Fed's Quarles: Bringing Inflation Down to 2% Is Key Goal

Microsoft surges over 8% in after-hours trading as Q4 results beat expectations and capital spending comes in below forecasts; Meta plunges over 7% despite Q2 revenue surpassing expectations, as AI investment concerns and weak Q3 guidance persist; Qualcomm drops over 4% after raising product prices and issuing weak performance guidance; Arm falls nearly 6% as revenue guidance misses the most optimistic forecasts; memory sector stocks continue to slide, with Micron, SanDisk, and SK Hynix all dow

Spot gold has just surpassed the $4,080.00/ounce mark, currently quoted at $4,079.96/ounce, up 0.34% on the day; COMEX gold futures are now quoted at $4,138.30/ounce, up 1.01% on the day.

Samsung Electronics Q2 sales reached 171.5 trillion KRW, up 28.11% year-on-year; operating profit was 89.49 trillion KRW, up 56.37% year-on-year; net profit was 71.27 trillion KRW, up 51.31% year-on-year.

Spot gold has just surpassed the $4,090.00/oz mark, now quoted at $4,089.89/oz, up 0.58% on the day; COMEX gold futures main contract is now at $4,148.00/oz, up 2.77% on the day.