Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...

U.S. Stock Market - U.S. stocks traded mostly lower, with the Dow Jones index falling more than 150 points, down 0.37% to 45,713.02 [1] - The NASDAQ fell 0.03% to 22,341.05, and the S&P 500 dropped 0.14% to 6,605.77 [1] - Energy shares increased by 1.1%, while utilities stocks fell by 0.8% [1] Company Performance - Dave & Buster's Entertainment Inc. reported second-quarter revenue of $557.41 million, missing analyst estimates of $562.78 million [2] - The company reported adjusted earnings of 40 cents per share, falling short of estimates of 92 cents per share [2] Commodity Market - Oil prices increased by 2.2% to $64.70, while gold rose by 0.2% to $3,726.00 [5] - Silver traded up 0.1% to $43.000, and copper fell by 0.1% to $4.7120 [5] European Market - European shares were lower, with the eurozone's STOXX 600 falling 0.86% [6] - Spain's IBEX 35 Index decreased by 1.30%, London's FTSE 100 fell 0.74%, Germany's DAX 40 dipped 1.29%, and France's CAC 40 fell 0.72% [6] Asian Market - Asian markets closed mostly higher, with Japan's Nikkei gaining 0.30% and India's BSE Sensex increasing by 0.73% [7] Notable Stock Movements - Turbo Energy, S.A. shares surged 408% to $13.72 after securing a $53 million contract for energy storage projects in Spain [8] - WEBTOON Entertainment Inc. shares rose 28% to $19.13 following a non-binding agreement with Disney [8] - Jumia Technologies AG shares increased by 22% to $11.90 after an upgrade from RBC Capital [8] - Bionano Genomics, Inc. shares dropped 41% to $1.6398 due to a $10 million public offering announcement [8] - GD Culture Group Limited shares fell 19% to $7.84 after entering a share exchange agreement [8] - Next Technology Holding Inc. shares decreased by 17% to $23.79 after filing for a stock shelf of up to $500 million [8] Economic Indicators - U.S. business inventories increased by 0.2% month-over-month in July, aligning with market estimates [11] - The NAHB/Wells Fargo Housing Market Index remained steady at 32 in September [11] - U.S. industrial production rose by 0.1% in August, exceeding market expectations [11] - U.S. retail sales increased by 0.6% month-over-month in August, surpassing expectations [11] - Export and import prices both rose by 0.3% in August [11]

As gold prices dip in Vietnam, a contrasting trend is seen in the global market. In the latest market update, the price of gold bars from the Saigon Jewelry Company fell by 1.43% to VND131.4 million (approximately US$4,980.1) per tael. Meanwhile, local bullion prices still outstrip global ones by VND15 million per tael, a notable gap in the current economy.Gold ring prices also took a hit, decreasing by 1.23% to VND128 million per tael. For reference, a tael weighs about 37.5 grams or 1.2 ounces, a unit fam ...

Economic Indicators - Consumer prices rose 0.4% in August, increasing the annual CPI rate to 2.9% from 2.7% in July, driven by higher costs in shelter, food, and gasoline [2] - The headline PPI index decreased by 0.1% in August but remained 2.6% higher year-over-year, while core PPI increased by 2.8%, marking the largest yearly rise since March [3] - Nonfarm payrolls increased by only 22,000 in August, with unemployment steady at 4.3% and labor force participation at 62.3% [4] Market Reactions - The 2-year Treasury yield is at 3.56% and the 10-year yield at 4.07%, indicating a modestly inverted yield curve [5] - The S&P 500 closed at 6,584 after a 1.6% weekly increase, marking its best performance since early August [6] - The Nasdaq Composite reached 22,141, achieving five consecutive record highs, while Bitcoin is trading at $115,234 with a global crypto market cap of $4.14 trillion [7] Commodity Trends - Gold prices surged to $3,643 per ounce, nearing record highs as investors seek inflation hedges amid lower real yields [8]

China moved to ease gold trade licensing as it diversifies reserves away from the US dollar https://t.co/7xk4aYN7p4 ...

Group 1: Gold Market Insights - The inflation-adjusted price of gold has reached a record high, trading above $3,610 per ounce, marking the first such occurrence since the 1980s [1] - Rising inflation and anticipated interest rate cuts create a favorable environment for gold, which is also historically correlated with Bitcoin [1][7] - The latest US CPI data for August shows annual inflation at 2.9%, up from 2.7% in July, indicating persistent price pressures [3] Group 2: Economic Indicators - The US Producer Price Index (PPI) for August was reported at 2.9%, lower than the expected 3.3%, suggesting potential declining inflation [4] - The PPI is viewed as a leading indicator for the CPI, which may influence the Federal Reserve's decision on interest rates [4] Group 3: Demand Factors for Gold - Increased demand for gold in 2025 is driven by global tensions, including trade disputes and political instability, enhancing its status as a safe-haven asset [5] - Central banks in emerging markets are increasing gold reserves to diversify from the US dollar, reflecting concerns over its stability [6] Group 4: Interest Rates and Investment Behavior - Expectations of lower interest rates reduce the opportunity cost of holding gold, contributing to its price increase [7] - Bitcoin is often referred to as "digital gold," sharing similar investment dynamics in the context of inflation [7]

Seeking Alpha's transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team ...

A senior Russian advisor to President Vladimir Putin claimed the United States is conspiring to restructure its ballooning national debt by manipulating cryptocurrency and gold markets. Speaking at the Eastern Economic Forum in Vladivostok, Anton Kobyakov said Washington is looking to "rewrite the rules" of the cryptocurrency and gold industries as an alternative to the current global currency system to reduce dependence on the U.S. dollar. "The US is now trying to rewrite the rules of the gold and crypto ...

Group 1: Gold Price Trends - Gold futures opened at $3,672.80 per ounce on Friday, reflecting a 1% increase from Thursday's close of $3,636.90, and reached a high of $3,695.50 that morning [1][2] - The current price of gold has increased by 2.9% from the opening price of $3,567.80 one week ago and has risen 9.4% over the past month from $3,356.20 on August 12, 2025 [3] - Year-over-year, gold prices have surged by 45.2% from the opening price of $2,529.10 on September 12, 2024 [3] Group 2: Market Influences - Gold prices did not react significantly to a higher-than-expected Consumer Price Index report for August, which showed a 0.4% increase after a 0.2% rise in July [2] - Despite inflation concerns, investors anticipate the Federal Reserve will lower interest rates next week due to a weakening employment situation in the U.S., which could further drive gold prices higher [2] - Lower interest rates enhance gold's attractiveness compared to cash and fixed income, while its status as a safe-haven asset increases demand during price rises [2] Group 3: Investment Opportunities - Costco has begun selling gold bars, silver coins, and platinum bars, providing a convenient option for investors looking to diversify their wealth [5][6] - The club store first introduced gold bars in 2023, followed by silver and platinum, with all three precious metals showing substantial price increases in 2025 [6] - Analysts remain bullish on gold, with Goldman Sachs predicting a price of $3,700 per troy ounce by year-end 2025, representing a 40% increase from the January 2 opening price of $2,633 [10]

A UAE ban on all trade with Sudan has badly impacted the North African nation’s gold exports, spurring it to seek alternative buyers in Oman and elsewhere https://t.co/9UwgPMcvVC ...