Gold Falls for the Third Session, Oil Edges Higher | Horizons Middle East & Africa 7/01/2026

By Bloomberg Television

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A positive start to the US-Iran talks in Doha , S&P 500 closed out its best quarter since 2020. Traders are watching for Japan’s next red line on the YEN, while oil edged higher as Middle East peace talks continued and shipping through the Strait of Hormuz recovered. The US lifted restrictions on Anthropic’s Fable 5 AI model, Donald Trump reported at least $1.5 billion in cryptocurrency earnings for 2025. In legal news, the US Supreme Court backed birthright citizenship, Susquehanna won the right to subpoena brokers in an alleged insider trading case. Thousands joined anti-migrant demonstrations across South Africa, Abu Dhabi proposed a new offshore oil pricing benchmark, and gold fell for a third consecutive session amid easing Iran tensions and uncertainty over US interest rates. ALCOA's $5.6 billion South32 deal to capitalize on the aluminum boom, Ethiopia’s $1 billion bond rallying after a restructuring agreement, Dubai International Financial Centre continuing to attract top globa

Tags: Abeer Abu Omar, Abu Dhabi, Abu Dhabi National Oil Company (ADNOC), Adnoc, Africa, Anthropic, Anthropic PBC, BOJ, Benjamin Netanyahu, Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, Donald Trump, Economy, Ethiopia, Iran, Israel, Jared Kushner, Lebanon