Business
Raytheon Wins $745 Million MDA Contract for SM-3 IIA Interceptors
Raytheon, an RTX business, won a $745 million Missile Defense Agency contract for SM-3 IIA interceptor production and sustainment through 2031.
Metals
China Gold Imports Hit 26-Month High in May, up 76% Year to Date
China imported about 163 tonnes of gold in May, the highest in 26 months, lifting 2026 imports through May to roughly 692 tonnes, up 76% year over year.
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Gold and silver retreat ahead of Fed minutes as dollar firms
Gold and silver fell on July 7 as investors positioned ahead of Fed minutes, with a stronger dollar and higher yields pressuring bullion prices.
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Gold Falls Below 200-Day Average as Bear Market Deepens, OANDA Says
OANDA said gold closed at $3,972 on July 1, down 10.4% month on month and below its 200-day average, as tighter U.S. monetary conditions weighed.
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Copper futures rise after fatal collapse halts Codelco's El Teniente mine
Copper futures climbed after a fatal collapse at Codelco's El Teniente mine in Chile raised new supply concerns in an already tight market.
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China Extends Fortescue Iron Ore Curbs to New Purchases
China Mineral Resources Group widened curbs on Fortescue's Super Special Fines to include new purchases, escalating pressure in contract talks.
Copper and Gold React to Supply Disruptions and Fed Signals
Copper and gold are moving on mine disruptions and Fed expectations, supporting producer cash flow while raising volatility and policy risk.
Editor's Pick
Anthropic and OpenAI Test the Rules for Valuing AI Revenue
AI · · 6 min read
Combined private-market valuations above $1 trillion rest on revenue growth that is real but far smaller, forcing investors to separate consumption run rate from durable recurring revenue.
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