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Gold Heads for Biggest Weekly Gain Since January as Rate Hike Odds Recede Ahead of US Jobs Report

Gold gained more than 1% on Friday and was on track for its biggest weekly rise since January, as expectations for a Federal Reserve rate hike receded and inflation worries tied to the US-Iran conflict eased. Spot gold was up 1.6% at $4,308.92 per …

Nitish Kishor | 07 August 2026

Iran's Top Negotiator Accuses Trump of Theater Diplomacy as Hormuz Traffic Nears Standstill and Saudi Arabia Braces for Attacks

Iran's chief negotiator accused President Trump of staging "theater diplomacy" on Thursday, as Washington and Tehran continued to offer sharply conflicting accounts of their bilateral engagement aimed at ending months-long hostilities. Mohammad Bagher Ghalibaf, Iran's parliament speaker and top negotiator, wrote on social media …

Nitish Kishor | 07 August 2026

US Job Growth Likely Picked Up in July as Labor Market Remains Steady Ahead of Fed's September Decision

US job growth likely picked up in July, offering reassurance that the labor market remained resilient and allowing the Fed to maintain its focus on inflation. Friday's report is expected to show unemployment unchanged at 4.2%, even as labor force participation rebounds after falling …

Nitish Kishor | 07 August 2026

Oil Rises as Iran's Restrictive Hormuz Draft Plan Compounds Ukrainian Refinery Strikes and Saudi Crude Collapse

Oil prices rose Friday amid worries over supply disruptions after Iran published a restrictive draft plan governing traffic through the Strait of Hormuz. Brent crude futures for October delivery gained 1.25% to $83.52 a barrel, while US West Texas Intermediate futures for September advanced …

Nitish Kishor | 07 August 2026

US Sector Performance Analysis: Energy Leads as Most Sectors Retreat on 6 August 2026

The US equity market displayed a broadly negative sector performance on 6 August 2026, with Energy providing the strongest leadership while most other sectors moved lower. The 1.48% gain in Energy stood out against declines across cyclical sectors including Materials, Industrials, Real Estate and …

Robert Luong | 06 August 2026

US Sector Momentum Update: Industrials and Materials Lead While Technology and Consumer Discretionary Improve

The latest Relative Rotation Graph (RRG) for 7 August 2026 indicates a mixed but increasingly selective rotation across the US equity market. Industrials and Materials continue to establish leadership, while Technology and Consumer Discretionary are showing improving relative momentum. At the same time, Health …

Robert Luong | 06 August 2026

American Airlines (NASDAQ:AAL) Ends Free Coach-to-Business Upgrades on Select Transcontinental and Hawaii Routes

American Airlines (NASDAQ:AAL) will stop putting elite frequent flyers on the waitlist for a complimentary upgrade directly from coach to business class on select transcontinental and Hawaii routes, effective August 25. Instead, those travelers will be placed on the list for a complimentary upgrade …

Nitish Kishor | 06 August 2026

Salmonella Outbreak Tied to Jalapeno Peppers Sickens 345 People Across 27 States, Hits Chipotle (NYSE:CMG) Shares

The Centers for Disease Control and Prevention and the Food and Drug Administration are investigating a multistate Salmonella outbreak linked to jalapeno peppers that has sickened 345 people across 27 states. Health officials reported 36 hospitalizations and no deaths as of August 5, with …

Nitish Kishor | 06 August 2026

Copper Hits Record High as DR Congo Export Ban and Supply Disruptions Overshadow Mixed Growth Signals

Copper futures climbed to around $6.90 a pound Thursday, a new record, before retreating to end the session lower after touching the high. The rally extends a run in a metal used across construction, electronics, transportation, and increasingly artificial intelligence infrastructure. Historically, copper prices …

Nitish Kishor | 06 August 2026

S&P 500 Falls as Oil Jumps on Iran's Restrictive Hormuz Draft Plan, Salesforce and Chip Stocks Weigh on Dow and Nasdaq

The S&P 500 fell Thursday as investors weighed developments in the Middle East alongside a heavy slate of corporate earnings. The broad market index lost 0.18% to close at 7,709.96, while the Nasdaq Composite declined 0.06% to 26,348.35. The Dow Jones Industrial Average fell …

Nitish Kishor | 06 August 2026
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