Gold prices tumbled over 3% on Monday, hitting a four-month low. Escalating Middle East tensions fueled inflation worries and boosted expectations for higher global interest rates. Iran threatened energy systems, while oil prices remained elevated. This situation impacts transport and manufacturing costs.
JP Morgan moving closer to $1 trillion market value milestone
JPMorgan is approaching a $1 trillion market valuation after record profits and a strong share rally. Robust investment banking, diversified operations and investor confidence in