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Bloomberg reports that Russia's Gazprom has abandoned plans to create a gas distribution hub in Turkey. Despite public support from President Vladimir Putin, the project faced serious obstacles from the outset.

State Street Global Advisors (SSGA) predicts that gold prices could climb to $5,000 per ounce within the next few years. Such an increase will be largely driven by sustained central bank gold purchases and renewed demand for bullion-backed exchange-traded funds (ETFs).

The US stock market gained momentum yesterday, buoyed by upcoming trade talks between American and Chinese leaders, as well as Nvidia's positive first-quarter earnings report. However, just a few days earlier, Trump accused China of violating trade rules, Reuters reports.

According to Bloomberg data, global oil reserves have shown rapid growth over the past several weeks. Such changes indicate additional pressure from increased energy production volumes by OPEC+. As OilX data shows, energy reserves are growing at the fastest pace since 2020.

After the announcement of Solana Foundation signing a memorandum of understanding with Dubai's Virtual Asset Regulatory Authority, the price of Solana showed a rise. After the SOL price fell more than 10% in the previous week, the altcoin appreciated by 4% on the back of the latest news.

Peruvian authorities forecast that the country's copper production will reach 2.8 million tons this year, which is slightly higher than last year's figure of 2.7 million tons. This increase will be driven by investments in the mining industry totaling $4.8 billion.

The US Bureau of Labor Statistics reported an unexpected rise in job openings to 7.39 million in April, exceeding forecasts of 7.10 million. The increase was driven by gains in the healthcare, professional, and business services sectors.

The May inflation rate for the 20 eurozone countries dropped below the 2% target set by the European Central Bank (ECB) to 1.9%. Reuters experts had predicted that consumer prices in the region would rise by 2% last month.

Twelve OPEC members raised oil output by 200,000 barrels per day (bpd) in May to 27.54 million bpd. Saudi Arabia accounted for about half of the increase, Bloomberg reports.

According to the latest estimates from the Organization for Economic Cooperation and Development (OECD), global GDP growth is expected to slow from 3.3% last year to 2.9% in both 2025 and 2026. In March, the organization predicted increases of 3.1% this year and 3% next year.