Author: Charlotte

Gold fell 1% to $4,289.87 per ounce on Monday, June 8, 2026, sliding to a two-month low and trading below its 200-day moving average for the first time since October 2023, after Friday’s hotter-than-expected US jobs report revived bets on a Federal Reserve rate hike. Friday’s session alone stripped more than 3% off the price, the steepest single-day drop in recent weeks. The metal now sits roughly 23% below the $5,595 record set on January 29. So why is gold going down, and how far can this correction run?Friday’s drop erased gold’s entire 2026 advance, leaving it down 0.3% year…

Likely driven by Trump’s latest promising words about a potential peace deal between the US and Iran to be announced in the next few days, BTC jumped from $62,000 to over $64,000 in minutes earlier today before it was stopped.Most larger-cap alts have remained relatively sluggish on a daily scale, aside from HYPE, which has reclaimed the $60 support after a 3% increase. Source link

Irwin Mitchell is exploring the possibility of bringing in a private equity investor as the law firm seeks to regain control of its parent company from a growing number of former partners. The Sheffield-headquartered firm, which generated almost £330 million in revenue last year, is understood to be working with advisers from US investment bank Stifel on options for its ownership structure. The issue stems from a corporate reorganisation undertaken in 2012 when Irwin Mitchell was considering a stock market flotation. A holding company was created above the firm’s limited liability partnership, with partners receiving shares in the new parent…

Quick Answer (Featured Snippet): XAUUSD is the ticker for gold priced in U.S. dollars — the spot exchange rate for one troy ounce of gold. As of early June 2026, XAUUSD trades around $4,292, down about 0.85% on the day and roughly 9% over the past month, yet still up nearly 30% year-over-year. It remains the world’s most-watched safe-haven benchmark. What Is XAUUSD? When traders type XAUUSD into a chart, they are asking one simple question: how many U.S. dollars does it take to buy one ounce of gold right now? “XAU” is the ISO code for a troy ounce of gold; “USD” is the…

Call it the “Groundhog Day” dynamic. Recovery deferred … again. A year ago at this time, the private equity industry was poised for an upturn that never really took hold. Early-year optimism was dashed by tariff turmoil—just the latest in a long line of market dislocations dating back to the Covid-19 pandemic. This year: more of the same. Coming into 2026, the buyout market had largely shaken off tariff concerns, and dealmaking was on the rise. But then three more shocks arrived in rapid succession: the AI-driven “SaaSpocalypse” in software, redemption stress in private credit, and the war in Iran…

Elon Musk’s SpaceX courts retail investors Financial Times Source link

The 40-acre Walnut Hill estate in Rockville was once the homestead of the late philanthropists Harwood and Louise Cochrane. (Images courtesy CVRMLS) The former homestead of the late Harwood and Louise Cochrane sold last month to members of another prominent Richmond family in the highest residential real estate deal in the region last month. An LLC tied to Thomas and Ann Gottwald bought the 40-acre Walnut Hill estate in Rockville for $4.5 million. The May 19 all-cash deal was above the estate’s April list price of $4.25 million. Meg Grymes with The Steele Group | Sotheby’s International Realty had the…

Bitcoin’s rebound triggers $504M short squeeze, largest since April, amid volatile market and geopolitical tensions.Bitcoin surged from below $60,000 to nearly $63,800 over the weekend, causing a $504 million loss for traders betting against it—the biggest daily short squeeze since April. Total crypto liquidations hit $655 million, affecting over 104,000 traders, … Source link

Large & mid cap mutual funds invest most of their corpus in the large and mid cap stocks. As per the Sebi mandate, these schemes are open-ended equity schemes that invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks.However, this definition does not tell the whole story about the large & mid cap category. Consider this: The 35% mandatory investments in mid cap stocks make them risky. However, they are less risky than pure mid cap schemes that invest around 65% in mid cap stocks.…

Visiting the popular Po Pin Chau trail in Hong Kong’s geopark will require real-name reservations under a pilot scheme aimed at preventing scalping and no-shows, officials have told lawmakers concerned about its effectiveness.Undersecretary for Environment and Ecology Diane Wong Shuk-han told the Legislative Council subcommittee on ecology and tourism on Monday that authorities would not use a first-come-first-served model and were studying a ballot mechanism to prevent scalping.“We will consider real-name registration,” Wong said. “If someone makes a reservation but does not show up, when they make a reservation again in the future, we will know through real-name registration who…