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Gold and Silver Head for Biggest Annual Gains Since 1979

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Gold and silver soared to all-time highs, as escalating geopolitical tensions and bets on further US rate cuts added momentum to the best annual performance in more than four decades. Bullion climbed as much as 2.4% to surpass the previous record of $4,381 an ounce set in October, while silver rallied as much as 3.4%, closing in on $70 an ounce. The move extends a blistering rally that has put both metals firmly on course for their strongest annual performance since 1979. The latest push higher comes as traders bet that the Federal Reserve will cut interest rates twice in 2026, and as US President Donald Trump also advocates for looser monetary policy. Lower rates are typically a tailwind for precious metals, which don’t pay interest. Rising geopolitical tensions are also enhancing the haven appeal of gold and silver. The US has intensified an oil blockade against Venezuela, stepping up pressure on the government of President Nicolás Maduro, while Ukraine attacked an oil tanker from Russia’s shadow fleet in the Mediterranean Sea for the first time. Bloomberg Intelligence Senior Commodity Strategist Mike McGlone joins Bloomberg Businessweek Daily to discuss. He speaks with Alexis Christoforous and Isabelle Lee.
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Vance Warns Israel Against Attacking its ‘Only Powerful Ally’ | Balance of Power 06/18/2026

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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Former National Security Advisor John Bolton warns that Iran will use oil funds to rebuild their war capabilities and calls the current situation a “trap of Trump’s own making.” Aaron David Miller, Senior Fellow at the Carnegie Endowment for International Peace, comments on Vice President JD Vance’s warning to Israel against attacking its “only powerful ally.” Marc Morial, President & CEO of the National Urban League, discusses the grand opening of the Obama Presidential Center and what the center represents.

Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:00:31 – Opening Headlines: Trump-Iran MOU & Political Fallout
00:01:39 – JD Vance Defends the Iran Memorandum
00:04:07 – John Bolton, Fmr. National Security Advisor, Criticizes the Iran Deal
00:12:12 – Bolton on Ukraine, Russia, and US Strategy
00:14:25 – Power Moves: Top Financial Stories of the Day
00:19:15 – Aaron David Miller, Senior Fellow at the Carnegie Endowment for International Peace, on US-Israel Relations
00:25:19 – The Debrief: Mario Parker on Janeese Lewis George Win
00:30:56 – Lisa Mateo on New York Knicks Championship Parade
00:33:22 – Political Panel: Iran Deal, Israel, and Midterms
00:43:07 – Marc Morial, President and CEO of The National Urban League, on the Obama Center and Democracy
00:47:10 – Week in Review and Closing Thoughts
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Hamptons Golf Tickets At $400 Look Like A Steal After the Knicks

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With Knicks NBA Finals seats and World Cup tickets costing thousands, golf’s US Open in the Hamptons is emerging as a rare bargain. Paulina Cachero breaks down the numbers
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First Saudi Supertankers Begin Hormuz Crossing

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Some oil and gas vessels have begun to cross the Strait of Hormuz, including ships owned by Saudi Arabia’s state tanker giant. The movement of Saudi ships through the waterway marks the first large volumes of Saudi oil to cross the strait since the Iran war began. Bloomberg’s Abeer Abu Omar reports.
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Why Guinness Is Growing While Beer Sales Fall Worldwide

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#Guinness is a brand that’s been around for 270 years. Diageo’s Global Category Director explains how the #Irish #stout has managed to evolve and grow, while staying true to its roots.

Diageo Global Category Director Gráinne Wafer reflects on her personal connection to the Guinness brand and the challenge of keeping an almost 270-year-old icon relevant for a new generation of drinkers. Wafer explains how the Irish stout is evolving while holding onto the ritual, quality and community that she says built it.

#Beer #Business

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UK Defense Secretary’s Exit Shatters Starmer’s Legacy

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Is the UK spending enough to defend itself and its NATO allies?

Ellen Milligan explains why the resignation of Defence Secretary John Healey threatens to shatter Keir Starmer’s legacy.
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