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U.S. Hits Iran’s Kharg Island Military Sites Amid Rising Oil‑Sector Tensions

  The US bombed military targets on Kharg Island in the Persian Gulf, but spared oil infrastructure for now. The United States has carried out airstrikes on military targets located on Iran’s Kharg Island, a strategic hub responsible for the overwhelming majority of the country’s oil exports. President Donald Trump stated that U.S. forces “obliterated” military positions on the island, emphasizing that the operation avoided damaging vital oil infrastructure.  Kharg Island, which handles most of Iran’s crude shipments, sits at the center of global energy flows and has become a flashpoint amid escalating regional conflict. Iranian state media reported no harm to oil facilities but warned that any future attacks on its energy network would provoke retaliation. The strike marks a significant escalation in the two‑week‑old conflict, with Washington also deploying an additional 2,500 Marines and an amphibious assault ship to the region. Analysts warn that any disruption to Kharg ...
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Gold Surges to Fresh Record as Investors Bet on More Fed Easing

                                        Gold holds firm near record high as markets eye Fed policy signals.

Gold prices soared to yet another record high, climbing above $3,700 per ounce as investors positioned for further U.S. Federal Reserve rate cuts before year-end. The rally underscores gold’s role as a safe-haven asset in times of economic uncertainty, with the metal gaining more than 40% over the past year amid central bank buying, geopolitical tensions, and mounting government debt.

The Fed’s recent quarter-point cut has fueled expectations of at least two more reductions in the coming months, a scenario that typically boosts non-yielding assets like gold. Analysts note that while stock markets remain buoyant, the simultaneous surge in gold reflects a mix of optimism and caution, with investors hedging against inflation risks, slowing growth, and potential policy turbulence.

With global demand strong and monetary policy tilting dovish, many strategists believe bullion could test even higher levels in the months ahead.


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