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Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Russian stocks closed higher on Saturday, driven by gains in the Oil & Gas, Power, and Telecom sectors. The MOEX Russia Index rose 2.10% to end the session on a strong note.
Top performers included NOVATEK PJSC (MCX:NVTK), which surged 5.25% to 1,314.60, IPJSC YANDEX (MCX:YDEX) up 1.83% to 4,371.50, and Gazprom PJSC (MCX:GAZP) gaining 1.68% to close at 152.76. Meanwhile, Unipro PJSC (MCX:UPRO) slipped 0.63% to 1.89, AFK Sistema PJSC (MCX:AFKS) declined 0.51% to 16.08, and Moskovskaya Birzha PJSC (MCX:MOEX) fell 0.41% to 207.16.
Market breadth was positive, with 69 stocks advancing, 26 declining, and 3 remaining unchanged on the Moscow Exchange. The Russian Volatility Index (RVI), which tracks market sentiment, dropped 2.21% to 53.44, indicating easing investor concerns.
In commodities, Gold Futures for June delivery fell 1.50% to $3,298.40 a troy ounce. However, oil prices edged higher, with June Crude oil futures rising 0.37% to $63.02 per barrel and June Brent oil gaining 0.48% to $66.87.
Currency markets also reflected broader optimism. The USD/RUB pair fell 0.69% to 82.62, and the EUR/RUB slid 0.91% to 93.89. Meanwhile, the US Dollar Index Futures ticked up 0.09% to 99.25.
Russia’s stock market continues to show resilience amid global commodity movements, with energy and tech stocks leading the charge.
