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Gold
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Real-time News
Conflict Situation: 1. Russia claims to continue mine clearance and operations in Khelman. 2. Russian military confirms large-scale strikes against military targets in multiple Ukrainian locations. 3. Ukraine attacks two oil tankers belonging to Russias shadow fleet in the Sea of Azov. 4. Local governor states that several Ukrainian drones have reached the Russian industrial center north of Omsk. 5. Ukrainian Air Force: Russia launched 68 missiles and 351 drones at Ukraine overnight. 6. Local governor states that infrastructure in the Russian oil port areas of Uster-Luga and Vysotsk was damaged following the drone attacks. 7. Security Service of Ukraine: Strikes have been conducted on the Russian Baltic port of Vysotsk oil terminal and refineries in the Kaluga region. 8. Zelensky: Ukraine shot down all six Kalibr missiles and 31 cruise missiles last night, and called on the United States to authorize Ukraine to produce Patriot missiles to compensate for its lack of interceptor missiles. The large-scale Russian attack on Ukraine has resulted in 22 deaths. Peace Negotiations: 1. Russian Deputy Foreign Minister: Russia will maintain contact with the United States on the Ukraine issue. Other developments: 1. Trump stated that he had a "very good call" with Putin. 2. European Commission President Ursula von der Leyen: Efforts are underway to finalize the 21st round of sanctions against Russia. Ukraine urgently needs more air defense equipment.Petrobras, Brazils state-owned oil company, received 2.7 billion reais in connection with Brazils diesel subsidy program.On July 7th, Canadian Prime Minister Mark Carney announced on the 6th that Germanys ThyssenKrupp Marine Systems (TKMS) had been selected as the preferred supplier for the Canadian Navys next-generation submarine fleet, and negotiations would begin. Carney stated that this procurement would be "the largest in Canadian history," and that Canada was allocating estimated costs for the 12 submarines in the federal budget. This procurement is expected to bring Canadas defense spending to 4% of its GDP by 2030. Canada aims to finalize the contract by the end of 2027 at the latest, with the first four submarines to be delivered ahead of schedule in 2034. If negotiations with the preferred supplier fail, Canada may negotiate with South Korean company Hanwha Marine. ThyssenKrupp Marine Systems is a leading German naval shipbuilder and a core supplier in the global conventional submarine market.On July 7th, Russian Deputy Foreign Minister Sergei Ryabkov stated on the 6th that despite the United States increasingly deviating from its agreements with Russia on the Ukraine issue, Russia will not suspend contact with the US on this matter. Earlier that day, US President Donald Trump stated that the Russia-Ukraine conflict would be resolved "much faster than people think." Ryabkov responded that if the US is prepared to act on the proposals put forward by Russia, the conflict could indeed be resolved quickly.Market news: Democratic state attorneys general oppose Trumps plan to impose tariffs of up to 12.5% on goods imported from 60 countries.
