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Gold
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Oil
94.047
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Real-time News
Iranian state media reported that Iran struck a U.S. warship in the Gulf of Oman that was approaching Iranian territorial waters and had a "command and control center."U.S. Central Command: Iran used drones to attack a civilian airport in a deliberate, calculated, and unjustified attack.U.S. Central Command: Iran claimed today that it did not attack the passenger terminal at Kuwait International Airport and that the damage was caused by U.S. missile interceptors. This claim is completely false.On June 4th, a spokesperson for the Iranian Islamic Revolutionary Guard Corps stated on June 3rd that its forces did not fire on the Kuwait airport target. The spokesperson claimed that the damage to the Kuwait airport terminal was caused by a malfunction of the US Patriot air defense missile system, whose missiles, after failing to intercept Iranian missiles, mistakenly landed on the terminal.June 4th - The Federal Reserves Beige Book indicated that overall, prices rose at a moderate to robust pace, with most districts reporting higher inflation rates than the previous report. Districts noted that energy costs related to the Middle East conflict were the primary driver of inflationary pressures, impacting sectors such as shipping, packaging, groceries, and fertilizers. Non-labor costs continued to rise faster than selling prices, raising broader concerns about squeezed profit margins. The ability to pass on higher costs varied across industries, particularly among consumer-facing companies. Some districts noted that businesses in multiple regions adopted strategies to cope with inflation, including supply chain optimization, product adjustments, reduced supply, and temporarily absorbing higher costs to maintain customer demand.
