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Gold prices drop amid rising Fed rate hike bets and looming Death Cross technical signal.

Market News
12 Jun 2026
FXEmpire
View Source
Bearish
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Gold prices are set for a second weekly loss as inflation remains high and the Federal Reserve is expected to continue raising interest rates. Despite falling crude oil prices due to potential Iran deal talks, gold remains pressured because markets anticipate further Fed tightening, with a 58% chance of a rate hike by December. Technical analysis warns of a 'Death Cross'—a bearish signal from moving averages—that could lead to deeper declines. The upcoming Fed meeting on June 16-17, the first under Chair Kevin Warsh, will be closely watched for signals on future rate moves, which could further impact gold's outlook.

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Comcast faces price target cuts amid rising competition and NBCUniversal spin-off plans

Comcast faces price target cuts amid rising competition and NBCUniversal spin-off plans

Investment banks Scotiabank and Bernstein have lowered their price targets for Comcast due to increased competition from new players like SpaceX's Starlink and valuation risks. Comcast is also undergoing a major strategic shift by spinning off its NB...

Analyst Insights
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24 minutes ago
Elevance Health beats Q2 earnings and revenue estimates, raises full-year EPS outlook.

Elevance Health beats Q2 earnings and revenue estimates, raises full-year EPS outlook.

Elevance Health reported strong Q2 2026 results with earnings per share of $7.45, surpassing analyst estimates of around $6.20. Revenue also exceeded expectations at $49.83 billion, marking consistent quarterly outperformance. The company raised its ...

Company Fundamentals
Bullish
31 minutes ago
Lotto.com appoints new COO and VP of HR to drive US digital lottery expansion

Lotto.com appoints new COO and VP of HR to drive US digital lottery expansion

Lotto.com has appointed Ruxandra Tereanu as Chief Operating Officer and Amanda Coyle as Vice President of Human Resources to strengthen its leadership team amid ongoing expansion in the US digital lottery market. Tereanu brings 13 years of experience...

Company Fundamentals
Bullish
35 minutes ago
Worldline schedules H1 2026 results call for July 30, with webcast and Q&A for analysts.

Worldline schedules H1 2026 results call for July 30, with webcast and Q&A for analysts.

Worldline has announced a conference call to discuss its H1 2026 financial results on July 30, 2026, at 6:30 pm CET. The event will be accessible via webcast, and sell-side analysts can participate in a Q&A session by pre-registering. The press relea...

Company Fundamentals
Neutral
35 minutes ago
Ipsen repurchases 28,541 shares in early July at an average price of €166.05 per share.

Ipsen repurchases 28,541 shares in early July at an average price of €166.05 per share.

Ipsen Pharma conducted a share buy-back program from July 6 to July 10, 2026, repurchasing a total of 28,541 shares. The average purchase price during this period was €166.05 per share. This buy-back activity reflects Ipsen's strategy to manage its c...

Company Fundamentals
Neutral
35 minutes ago
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