Gold and silver prices fell significantly in early U.S. trading due to a stronger U.S. dollar, renewed expectations of Federal Reserve rate hikes, and easing fears over oil supply disruptions. Spot gold dropped over 3% to around $3,978.80 an ounce, while silver fell more than 5% to about $58.15. The Federal Reserve's recent projections of higher interest rates and inflation have shifted market sentiment toward a higher rate environment, pressuring non-yielding assets like gold and silver. Additionally, improved conditions in the Strait of Hormuz have eased oil prices, reducing inflation concerns that typically support precious metals. Technical analysis suggests gold faces resistance near $4,100 and support around $4,000, with a break below $4,000 potentially triggering further declines. Silver's near-term trend remains downward until buyers return, with key support near $58.50 and $54.00. Investors await upcoming U.S. economic data releases for further direction.
Tribute Financial's team, led by Kevin Daniels, has joined LPL Financial's broker-dealer and RIA platform, bringing over $500 million in advisory and brokerage assets. The move highlights Tribute Financial's focus on trust, transparency, and long-ter...
Denodo Technologies was recognized as a "One to Watch" company in Snowflake's 2026 Modern Marketing Data Stack report for its role in enabling AI-driven marketing solutions through data integration. The report highlights Denodo's impact in unifying d...
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Denodo Technologies was recognized as a "One to Watch" company in Snowflake's 2026 Modern Marketing Data Stack report, highlighting its innovative AI-driven data integration and modeling solutions for marketing. As a Premier partner of Snowflake, Den...
ABI Research forecasts that industrial AI in software-defined automation will generate over $5 billion in revenue by 2035. Growth is driven by AI integration in SCADA/HMI, DCS software, Industrial PCs, and virtual controllers, enhancing flexibility a...
