The escalation of the conflict in Iraq affects commodities, with next week's Federal Reserve decision becoming the market focus.

[Chain News] PANews, June 14 - The conflict in Iran suddenly escalated on Friday. By the end of the day, commodities were the first to bear the pressure from the ongoing conflict, with WTI crude rising about 6% and a cumulative rise of over 10% this week. Spot gold surged nearly 50 dollars, strongly holding above the 3400 dollar mark, with a weekly increase of over 3.7%. In the upcoming week, multiple central banks including the United States, the United Kingdom, and Japan will hold policy meetings as the Iran conflict continues to escalate this week. Here are the key points the market will focus on in the new week:

Monday 20:30, US June New York Fed Manufacturing Index;

On Tuesday, the Bank of Japan announced the interest rate decision;

Wednesday 20:30, Initial Jobless Claims in the US for the week ending June 14;

Thursday 02:00, the Federal Reserve FOMC will announce the interest rate decision and the economic outlook summary;

On Thursday at 02:30, Federal Reserve Chairman Powell will hold a monetary policy press conference.

The monthly retail sales data from the US to be released next Tuesday will become the focus of attention. Investors hope to see whether tariffs have led to a rise in prices, thereby putting pressure on consumer spending. As the 90-day suspension period for a series of tariff measures by Trump ends on July 8, trade developments are likely to continue to make the market uneasy.