US PRESIDENT DONALD TRUMP SAID HE IS NOT SEEKING A RENEWAL OF THE IRAN MOU.
According to Bloomberg, US President Donald Trump has expressed little interest in renewing the expired agreement with Iran.
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Israel Resumes Strikes on Lebanon as Hezbollah Tensions Escalate
According to Reuters, Israel has resumed bombings on Lebanon in recent days after cutting back its attacks earlier this month.
GOLD APPROACHES $4,400 AS FED MINUTES AND OIL WORRIES ALTER THE RATE PICTURE.
Gold prices gained on Monday as investors weighed poor US economic data against renewed energy-market uncertainties, with the Federal Reserve's July meeting minutes anticipated later this week providing further hints on the course of interest rates. Gold opened the new week about 1% higher than the previous week, with the latest US data helping to alleviate concerns about an impending rate hike.
Oil Prices Fall After a Strong Week as Iran Tensions Persist
Oil prices fell slightly in Asian trade on Monday after posting substantial increases the previous week, with ongoing uncertainty over US-Iran ties and the Strait of Hormuz restraining total oil falls. Shipping through the Strait of Hormuz slowed significantly as a result of Iranian strikes on tankers in the region, while the United States continued its naval embargo of Tehran.