Gold and silver suffered steep losses as rising oil prices, Hormuz shipping disruptions and expectations for restrictive Federal Reserve policy overwhelmed support from falling Treasury yields and mounting instability in technology shares.
Chris Mancini says inflation, energy costs and restrictive Federal Reserve policy are postponing gold’s move toward $5,000, while disciplined mining companies remain undervalued despite strong cash generation and the potential for larger shareholder dividends.
Gold surrendered its entire summer rally as prices approached $4,000 support, while conflicting moves in the dollar, yen and bond yields left analyst Jesse Columbo weighing technology stock liquidations against a possible yen intervention.
Auspice Capital’s Tim Pickering favors diversified commodity exposure over gold and silver as inflation protection, arguing that powerful demand forces, constrained production and capital rotating across raw materials could sustain a supercycle lasting more than two decades.
HSBC says gold remains supported by debt concerns, central bank demand and ETF inflows, but recent trading exposed its weakness as a short term shield against falling equities, reinforcing the case for broader portfolio diversification.
Gold and silver sank as attacks around the Strait of Hormuz lifted crude prices, fueled inflation concerns and reinforced expectations for further Federal Reserve tightening despite falling Treasury yields and worsening global risk sentiment.
Kevin O’Leary is urging Americans to prioritize stable income and freedom from debt before buying a home, warning that floating mortgage rates can punish borrowers as cancellations rise and housing affordability remains near historic lows.
American Express posted adjusted earnings of $4.68 per share, beating consensus, but quarterly revenue of $20.06 billion fell 0.34% short. With shares down 12.1% this year, investors now await estimate revisions and management commentary.
Norway’s banking lobby says several clients spent large sums on gold and left it outdoors after promises of safekeeping and rising value, as lenders report 962 million kroner in fraud losses last year.
SpaceX’s Boring Co. stake generated a $561 million unrealized quarterly gain, accounting for more than half of other income as Musk’s companies deepened financial ties and opened discussions about a potential SpaceX and Tesla combination.
Procter & Gamble added more than $20 billion in market value after reporting 4% sales growth, but its roughly 22 times earnings valuation shows investors are paying a steep premium for predictability as technology shares stumble.
Apple is within less than 1% of Nvidia’s market value as the chip giant’s shares retreat and investors question the artificial intelligence trade, putting the iPhone maker within reach of the global corporate crown.
Nvidia CEO Jensen Huang’s first Kazakhstan visit spotlights the country’s sweeping AI ambitions, including billions in planned infrastructure investment, expanding data center capacity and growing commitments from Nvidia, Firebird, Higgsfield and GK Hyperscale.
Meta’s new stock structure could help Mark Zuckerberg meet a potential Proposition 40 tax bill while retaining majority voting control, as he commits to eight more years in California and the state’s wealth tax fight approaches Election Day.
Moderna lost as much as 25% despite meaningful cancer vaccine results, as towering investor expectations overshadowed a 42% reduction in recurrence or death risk and strong survival without recurrence among patients receiving the treatment with Keytruda.
Volvo Cars shares sank 26% as collapsing China revenue, U.S. pressures and a 5.6 billion Swedish kronor operating loss pushed the automaker toward 2,500 job cuts and a sweeping regional overhaul.