Articles by Rebecca Torres
Belgian Gold Find Overshadowed by Investment Flows
Belgium's €9M gold find is trivial compared to central bank and ETF flows. Gold rose 0.91% this week; GLD saw $2B inflows.
Exxon (XOM) Rises as Hormuz Tensions Boost Oil Prices
Exxon (XOM) gained 0.94% to $160.10 as Brent crude jumped 6% on Hormuz tensions. Analyst targets imply 4.5% upside, but risks remain.
Belgian Cellar Gold Find: A €9 Million Drop in the Global Ocean
A €9 million gold hoard found in a Belgian cellar equals just 23 COMEX contracts, underscoring the vast scale of the global gold market. Analysts remain split on price forecasts.
Bunge Stock Steady as Wheat Jumps; Oilseeds Drive 88% of Profit
Bunge (BG) shares stayed flat as wheat futures climbed 3% after a Ukrainian attack halted two Russian grain terminals. Oilseed processing drove 88% of Q2 segment profit.
El Niño Threat Looms Over Starbucks' Margin Recovery as Coffee Costs Surge
Starbucks' margin rebound faces a new threat from a likely strong El Niño and rising coffee costs, even as the stock nears analyst price targets.
Oil Rally and Chevron's Strong Cash Flow Lift Energy Stocks
Chevron shares rose 4.5% to $194.91 after oil prices climbed 5% on stalled Iran negotiations, while the company's Q2 free cash flow surged to $18.1 billion.
Rupiah Gains on Damayanti's Sole Candidacy for BI Governor
Indonesia's rupiah rallied to its strongest level since June 18 after President Prabowo nominated Destry Damayanti as sole candidate for Bank Indonesia governor, reducing policy uncertainty.
Yen's Slide Persists Despite Record Speculative Short Squeeze
The yen weakened to 159.14 despite a sharp reduction in speculative shorts, as BOJ's hawkish tone failed to offset dollar strength and inflation concerns.
