Flash News

TREE NEWS reports: Goldman Sachs said there is net upside risk to its fair value forecast of $4,900 per ounce for gold at the end of 2026, while warning that the metal’s path will face greater two-way volatility. The bank explained that this target assumes continued strong gold purchases by central banks. The forecast was reaffirmed without any change to the figures.

TREE NEWS update: Dmitry Medvedev, deputy chairman of Russia’s Security Council and chairman of United Russia, said on the 11th that Russia has no military objectives against Europe. He said claims by European leaders that Russia intends to attack Europe are meant to justify their policy of aiding Ukraine and to seek a geopolitical defeat of Russia.

TREE NEWS reports: WTI October crude futures settled down $2.43, or 2.37%, at $100.05 a barrel, still up nearly 9.37% for the week. Middle East Abu Dhabi Murban crude fell 2.02% to $120 a barrel, up 16.17% week-to-date. NYMEX October natural gas settled at $2.8310 per million British thermal units, with gasoline at $3.3072 a gallon and heating oil at $4.9593 a gallon.

TREE NEWS reports: The Shanghai Futures Exchange crude oil October 2610 contract closed up 4.96% at 850.10 yuan per barrel in night trading. In precious metals, Shanghai gold settled down 0.04% in the night session while Shanghai silver gained 0.49%.

TREE NEWS update: Saudi Arabia’s Energy Ministry said it has preemptively shut down the East-West oil pipeline serving the Riyadh and Medina regions following multiple attacks on Thursday. The ministry said it is taking action to ensure the safety of the pipeline and associated assets.

TREE NEWS reports: Shanghai crude oil’s continuous front-month contract rose 4% intraday, trading at 842.40 yuan. The move marks a sharp one-day gain for the yuan-denominated crude futures contract listed in Shanghai.

TREE NEWS reports: Yemen’s Houthi-run health ministry said Saudi-led strikes have killed or wounded 82 people since September 3. The ministry did not break down the figure into deaths and injuries. No further details were immediately provided.

TREE NEWS reports: Gold (XAUUSD) briefly pulled back to $4,350 per ounce and was last quoted at $4,349.93, up 0.2% over 24 hours. The metal remains near recent highs after the short-term retreat.

TREE NEWS reports: Morgan Stanley forecasts the US dollar will climb to 163 yen against the Japanese currency. The bank’s call points to further weakness in the yen from current levels. No timeframe or detailed rationale for the target was given in the material.

TREE NEWS update: The US Department of Commerce has confirmed that solar products imported from India are receiving illegal subsidies. The determination covers Indian photovoltaic goods and opens the way for countervailing duties. No further details on the subsidy rates or the specific companies involved were disclosed.

TREE NEWS update: Families of some victims of the September 11, 2001 attacks used the memorial ceremony to urge US President Donald Trump to hold Saudi Arabia accountable over alleged involvement in the deadliest terror attack on US soil. They criticized Washington for choosing to protect Riyadh instead of standing with the families, with Terry Strada calling on Trump to tell Saudi Arabia to “stop lying.” Saudi involvement remains unproven; Riyadh has always denied it and cites FBI and CIA testimony in support of its position.

TREE NEWS reports: The US federal budget deficit reached $1.97 trillion in the first 11 months of the current fiscal year through September. The tally covers the period from the start of the fiscal year in October through August, leaving one month remaining before the books close.

TREE NEWS reports: The US government ran a budget deficit of $166.797 billion in August, narrower than the $220 billion expected and down sharply from the $344.8 billion deficit recorded a month earlier. The smaller shortfall reflects a monthly improvement in federal receipts and spending.

TREE NEWS reports: Mitsubishi UFJ has abandoned its forecast that the Federal Reserve will keep rates unchanged this year, calling instead for a 25-basis-point hike in September. Strategists George Goncalves and Agron Nicaj cited Fed Chair Warsh’s hawkish Jackson Hole speech, solid August jobs data and a higher-than-expected CPI print on Friday. They wrote that the hike could prove a “policy error,” but with markets already pricing a move next week, the Fed would find it hard to stand pat.

TREE NEWS reports: Bitcoin and ether rose after US inflation data did little to change expectations for Federal Reserve interest rate policy. Bitget analyst Lewis Huang pointed to a divergence within the print, with headline inflation accelerating on energy while core inflation continued to ease. The market reaction left the Fed’s rate outlook broadly unchanged.

TREE NEWS reports: Intercontinental Exchange data show speculative net long positions in diesel rose by 3,465 contracts in the week to September 8, reaching 93,533 contracts. The weekly positioning figure reflects speculative bets on the fuel, which is the ICE gasoil contract.

TREE NEWS update: Russian officials will attend a G20 energy meeting in Houston, Texas, next week, a White House official said. The meeting is scheduled to take place in the US city, with Russian representatives confirmed to participate. No further details on the agenda or delegation were provided.

TREE NEWS reports: European Central Bank chief economist Philip Lane said a continued rise in energy prices could weigh on consumption in the autumn, adding that the issue remains uncertain. Lane did not specify the scale or timing of any potential impact on household spending.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility took in $5.255 billion on Friday, September 11, from three counterparties, up from $4.736 billion the prior trading day. The RRP is a key money-market gauge of excess liquidity in the financial system.

TREE NEWS reports: The number of active US oil drilling rigs rose to 450 in the week of September 11, up from 449 the prior week. The weekly count, a closely watched gauge of domestic crude production activity, edged higher by one rig. The figure covers the week ending September 11.