry, Grandpa' in playful video promoting Accelerator NIL partnership

Kai Trump says 'sorry, Grandpa' in playful video promoting Accelerator NIL partnership

July 29, 2025
Blackstone, NFL, Rudin, KMPG console employees after deadly NYC shooting

Blackstone, NFL, Rudin, KMPG console employees after deadly NYC shooting

July 29, 2025
Don't Miss
Republican congressman kicked by horse, breaks rib during farm accident

Republican congressman kicked by horse, breaks rib during farm accident

Massachusetts police arrest six women in alleged multi-state burglary gang, 3 taken into ICE custody

Massachusetts police arrest six women in alleged multi-state burglary gang, 3 taken into ICE custody

Democrat policies paved way for brutal Cincinnati attack, say Ohio Republicans: ‘Fear and chaos’

Democrat policies paved way for brutal Cincinnati attack, say Ohio Republicans: ‘Fear and chaos’

Ex-Planned Parenthood director celebrates closure of Houston facilities: ‘Not shocking’

Ex-Planned Parenthood director celebrates closure of Houston facilities: ‘Not shocking’

Latest News
Charlie Kirk embraces ‘South Park’ parody of him in upcoming episode as a ‘badge of honor’

Charlie Kirk embraces ‘South Park’ parody of him in upcoming episode as a ‘badge of honor’

July 30, 2025
Legal expert explains why companies need ‘love contracts’ after viral CEO-HR romance scandal

Legal expert explains why companies need ‘love contracts’ after viral CEO-HR romance scandal

July 30, 2025
Cory Booker slams Dem colleagues for ‘complicity’ with Trump in angry ‘wake-up call’ floor speech

Cory Booker slams Dem colleagues for ‘complicity’ with Trump in angry ‘wake-up call’ floor speech

July 30, 2025
Tsunami waves arrive on Japan’s coast after earthquake in Russia, triggering tsunami alerts for US West Coast

Tsunami waves arrive on Japan’s coast after earthquake in Russia, triggering tsunami alerts for US West Coast

July 30, 2025
Barstool’s Dave Portnoy raises funds for NYPD Officer killed in Midtown shooting

Barstool’s Dave Portnoy raises funds for NYPD Officer killed in Midtown shooting

July 30, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.