Global Market Round Up: 09 June 2026

Gold prices steadied near the $4,350 level on Tuesday as easing tensions in the Middle East improved market sentiment and reduced concerns over a broader regional conflict. Investor confidence improved after Iran and Israel agreed to halt attacks against each other, while U.S. President Donald Trump indicated that discussions toward a formal ceasefire were progressing, raising hopes for a diplomatic resolution.

The reduction in geopolitical risks helped ease worries about inflation caused by energy prices, but gold prices did not rise much because recent U.S. economic data, especially stronger job market numbers, suggested that the Federal Reserve might keep its strict policies and could even raise interest rates again this year.

From a technical standpoint, the outlook remains cautious after gold broke below its 200-day moving average for the first time since October 2023. The breakdown has weakened the broader trend structure and encouraged fresh selling interest, leaving bullion vulnerable to further downside unless it manages to reclaim key resistance levels.

Crude oil prices steadied near $91 per barrel on Tuesday after giving up most of the previous session’s gains, as easing tensions between Iran and Israel reduced immediate concerns over a broader regional conflict.

Sentiment improved after both sides agreed to halt attacks, raising hopes that diplomatic efforts could gain momentum and pave the way for further negotiations. Despite the ceasefire, energy markets remain cautious as the Strait of Hormuz continues to face significant disruptions, limiting the flow of crude oil, refined fuels, and natural gas to global markets.

The ongoing restrictions have prevented a complete unwinding of the geopolitical risk premium embedded in oil prices.

Investor attention now turns to the U.S. Energy Information Administration’s Short-Term Energy Outlook report, which is expected to provide updated forecasts on global oil demand, supply conditions, and natural gas market fundamentals. The report could offer fresh direction for energy markets amid the evolving geopolitical landscape.

Natural gas prices declined on Monday, settling more than 2.5% lower as updated weather forecasts pointed to milder temperatures across key U.S. regions during the second half of June.

Market Performance Snapshot