Gold Falls for the Third Session, Oil Edges Higher | Horizons Middle East & Africa 7/01/2026
A positive start to the US-Iran talks in Doha , S&P 500 closed out its best quarter since 2020. Traders are watching for Japan’s next red line on the YEN, while oil edged higher as Middle East peace talks continued and shipping through the Strait of Hormuz recovered. The US lifted restrictions on Anthropic’s Fable 5 AI model, Donald Trump reported at least $1.5 billion in cryptocurrency earnings for 2025. In legal news, the US Supreme Court backed birthright citizenship, Susquehanna won the right to subpoena brokers in an alleged insider trading case. Thousands joined anti-migrant demonstrations across South Africa, Abu Dhabi proposed a new offshore oil pricing benchmark, and gold fell for a third consecutive session amid easing Iran tensions and uncertainty over US interest rates. ALCOA’s $5.6 billion South32 deal to capitalize on the aluminum boom, Ethiopia’s $1 billion bond rallying after a restructuring agreement, Dubai International Financial Centre continuing to attract top global talent, Emirates NBD is considering the acquisition of HSBC’s Turkey business. Guests Include Rahul Chadh, Shikhara Investment Management CIO & Founder; and George Cheveley, Ninety One Natural Resources Portfolio Manager. Stay informed with the latest global business news, financial markets, stocks, commodities, oil, gold, currencies, cryptocurrencies, and geopolitical developments from around the world.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:03:39 – Japan’s Yen Red Line
00:07:25 – Rahul Chadh, Shikhara Investment Management CIO & Founder
00:13:16 – Oil Rises on Peace Talks
00:17:26 – US lifts restrictions on Anthropic’s Fable 5
00:19:56 – Trump Reports $1.5B+ in 2025 Crypto Earnings
00:25:01 – Abu Dhabi Proposes New Offshore Oil Benchmark
00:30:50 – George Cheveley, Ninety One Natural Resources Portfolio Manager
00:37:16 – Ethiopia’s $1B bond jumps after restructuring deal
00:42:09 – Dubai’s financial center draws top tenants
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