Gold prices retreated after a strong rebound, influenced by rising oil prices and escalating tensions in the Middle East following President Trump's hawkish remarks on Iran. The U.S. plans to intensify strikes against Iran, while Iran warns of severe retaliation, fueling market concerns about a prolonged conflict. This geopolitical uncertainty boosted the U.S. dollar and pressured gold and other precious metals, which are currently seen as riskier assets. Meanwhile, silver prices fell due to higher energy costs and risk aversion, and platinum gained despite oil price surges, supported by a physical market deficit. Gold is attempting to stabilize above key resistance levels, with potential for further gains if it holds, while silver and platinum show mixed technical signals amid ongoing market volatility.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
XRP surged about 4% to $1.11 following a broader crypto market rebound triggered by softer U.S. inflation data. Technical signals suggest a bullish inverse head and shoulders pattern, with potential for a 20% price increase if XRP breaks the $1.12–$1...
Revolut has received preliminary approval from Dubai's Virtual Assets Regulatory Authority to offer cryptocurrency services in the UAE, including broker-dealer, asset management, and exchange functions. This approval allows UAE customers to trade and...
Rotork PLC has accepted a £4.1 billion takeover bid from Swiss engineering group ABB, offering shareholders 506p per share, a 73% premium over the previous closing price. The acquisition will enhance ABB's industrial automation business by adding Rot...
Alexandria Real Estate Equities (ARE) is struggling with oversupply and vacancy rates exceeding 30% in key life science markets like Boston, San Francisco, and San Diego. This has caused an 80% decline in its stock price from its peak. The company's ...
