23m ago
Gold edges up 0.4% as softer dollar offsets rate jitters and U.S.-Iran attacks
Spot gold rose 0.4% to $4,372.19 an ounce on Wednesday, supported by a subdued U.S. dollar. Renewed attacks between the United States and Iran, along with upcoming U.S. inflation readings, kept attention on the interest-rate outlook. Expectations of a Federal Reserve rate hike continued to cap bullion, even as concerns over dollar debasement trades and fiscal deficits lent support. Spot silver gained 0.4% to $66.00, platinum climbed 1% to $1,831.76, while palladium slipped 0.3% to $1,344.69.
23m ago
3h ago
Brent climbs to $99.49 a barrel as Iran targets U.S. assets; banks flag $120 risk
International oil prices rose for a fourth session on September 9, with Brent crude futures at $99.49 a barrel and WTI at $94.63. Iran’s Revolutionary Guards launched a fresh round of attacks on U.S. destroyers and a U.S. base in Jordan, describing the strikes as retaliation for U.S. action against Iranian oil tankers. Goldman Sachs warned crude could reach $120 a barrel if attacks on Middle East shipping intensify, while JPMorgan said each additional month of supply disruption could add $7 to $8 a barrel to Brent.
3h ago
3h ago
Gold slips as Middle East tensions stoke inflation fears; spot at $4,349.44/oz
Spot gold fell 0.1% on Wednesday to $4,349.44 per ounce, while December futures slid 1% to $4,393.30. Rising oil prices tied to the Middle East conflict have intensified inflation concerns, reinforcing expectations that the Federal Reserve will signal a rate increase this week. A Reuters poll found the Bank of England is expected to keep its 3.75% rate unchanged through mid-2027. Elsewhere, silver dipped 0.1%, platinum rose 0.6% and palladium fell 0.2%.
3h ago
3h ago
Rio Tinto shares jump 53% over 12 months as copper hits about US$6.8 per pound
Rio Tinto shares have risen 53% over the past 12 months and are up 21% year to date. Copper futures have climbed to around US$6.8 per pound from about US$4.5 roughly 12 months ago, lifting underlying EBITDA in the company’s copper business 84% to US$5.7 billion and taking it to roughly 36% to 39% of group earnings. In the first half of FY26, Rio Tinto reported a 28% increase in underlying EBITDA while the ASX 200 was broadly flat over the same period.
3h ago
3h ago
MDA Space posts Q2 revenue of $499 million as shares sit nearly 40% below 52-week high
Canadian space technology company MDA reported second-quarter revenue up nearly 34% year over year to $499 million. Revenue from its satellite systems business rose nearly 45%, driven by higher work volumes on the Telesat Lightspeed program, while its robotics and space operations segment increased about 13%. The company reported about $4 billion in backlog, and while the stock has pulled back from its recent high, it is still up about 271% over three years.
3h ago
3h ago
Trump administration criticizes Ford over alleged China technology and manufacturing ties
The Trump administration said it had “profound concern” about Ford’s alleged links to Chinese technology and manufacturing, including relationships with companies such as battery maker CATL. It also criticized Ford for delaying plans to move production of some Lincoln models from China to the United States until 2030. Ford rejected the allegations, saying a Michigan battery facility has created 1,700 jobs and that its arrangement with CATL is a limited technology-licensing deal. Experts told CNN that Chinese automakers could appear in U.S. showrooms within the next five to 10 years.
3h ago