Gold prices rose more than 1% on Wednesday as a weaker dollar and falling bond yields boosted sentiment. Gold prices climbed back over $5,100 per ounce, while silver rose more than 4% as investors digested key employment data from the US. Meanwhile, oil prices also jumped more than 2%, with Brent hitting $70 per barrel
US equities moved higher on Wednesday after a stronger-than-expected January jobs report eased concerns about slowing economic momentum and reinforced confidence in the resilience of the labour market. The Dow Jones Industrial Average rose 207 points, or about 0.4%. The S&P 500 gained 0.6%, while the Nasdaq Composite advanced 0.8%, as investors responded positively to
Reddit stock (NYSE: RDDT) is once again drawing attention on Wall Street. After spending much of last year under a cloud of doubt over growth and monetisation, the social platform is seeing sentiment turn. This time, the shift is being driven less by hype and more by something investors care deeply about: clear signs that
Agibank, the second Brazilian fintech to access US capital markets in recent weeks, announced on Wednesday that it had raised $240 million in its New York IPO. In contrast to the most recent marketing range of $12 to $13 per share, the São Paulo-based digital bank sold 20 million shares for $12 apiece during its
Cloudflare stock price surged by over 15% in the extended hours after the tech giant released strong financial results and boosted its guidance amid the ongoing AI demand. NET jumped to $208, up sharply from the year-to-date low of $160. So, will this surge continue? CloudFlare reported strong financial results CloudFlare is one of the
Unity Software (NYSE: U) cratered another 30% in premarket today after the game software firm came in ahead of Q4 estimates but disappointed investors with a tepid current quarter guidance. In its earnings release, the company guided for $485 million in revenue – well below $494 million that analysts had called for – shattering hopes
Renewed geopolitical tensions between the US and Iran pushed gold prices higher on Wednesday, extending the yellow metal’s recent upward trend. This safe-haven buying contributed to the gains, following gold’s previous session, which marked its best single day since 2008. The already escalating tensions between the US and Iran witnessed a direct confrontation in the
Asian markets traded mostly lower on Wednesday, tracking a broad sell-off in US technology stocks overnight, while gold extended gains for a second session. Investor sentiment across the region was weighed down by losses in global tech, fresh uncertainty around artificial intelligence disruption, and a series of policy and legal developments in the United States.
Bitcoin’s latest slide is no longer confined to crypto markets. It is starting to surface in places investors often treat as separate, including gold and silver. Hedge fund manager Michael Burry, writing in a recent Substack post, says the downturn in Bitcoin has triggered forced selling across tokenised precious metals, as traders and treasury managers
Gold and silver are bouncing back after experiencing one of the sharpest corrections in precious metals in more than a decade. While short-term volatility is expected to remain high as markets adjust to recent moves, analysts suggest the recent sell-off is likely a correction, not a fundamental reversal, unless macro conditions materially change, ING Group’s