Precious Metals Weekly: Iran Airstrikes Push Oil Past $79, Gold Tests $4,000, and China’s Silver Premium Hits 12%

Gold closed below $4,000 for the first time since late June as Iran airstrikes sent Brent past $84. Silver fell 3-4%. Shanghai’s silver premium widened to 12%. CPI came in soft but the Fed isn’t blinking.

Precious Metals Weekly: Valcambi Owner Probed for $159B Fraud, Six Countries Driving Sovereign Gold, Ron Paul on the Fed

Precous metals weekly news june 5, 2026

This week in precious metals: gold slips back to $4,450 on Iran de-escalation, India probes Valcambi’s owner for $159 billion in inflated revenue, and six countries quietly drive every ounce of sovereign gold demand.