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Gold Retreats as Oil Spike Fuels Dollar Rally, Rate Cut Doubts
Spot gold declined 1.2% to $5,109.39 per ounce Monday as a sharp rally in oil prices and a stronger U.S. dollar revived inflation concerns, reducing expectations for imminent Federal Reserve interest rate cuts.
Hims & Hers Shares Jump on Novo Nordisk Partnership Revival
Hims & Hers Health shares surged in premarket trading Monday following reports that Novo Nordisk will resume selling its weight-loss drugs through the telehealth platform. The move marks a reversal from a patent dispute last month.
Bitcoin Stabilizes Near $68K Amid Oil Price Surge and ETF Outflows
Bitcoin steadied around $67,954, recovering from a dip to $65,688, while U.S. spot Bitcoin ETFs saw significant net outflows. The rally in oil prices above $119 a barrel has heightened inflation concerns, dampening expectations for near-term Federal Reserve rate cuts.
Middle East Conflict Sparks Historic Oil Price Surge, Strains Global Supply
Oil prices surged dramatically on Monday, with Brent crude briefly exceeding $119 per barrel, following supply disruptions in the Middle East linked to regional conflict. Governments and companies scrambled to respond to the market shock.
Qatar LNG Outage Sparks Global Gas Price Surge
European natural gas benchmarks jumped sharply Monday after a major LNG facility shutdown in Qatar, tightening global supply and pushing prices higher across key markets.
XRP Dips as Oil Spike Triggers Crypto Sell-Off
XRP declined roughly 1.1% to $1.34, underperforming Bitcoin and Ethereum, as a 25% surge in oil prices rattled investor sentiment and triggered broad risk aversion.
Dubai Property Braces for Supply Surge as Moody's Warns of Price Slowdown
Dubai's real estate market faces a significant influx of new residential supply between 2026 and 2028, which analysts warn could temper price growth. Strong foreign investment, particularly from India, continues to underpin transaction activity.
Nikkei Plunges 5.2% as Oil Price Surge Sparks Global Market Rout
Tokyo's benchmark Nikkei 225 index suffered its third-largest point drop on record, plunging 5.2% as surging oil prices triggered a broad market selloff. The yen weakened past 158.60 per dollar and government bond yields rose sharply.
Indian Equities Plunge as Oil Spike Sparks Currency, Banking Crisis
Indian stock benchmarks fell sharply Monday, entering correction territory as surging oil prices battered the rupee and triggered a selloff in banking and aviation stocks. The Reserve Bank intervened to support the currency.