Gold and silver prices fell sharply following a stronger-than-expected US jobs report showing 172,000 new nonfarm jobs added in May and steady unemployment at 4.3%. The strong labor market data increased expectations that the Federal Reserve will maintain high interest rates, which raises the cost of holding precious metals. Additionally, a stronger US dollar contributed to the decline, with gold dropping over 2.5% to around $4,388 and silver tumbling more than 6% to about $69. This marks the lowest prices for both metals since March, reversing gains made earlier in the year when prices surged due to rate cuts and geopolitical tensions. Investors will watch upcoming Fed signals and economic data for clues on future metals prices.
Japanese software firm Micware, through its subsidiary Micware Navigations, has partnered with Wiz Ltd. to offer cloud and AI security solutions leveraging Wiz's platform. This initiative addresses growing security complexities in AI and cloud enviro...
Pandora announced that CFO Anders Boyer will retire on November 30, 2026, after over 14 years with the company. Paulo Garcia, with 25 years of international experience in consumer goods and former CFO of Walmart Mexico & Central America, will join Pa...
RENK Group AG reported a record order intake of around €1.2 billion in the first half of 2026, a 29.7% increase from the previous year, driven by strong demand in defense. Revenue rose slightly by 2.7% to €637.2 million, while adjusted EBIT grew by 1...
RENK Group AG reported a record €1.2 billion in orders for the first half of 2026, a 29.7% increase from the previous year, driven by strong demand in defense. The company achieved its highest-ever quarterly order intake of €612.8 million in Q2, with...
Mowi ASA will present its second quarter 2026 financial results on August 18, 2026, at 08:00 CET in Oslo, Norway. The presentation will be conducted in English and streamed live online, followed by a Q&A session allowing participants to submit questi...
