Silver and gold ETFs fell nearly 4% on Wednesday, tracking a mild decline in MCX prices as investors turned cautious ahead of the U.S. Federal Reserve’s policy decision. Uncertainty around the Middle East conflict and interest rate outlook weighed on sentiment. The near-term trajectory for gold will depend on the Fed’s guidance on rate cuts versus a prolonged pause.
Why IBM shares crashed 26%: CEO highlights customer spending shifts towards AI
IBM’s second-quarter results missed expectations, impacted by customer spending shifts, triggering one of the worst crashes in its stock. CEO Arvind Krishna said clients prioritized