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.
Corbin Advisors' Q2 2026 survey shows industrial investor sentiment at its highest in five years, with 84% of participants bullish or neutral-to-bullish due to strong order momentum and demand from data centers and AI sectors. Expectations for Q2 rev...
IPG Photonics announced a binding offer to acquire Lumibird Medical for €300 million, with an additional earnout of up to €50 million based on performance. This acquisition will expand IPG's Advanced Solutions portfolio in medical lasers, particularl...
Constellation Software Inc. announced it will hold a conference call and live webcast on August 12, 2026, at 8:00 a.m. ET to discuss its second quarter results. The company will release its quarterly earnings after the Toronto Stock Exchange closes o...
Morgan Stanley increased its price target for United Airlines to $190, suggesting nearly 60% upside from the current price of $118.81. The airline's stock has surged 235% since October 2023, driven by a strong rebound in international travel and rais...
Citizens Financial Group reported a strong Q2 performance with earnings per share of $1.30, surpassing estimates by 4% and marking a 41% increase year-over-year. The bank also posted revenue of $2.28 billion, beating expectations and continuing a fou...
