In May, central banks significantly increased their gold purchases, with net buying reaching 41 tonnes, the second-highest this year after February. Poland led the buyers with 18 tonnes, followed by China with 10 tonnes, while Uzbekistan, Kazakhstan, and Singapore also made notable purchases. Despite recent gold price declines due to geopolitical tensions, most central bankers remain optimistic about increasing gold reserves, with 89% expecting global reserves to grow in the next year. This trend highlights continued confidence in gold as a strategic reserve asset amid global uncertainties.
The paper company reported Q1 EBITDA slightly above expectations despite weather disruptions, supported by lower industry supply, declining imports, price increases, and better utilization rates. Conservative recovery assumptions estimate an adjusted...
MediaAlpha reported Q1 revenue of $310 million and adjusted EBITDA of $31.4 million, surpassing guidance due to increased participation from insurance carriers and strong growth in property and casualty (P&C) insurance. The company now generates 93% ...
French President Emmanuel Macron and Indian Prime Minister Narendra Modi are actively courting major tech CEOs to secure investments in AI data centers, cloud infrastructure, and semiconductor development. Macron successfully persuaded SoftBank to in...
XRP rose over 5% as traders focused on Ripple's expanding cross-border payments network and improving regulatory outlook in the U.S. Despite some resistance near $1.20, XRP's short-term momentum is positive with growing adoption expectations for the ...
Solana (SOL) is testing a key resistance level near $82, a critical point that could determine if its recent rebound turns into a sustained breakout or falls back into consolidation. The token has gained nearly 15% this week after bouncing from mid-$...
