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Gold has snapped a two-day losing streak early Tuesday, staging a decent comeback toward $4,450 after finding strong buyers below the $4,400 level.  Gold looks north as Japanese Yen keeps surgingGold is looking to resume its recovery from four-week lows of $4,283 hit last week, capitalizing on sustained US Dollar weakness across the board.The US Dollar sits at two-week lows against its six major peers, as the ongoing USD/JPY sell-off counters hawkish bets around the US Federal Reserve’s (Fed) interest rate outlook and Iran’s retaliation warnings.The Japanese Yen (JPY) extends its rally to seven-month highs versus the Greenback after Japan’s wage…

XAU/USD Current Price: $4,398The Middle East conflict keeps financial markets in risk-averse mode.Investors bet the US Federal Reserve will hike interest rates in September. XAU/USD is trading range-bound, although the risk skews to the downside.Gold attempt to regain its bullish momentum faltered around $4,700, with the precious metal now struggling to retain the $4,400 mark. The XAU/USD pair peaked in late August amid reduced speculation that the United States (US) Federal Reserve (Fed) would hike interest rates in September.Risk-related trading has dominated financial markets for most of this year, with the main focus on Oil price movements and their impact…

GBP/USD trades just under 1.3550 after a session that spanned 40 pips and returned two-tenths of a pip. The Bank of England (BoE) sent four Monetary Policy Committee (MPC) members to the Treasury Committee on Tuesday afternoon, and the hawkish score attached to the testimony on the economic calendar read 7.2 against a 6.0 average. The Pound’s answer was to go back where it started. Sterling is not being paid for British rate expectations at the moment, and Friday’s American inflation print is the reason.A hearing about a report the market traded in AugustThe session covered the July Monetary Policy…

Japanese brewer Sapporo says it will move some beer production from Canada to the US after new tariffs on Canadian beer took effect on Tuesday. The move follows the introduction of a 50% tariff on beer imported from Canada. For companies shipping beer across the border, that means significantly higher costs. Chief strategy officer Rieko Shofu described tariffs as “something out of our control,” telling Bloomberg that the beer giant would “move ahead with local production.” Sapporo did not immediately respond to the BBC’s request for comment. The company plans to shift production of its non-alcoholic beer, currently made in…

OpenAI says it has found a solution to a decades-old advanced maths problem in a matter of hours using a new artificial intelligence (AI) model and thousands of AI bots.The ChatGPT-maker said on Tuesday, external that by focusing a group of roughly 10,000 AI agents, or AI bots that undertake tasks somewhat autonomously, it solved a notoriously difficult maths problem in just 88 hours.The problem was part of the Navier-Stokes equations, external, which concern how fluids move. For 90 years important aspects of the problems have lacked a proof, the argument underlying a correct math equation.OpenAI called the solution which…

Scotiabank strategists Shaun Osborne and Eric Theoret highlight a mixed US Dollar (USD) as markets weigh rising Oil prices, Japanese Yen (JPY) strength, and escalating US trade tensions. They underscore growing political pressure on the Federal Reserve (Fed) to cut rates, even as swaps still price around a 60% chance of a 25 bps hike at the September meeting, with upcoming United States (US) Producer Price Index (PPI) and Consumer Price Index (CPI) data seen as decisive for policy.Fed path and trade tensions key”The USD is mixed as markets mull rising oil prices—Brent is nearing $100 following attacks on Saudi…

Key PointsGold mining is supposed to be a boring business. Dig rock out of the ground, sell it, repeat.SSR Mining (NASDAQ: SSRM) turned that sleepy venture into one of the market’s hottest trades in August, with shares surging 45.3%, according to data provided by S&P Global Market Intelligence.Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »Two things drove the gold stock higher. Image…

At a surface level, Petco Health and Wellness (NASDAQ: WOOF) looks like a company that would be a solid defensive stock for times like these.  Data from the American Pet Products Association forecasts that Americans will spend $165 billion on their pets in 2026, an increase of 4.4% from 2025. That low single-digit growth didn’t show up in WOOF’s latest revenue numbers, which were flat year over year (YOY). But does that justify a 4% drop in the company’s stock price?  The report had some positives, and even more importantly, the market has been pricing the stock for failure for so long that it may be setting up an opportunity for risk-tolerant investors. The Good…

Paris-based generative AI startup Mistral AI said Tuesday that it has nearly doubled its valuation to more than $24 billion with a $3.5 billion Series D fundraise. Samsung Electronics led the round, with participation from co-leads Scaleup Europe Fund, managed by EQT, and existing investor PSG Equity. The financing comes nearly one year to the day after Mistral’s $2 billion Series C, which valued the company at $13.7 billion. Mistral has now raised $7.5 billion since its 2023 inception. Mistral’s new raise means it retains its spot as the most highly valued foundation model company out of Europe. There are…

The Trump administration has been trying to build up the U.S. battery supply chain and reduce its reliance on China. But the funding it has set aside for the effort is small compared with what would be needed to substantially loosen China’s grip on the industry, according to analysts and executives who spoke with CNBC. The Department of Energy awarded $500 million this August to seven companies related to battery minerals or materials, manufacturing or recycling. It is part of a much larger push by the administration to secure critical minerals and other materials. It also follows the cancellation of many…