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- Dollar advances as oil prices rise after latest US-Iran strikes, Houthi blockade
GLOBAL-FOREX:Dollar advances as oil prices rise after latest US-Iran strikes, Houthi blockade
- Gold, silver prices today: Comex gold jumps $73, silver gains $2.55 as traders assess US-Iran peace efforts
Gold and silver prices rose as US-Iran ceasefire talks boosted market sentiment. Despite rising tensions, gold futures reached $4,088 and silver $59.55. Investors await the Fed's rate decision amid inflation concerns, while crude oil prices stayed high, affecting precious metal gains.
- Servotech Renewable Power System Q1 Results: PAT jumps 75% YoY; revenue up 58%
Servotech Renewable Power System reported a 57.7% YoY revenue increase to ₹216.29 crore for Q1 FY27. Gross profit rose 86.8% to ₹48.56 crore, while PAT climbed 74.5% to ₹7.94 crore, driven mainly by solar products.
- IBM shares extend losing streak, plunge 26% in five sessions after sales miss
IBM's shares have plummeted 26.5%, reaching a multi-quarter low after a cautious sales outlook. The stock saw its biggest drop in over 50 years, attributed to shifting customer spending amid AI-related supply shortages, impacting its software and infrastructure businesses significantly.
- Treasury Yields Hit Two-Month High as Oil Sparks Inflation Risk
The US Treasury market fell, pushing 10- and 30-year yields to the highest levels in about two months, as a surge in crude oil prices stoked concern that inflationary pressures will prompt the Federal Reserve to raise interest rates.