Spot gold and silver prices fell on Wednesday after hotter-than-expected inflation data (PCE) pushed U.S. Treasury yields higher and strengthened the U.S. dollar. This led to profit-taking in precious metals ahead of Nvidia's earnings report and the upcoming Jackson Hole speech. Gold traded near $4,591.70 an ounce, down 1.42%, while silver was at $68.00, down 0.78%. The inflation data raised concerns about further Federal Reserve rate hikes, causing bond yields to rise and reducing safe-haven demand for metals. Oil prices declined slightly amid talks of reopening the Strait of Hormuz, easing geopolitical tensions. Market focus remains on inflation trends, geopolitical risks, and upcoming economic events that will influence metals and broader markets.
Cybersecurity stocks rallied strongly following better-than-expected Q2 2027 earnings reports from Okta and CrowdStrike. Okta's shares jumped 22% after reporting $805 million in revenue and positioning itself as a key security layer for AI agents, wh...
Ethena's ENA token surged about 25% since Aug. 21, peaking near $0.18 on Aug. 23 before pulling back to around $0.147 amid profit-taking. The rally was driven by a new $1 billion secured lending facility with FalconX, enabling institutional loans bac...
Target reported a strong Q2 fiscal 2027 with 5.27% revenue growth and rising store traffic, driving a 78% share price increase in 2025. Despite this, Wall Street remains skeptical, with many analysts holding or selling the stock. The company raised i...
Blast Resources Inc. has appointed Andy Yackulic, a seasoned uranium exploration executive with over 20 years of experience, to its board of directors. Yackulic's expertise, including leadership roles at Denison Mines and Cameco, is expected to enhan...
Lunai Bioworks, an AI-driven precision medicine company, filed a Second Amended Complaint in U.S. District Court accusing six registered broker-dealers and two principals of securities fraud and market manipulation. This legal action expands the list...
