In June, gold-backed ETFs experienced significant outflows of 74.3 tonnes, worth nearly $9 billion, driven by rising interest rates and geopolitical tensions such as the US-Iran conflict. Despite this, the first half of 2024 ended positively with net inflows of 17.6 tonnes valued at $8 billion. North American ETFs led the outflows, while Asian funds had their strongest H1 ever, with India showing inflows. Analysts expect the gold market to stabilize and inflows to increase in the second half of the year amid ongoing economic and geopolitical uncertainties, supporting gold's role as a safe-haven asset.
Viking Holdings reported better-than-expected Q2 earnings with revenue up 16.5% to $2.19 billion and EPS of $1.31, beating estimates. The growth was driven by adding seven river and two ocean vessels, increasing passenger cruise days by 10.9%. Howeve...
Belden, Inc. reported a record second-quarter revenue of $750.20 million, driven by its role as a key supplier in AI infrastructure. Analysts raised the price target to $170, suggesting a potential 31.68% upside from the current price of around $129....
Director Carande has purchased 2,101 shares of United Community Banks. This insider buying may indicate confidence in the company's future prospects. Investors often view such transactions as a positive signal, potentially influencing market sentimen...
Bio-Techne reported Q4 revenues of $321.2 million, slightly surpassing estimates, but its adjusted EPS fell 1.9% year-over-year to $0.52, showing mixed financial results. The company's stock remains close to Merck KGaA's $73 per share acquisition off...
Estée Lauder reported quarterly earnings per share of $0.39, surpassing analyst estimates of $0.32, and revenue of $3.62 billion, exceeding expectations. The company showed 5% organic sales growth for the fourth consecutive quarter and raised its ful...
