Gold and silver prices rose sharply following a disappointing US July jobs report that showed a decline in nonfarm payrolls by 23,000 and a steady unemployment rate of 4.1%. This weaker labor data reduced expectations for further Federal Reserve rate hikes, causing Treasury yields to fall and the US dollar to weaken. As a result, investors moved towards precious metals, pushing spot gold to around $4,340.60 per ounce and silver to $63.35. The softer dollar and lower yields support gold prices, while geopolitical risks and crude oil prices add some volatility. The market will watch for gold to break resistance levels near $4,360 to $4,380 for further gains, with downside support around $4,300.
ZIM Integrated Shipping Services is at a critical point as the Israeli government evaluates Hapag-Lloyd's acquisition offer of $35 per share. ZIM's use of LNG-powered vessels and strong exposure to Pacific and Latin American routes supports robust pr...
Fastly reported record Q2 2026 revenue of $183.3 million, up 23% year-over-year, and non-GAAP EPS of $0.15, both exceeding analyst expectations. The company raised its 2026 revenue guidance to $739 million and EPS to $0.52, citing improved operating ...
Solana has launched the Alpenglow upgrade on its public test network, aiming to reduce transaction finality time from about 13 seconds to 0.15 seconds. This upgrade replaces the current TowerBFT consensus with a new voting protocol called Votor, enab...
Bitcoin is on track to achieve a rare three-month winning streak from July to September, a feat last seen in 2012. The cryptocurrency rose 4.8% in July, 25.2% in August, and is currently up 10.9% in September, trading around $86,140. In 2012, a simil...
Eutelsat Communications S.A. shares have fallen over 25% despite a 69.5% surge in low Earth orbit (LEO) revenue, which now accounts for 25% of the group's total revenue. The company raised capital to strengthen its balance sheet but continues to face...
