Gold prices fell to $4,325.50 an ounce, breaching key levels that could prompt a bearish outlook if prices close below $4,350. This drop reflects broader market concerns about rising bond yields and oil prices, which increase inflation fears and the likelihood of Federal Reserve rate hikes. Strategist Phil Streible suggests that current inflation is driven by supply shocks rather than demand, making rate hikes potentially harmful. The upcoming Fed meeting on Sept. 15-16 is critical, with expectations of a rate increase that Streible believes could be a policy mistake, possibly leading to future rate cuts. Meanwhile, silver and other precious metals also declined amid these market pressures.
Partners Group reported a 13% decline in first-half 2026 profit to CHF 502 million, driven by a 39% drop in performance income despite a 6% rise in management income. Revenue fell 7% to CHF 1.12 billion, affected by weaker performance income and curr...
Bunzl PLC reported stronger-than-expected financial results with an EPS of $0.60, surpassing the $0.56 consensus. Revenue reached $8.04 billion, driven by a 3.2% underlying growth, especially in North America. The operating margin improved to 7.3%, p...
Palo Alto Networks is set to report strong earnings per share (EPS) of $0.98 and revenue of $3.35 billion for the upcoming quarter, reflecting significant growth from last year. Investor optimism is driven by robust cybersecurity sector trends and a ...
Medtronic reported Q3 earnings per share of $1.45, surpassing estimates of $1.39, and revenue of $9.76 billion, above the $9.55 billion consensus. The strong financial results reflect broad demand for its cardiovascular devices. The company raised it...
Dell Technologies is expected to report record second-quarter earnings with EPS around $4.91 and revenue near $44.89 billion, fueled by high demand for its AI-optimized servers. This would mark a significant increase from last year's $29.78 billion a...
