Gold prices rose on Friday after the release of the US inflation data, which ignited fresh hopes for an interest rate cut by the Federal Reserve next week. Silver surged more than 3%, tracking gains in gold as a rate cut next week seemed imminent. Lower rates boost demand for unyielding assets such as gold
The oilfield services (OFS) sector is undergoing a profound transformation as digital innovation emerges as a defining force, creating new opportunities for sustained, long-term growth amid shifting market conditions. A new forecast from Rystad Energy suggests the oil and gas industry could realise savings exceeding $320 billion over the next five years by deepening the
China’s transformation into a renewable energy juggernaut over the last decade is nothing short of astonishing. Over the past decade, the People’s Republic has not only slashed its air pollution but also vaulted to the forefront of global clean energy production. This shift is driven by a potent mix of top-down policy, massive state investment,
The US shale sector is anticipating a new round of M&A-driven consolidation among small- and medium-sized producers. This trend is mainly fueled by the desire for increased scale in an increasingly competitive deal-making landscape, Rystad Energy said in its latest report. For Exploration & Production (E&P) companies aiming for strong business valuations, scale and efficiency
Gold prices edged down ahead of the interest rate decision by the US Federal Reserve later on Wednesday. Meanwhile, silver prices extended its record-breaking rally above the $61 per ounce mark on robust industrial demand and declining inventories. Oil prices were largely steady as investors waited for the outcome of the US Fed’s two-day policy
European defense stocks are climbing again as Germany moves closer to approving a substantial increase in defense expenditure, a shift that analysts say could pave the way for further gains across the sector. After several weeks of pressure driven by optimism around a potential ceasefire in Ukraine, the latest signals from Berlin and fresh analysis
Zcash, the privacy-focused cryptocurrency, has unveiled a new proposal for a dynamic fee system designed to prevent soaring transaction costs from pricing users out of the network. The proposal, issued by research group Shielded Labs, addresses growing concerns over rising fees as Zcash experiences increased usage and network congestion. Zcash moving beyond fixed fees Since
Tilray stock price has slumped in the past few weeks, moving from a high of $23.15 on October 9 to $7.20 today. This crash may accelerate in the coming weeks as a death cross pattern nears. Tilray stock price technical analysis The daily timeframe chart shows that the Tilray Brands stock price has been in
Costco stock price has come under pressure in the past few months, moving from a high of $1,073 in February to the current $887, a 17% drop. It has dropped by 10.1% in the last 12months, underperforming the SPDR S&P Retail ETF (XRT), which has risen by 4%. Walmart stock has jumped by almost 24%
China is preparing to tighten access to Nvidia’s H200 chips even as the technology edges closer to returning to the local market. As per a Financial Times reports, officials in Beijing are reviewing how the processor should be used at a time when the country is pushing to reduce dependence on foreign suppliers and build