Gold Market - Gold prices dropped significantly, with a decline of over $30, as geopolitical risks decreased and market focus shifted to the Federal Reserve's monetary policy [1] - President Trump criticized Fed Chairman Powell, calling him "terrible," and indicated he is considering three to four candidates for the Fed chair position, which may affect market confidence in the dollar [1] - Since Trump's presidency, the dollar index has fallen over 11%, despite the Fed not cutting interest rates, raising concerns about Trump's potential impact on the U.S. economy and institutions [1] - Market strategist Peng Cheng noted that while Powell remains in his position, Trump's pressure on the Fed raises doubts about its independence, potentially diminishing trust in the dollar [1] - Technically, gold's daily chart shows a small bearish candle, breaking below mid-term moving average support, with a potential short-term rebound expected [1] Oil Market - Oil prices remained stable with minimal fluctuations, but a lack of buying pressure suggests significant upward resistance [2] - Investors should monitor three potential risks: OPEC+ production increase plans, shipping safety in the Strait of Hormuz, and U.S.-EU tariff negotiations [2] - OPEC+ has been increasing production since April, with June's output expected to rise by 411,000 barrels per day, maintaining the same increase as May [2] - The IEA forecasts a global oil supply surplus by 2025, even if OPEC+ maintains current production levels [2] - Geopolitical risks in the Strait of Hormuz have decreased, with positive signals from Iran and Israel regarding conflict resolution [2] - The outlook for U.S.-EU trade negotiations is pessimistic, with the EU preparing for various scenarios, including a potential breakdown in talks, which could negatively impact the global economy [2] - Technically, oil's daily chart shows a small bullish candle, indicating a correction from previous declines, with a focus on the $66.60 resistance level [2] Copper Market - Copper prices experienced a significant increase, forming a breakout from a trading range, with a high probability of reaching new highs in the short term [3] - The 1-hour chart indicates an upward continuation pattern, with attention on the $5 support level [3] Nikkei 225 - The Nikkei 225 index has shown strong bullish momentum, but there is a risk of overextension [5] - The 4-hour chart suggests that the structure is nearing completion, with prices being significantly overbought, indicating a potential for a pullback [5] - Short-term focus should be on the resistance level around 40,400 [5]