Goldman Downgrades Booz Allen Hamilton To ‘Sell’ Amid DOGE Contract Cancellations
Goldman Downgrades Booz Allen Hamilton To ‘Sell’ Amid DOGE Contract Cancellations Management consulting firm Booz Allen quietly evolved into a government-wide contracting behemoth over the past few decades. By 2024, an astounding 98% of its revenue came directly from government agencies. Now, enter the DOGE era: Goldman analysts have downgraded Booz Allen from “Neutral” to […]
Gold Prices Climb Ahead of Fed Minutes and Economic Data
Spot gold prices ticked up as traders sought bargains after Tuesday’s drop, with markets bracing for the Federal Reserve’s meeting minutes. Gold gained 26% this year and hit record highs in April, bolstered by global trade tensions and central bank buying. Goldman Sachs highlighted gold’s appeal amid U.S. economic uncertainty,…
Gold Rebounds Amid Strong U.S. Data and Trade Talk Uncertainties
Gold prices experienced a modest rebound on May 28, 2025, following a previous decline, as investors weighed positive U.S. economic data against ongoing trade discussions. The U.S. dollar strengthened, bolstered by robust consumer confidence figures, while global markets remained cautious ahead of upcoming job reports and Nvidia’s earnings. Despite initial…
Swiss Gold Imports from U.S. Soar to 12-Year High
Swiss gold imports from the U.S. jumped to a record 63 metric tons in April, marking the highest level since 2012, thanks to the exclusion of precious metals from U.S. import tariffs. Although Switzerland’s total gold exports fell by 31% month-on-month, deliveries to India and China increased slightly. Some gold…
Citi Sees Gold at $3,500 as Americans Boost Holdings
Citi has reaffirmed its short-term gold price target at $3,500 per ounce, citing rising tariffs and geopolitical risks as key drivers. The bank has raised its gold price estimate from $3,000–$3,300 to a range of $3,100–$3,500, even as it maintains a cautious long-term outlook. Citi predicts gold prices will consolidate…
Trump’s Tariff Threats Could Drive Gold to New Highs
Gold prices climbed to new highs following President Trump’s threats to impose hefty tariffs on the EU and Apple, fueling investor demand for the precious metal. Gold futures settled at $3,363.60 per ounce, up 2.2%, with analysts noting global spending on gold has hit a 50-year peak. Miners are seeing…
Harmony Gold Buys Mac Copper for $1 Billion to Expand into Copper
Harmony Gold, South Africa’s leading gold producer, has announced a $1.03 billion cash deal to acquire Australia’s Mac Copper Ltd. This acquisition, offering a 20.7% premium to Mac Copper’s share price, gives Harmony control of the producing CSA Copper mine in New South Wales, which generated 41,000 tons of copper…
Gold Retreats as Trump Reinstates EU Trade Talks Deadline
Gold prices continued to fall for the second day, dropping over 1%, as the US dollar rebounded and President Trump’s softened trade stance with the EU reduced demand for gold. The dollar’s 0.3% gain made gold more costly for non-US buyers. Traders are now focusing on upcoming US inflation data…
Gold Dips as Dollar Strengthens on Japan’s Debt Strategy
Gold fell as much as 1.4% amid a stronger US dollar and easing demand for safe-haven assets. The dollar gained strength on news that Japan might adjust debt levels, which also pushed global bond yields higher. Investors are watching for signals of progress in US-EU trade talks and upcoming US…
Musk Confirms ‘X Money’ Beta-Testing Ahead of Planned 2025 Launch
Musk Confirms ‘X Money’ Beta-Testing Ahead of Planned 2025 Launch Authored by Helen Partz via CoinTelegraph.com, X Money, the payment and banking app tipped by Elon Musk in 2022 after he acquired Twitter, has started beta testing, Musk confirmed in an X post on May 25. Tesla Owners Silicon Valley, a fan X account focused […]