Kalgoorlie Gold Mining has brought forward first-ever drilling at its untested LTZ Flexure target near Laverton while awaiting assays from 3702m of RC drilling at its Kirgella Gift and Providence gold deposits.
The market enters the first full trading week of June caught between two major macro narratives. On one side, signs of slowing U.S. economic momentum continue supporting safe-haven demand for gold. On the other, traders remain cautious ahead of several key labor market releases that could significantly reshape expectations for Federal Reserve policy. The latest ISM Manufacturing PMI reinforced concerns that parts of the U.S. economy are gradually losing momentum, placing pressure on the USD and helping support gold prices. However, attention has now shifted toward ADP Employment Change, ISM Services PMI, and Friday’s Non-Farm Payrolls report. These releases are expected to become the primary catalysts for both the USD and gold throughout the week. From a broader macro perspective, markets remain balanced between recession concerns and the possibility of higher-for-longer interest rates. Gold continues benefiting whenever economic data disappoints, but a sustainable bullish trend will likely require more evidence that the U.S. economy is slowing faster than expected. Technically, gold remains within a broader bearish structure despite the strong recovery from late-May lows. Price is currently reacting around a key confluence area involving a descending trendline, Fibonacci levels, and important liquidity zones. The recovery has improved short-term sentiment, but sellers continue defending major resistance areas overhead. MAIN SCENARIO The preferred scenario remains a short-term recovery toward the Trendline + Fibo resistance zone before selling pressure returns. If price reacts from this confluence area, gold could resume its bearish movement toward the lower Supply and Demand zones, in line with the prevailing H4 structure. With major labor market data still ahead, the market is likely to remain cautious and trade within technical liquidity zones until a clearer directional catalyst emerges. ALTERNATIVE SCENARIO If upcoming U.S. economic data continues disappointing and the USD extends its weakness, gold could break above the current Trendline + Fibo resistance area. In that case, price may continue recovering toward the upper Demand + Fibo liquidity zone, where significant medium-term liquidity is concentrated. A confirmed H4 close above resistance would be the first indication that buyers are gradually regaining short-term control. SHORT-TERM BIAS Bullish recovery toward resistance. LONG-TERM BIAS Still bearish while price remains below the major descending trendline and key liquidity zones overhead. LucasGrayTrading
Kontoor Brands, Inc. is divesting the Lee brand for up to $1 billion, with the focus shifting to Helly Hansen and Wrangler. Learn more about KTB stock here.
The Nikkei touched a record peak of 67,231.28 on Monday and posted a record closing high of 66,934.33, roughly 7% above the 25-day moving average, a sign of an overheated market.
Binance, the world’s largest crypto exchange by trade volume and registered number, and Telenor Pakistan have signed a Memorandum of Understanding (MoU) to explore opportunities for advancing blockchain innovation and education initiatives in Pakistan. The MoU signing ceremony was held at Telenor Pakistan Headquarters in Islamabad and was attended by representatives from both organizations, including Waqas Amanullah, Chief Consumer Business Officer, and Muhammad Shiraz Azhar, Director Channel Planning & Management from Telenor Pakistan, along with Hamza Usama Khan, Operations Lead – MENAT from Binance. Through this collaboration, Binance and Telenor Pakistan will explore opportunities focused on innovation, awareness, education, and learning initiatives aimed at supporting Pakistan’s evolving digital ecosystem. The collaboration reflects a shared commitment to promoting awareness of emerging technologies and supporting knowledge-sharing initiatives in Pakistan, including blockchain and technology-focused workshops and online learning opportunities supported by Binance Academy. Commenting on the partnership, Tarik Erk MENAT Lead and Senior Executive Officer Abu Dhabi: “Pakistan represents an incredibly important market with strong digital adoption and a rapidly growing interest in blockchain technology. Through this collaboration with Telenor Pakistan, we aim to explore innovative ways to increase accessibility, enhance education, and create meaningful opportunities for users to engage with the digital asset ecosystem.” Waqas Amanullah, Chief Consumer Business Officer, Telenor Pakistan, said : “At Telenor Pakistan, we remain committed to supporting a more inclusive and future-ready digital ecosystem through innovation and strategic collaborations. This engagement reflects our shared focus on awareness, learning, and responsible exploration of emerging technologies that can contribute to Pakistan’s evolving digital landscape.” The MoU reflects a shared commitment by Binance and Telenor Pakistan to support awareness, skill development, and learning opportunities relating to emerging blockchain technologies in Pakistan. Binance continues to collaborate with regulators and stakeholders in Pakistan to advance responsible innovation, strengthen market integrity, and enhance consumer protection. As part of this commitment, Binance has obtained AML registration under PVARA’s framework, marking an important step toward full licensing and local incorporation in the country. In addition, PVARA has issued a No Objection Certificate (NOC) to Binance, reflecting Pakistan’s broader efforts to establish a structured and compliant regulatory framework for virtual asset service providers.
AI Server Market Overview The global AI Server Market was valued at USD 131.65 billion in 2025 and is projected to reach USD 598.12 billion by 2033, [read full press release...]
A second high court judgment has found that bitcoin is capital, deepening the split over crypto and exchange control.
BitcoinWorld USD/JPY Approaches Near Two-Year High Near 160.70 – Technical Outlook The USD/JPY currency pair is trading near a significant technical milestone, approaching the 160.70 level — a price point not seen in nearly two years. This move reflects ongoing yen weakness driven by diverging monetary policies between the Bank of Japan and the U.S. Federal Reserve. Technical Levels and Market Context The 160.70 area represents [...] This post USD/JPY Approaches Near Two-Year High Near 160.70 – Technical Outlook first appeared on BitcoinWorld .
Earnings call transcript: RNFI Services Q4 2026 sees robust growth amid challenges
BitcoinWorld Euro Holds Above 1.1600 as Traders Await Key Eurozone Inflation Data The euro traded with a firm tone on Tuesday, holding above the 1.1600 level against the US dollar as currency markets turned their focus to the upcoming release of Eurozone Harmonised Index of Consumer Prices (HICP) inflation data. The common currency’s resilience comes amid a relatively quiet session, with traders reluctant to place large directional [...] This post Euro Holds Above 1.1600 as Traders Await Key Eurozone Inflation Data first appeared on BitcoinWorld .
Spain Unemployment Change increased to -36.323K in May from previous -62.668K
Spain Unemployment Change rose from previous -62.668K to -36.3K in May