Gold prices declined for the third consecutive week, dropping to around $4,156 due to a stronger U.S. dollar and expectations of Federal Reserve rate hikes. Despite a midweek rally sparked by easing U.S.-Iran tensions, the Fed's hawkish signals and rising inflation data pushed gold down, extending its June losses to about 8.5%. Analysts remain divided, with some viewing the pullback as a normal correction and others lowering year-end targets. Notably, investors like Lawrence Lepard remain bullish on gold and Bitcoin, citing long-term debt concerns and digital scarcity, with Bitcoin potentially reaching $1 million in the future. Market watchers will focus on upcoming inflation, jobs data, and Fed commentary for further direction.
A preliminary peace framework between the U.S. and Iran has driven crude oil prices to their lowest in over three months, falling below $80 per barrel, and gasoline prices have dropped about 30% in two months. This deal, still under negotiation with ...
The Health Care Select Sector SPDR ETF (XLV) is down about 3% year-to-date despite a 14% gain over the past year. The fund's performance hinges on drug pricing policies and key product pricing, especially from Eli Lilly, which dominates XLV with its ...
XRP is trading near $1.14, balancing ETF inflows and reduced exchange reserves against whale selling and short-term price weakness. Despite a 16% drop over 30 days, institutional demand through XRP ETFs remains strong, with net inflows exceeding $10 ...
Andrew Murstein, a key figure in New York's taxi industry, signed an 11-year lease to move Medallion Financial Corp. to 9,000 sq ft at 667 Madison Ave, joining other prestigious tenants. The building, owned by Leonard Stern's Hartz Group, features re...
Value investor Tobias Carlisle argues Adobe's stock is undervalued, trading at a forward P/E of 8 and a PEG of 0.53, despite a nearly 50% drop over the past year. He highlights Adobe's strong Q2 FY2026 results, including record revenue and significan...
