For investors seeking momentum, abrdn Physical Precious Metals Basket Shares ETF is probably on the radar. The fund just hit a 52-week high and has moved up 38.7% from its 52-week low of $100.95 per share.
Elon Musk warned of a looming "de facto bankruptcy" for the U.S. amid soaring debt, while Fed Chair Jerome Powell maintained a steady stance on interest rates despite easing inflation.
Brent crude oil price is set to jump sharply when the market opens later today after Donald Trump launched a bombing campaign in Iran. It ended the week at $77, up by 31% above the lowest point in May.
Trump wanted an industrial boom in the US, and in May, he got it. Last month, assemblies of trucks at US auto plants increased to the fastest pace in Federal Reserve data back to 1967, according to Bloomberg analysis.
