US NFP rose 172K, beating forecasts and signaling stronger US labour market momentum, though weaker sentiment and geopolitical risks cloud the outlook.
US May core PCE rose 3.3% YoY in line with forecasts. Inflation shows signs of easing, while real income fell for a third month and savings hit a four-year low.
Real yields are testing gold and large-cap tech differently, as gold relies on demand support while tech depends on earnings and AI spending to hold up.
Lithium prices fell 84%, eliminating mine investment. Wood Mackenzie forecasts a supply deficit by 2028, threatening continued declines in EV battery costs.
