Gold prices held steady near $4,327 an ounce while silver rose slightly amid mixed market forces. Renewed tensions in the Middle East supported safe-haven demand, but stronger US jobs data and expectations of higher interest rates capped gains. The US added 172,000 jobs in May, keeping unemployment steady at 4.3%, which pressured non-yielding metals like gold. Investors now await upcoming US inflation data (CPI and PPI) for further direction. Oil prices remain elevated due to geopolitical risks, influencing rate expectations and gold's outlook. Technical levels suggest gold could test resistance near $4,350-$4,370 or fall below support at $4,300, while silver eyes a move above $70 or a drop below $65.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
