Today: 5 July 2026

Gold price plunges, silver price slumps after Trump taps Warsh for Fed chair

Gold price plunges, silver price slumps after Trump taps Warsh for Fed chair

Gold and silver prices plunged on Friday, sending gold toward its sharpest daily drop since 1983 and silver toward its biggest one-day fall ever, after U.S. President Donald Trump chose Kevin Warsh to lead the Federal Reserve. By 1:57 p.m. ET, spot gold had tumbled 9.5% to $4,883.62 an ounce, down from a record $5,594.82 hit Thursday. Silver collapsed 27.7% to $83.99, while platinum dropped roughly 19% and palladium nearly 16%. U.S. gold futures closed 11.4% lower. The dollar index, which tracks the greenback against major currencies, gained 0.7% amid the selloff. Standard Chartered’s Suki Cooper attributed the slide to profit-taking as the dollar and “real yields” — inflation-adjusted bond returns — moved. MKS PAMP strategist Nicky Shiels called January “the most volatile month in precious metals history,” pointing to $4,600 gold and $80 silver as potential support levels. The drop is significant since it follows a frenzied month that drew in momentum traders and pushed even the most cautious investors to jump in. Moves like this can quickly wipe out leveraged positions and shift the mood heading into February.
30 January 2026
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Bezos’ Blue Origin pauses New Shepard space tourism flights for at least two years

Bezos’ Blue Origin pauses New Shepard space tourism flights for at least two years

Blue Origin announced Friday it will halt New Shepard flights for at least two years. The space tourism venture is on hold as the company redirects resources to developing hardware aimed at sending astronauts back to the Moon. The move pushes the company’s flagship product aside just as NASA leans heavily on contractors for lunar system deliveries. Blue Origin aims to show it can do more than brief passenger flights, competing against rivals with far more extensive flight experience.
30 January 2026
Kerrygold butter price drops in Ireland as SuperValu, Centra and Tesco join the cuts

Kerrygold butter price drops in Ireland as SuperValu, Centra and Tesco join the cuts

SuperValu and Centra, both owned by Musgrave, slashed prices on Kerrygold butter on Friday, with Tesco swiftly matching the move. Ireland’s top grocers are stepping up the battle over essential items. The price for a 454g pack of Kerrygold fell to €4.99 from €5.49, while smaller packs dropped to €2.99 from €3.29. This comes despite official figures showing the national average price of butter increased by 54 cents per pound over the year to December. The timing is crucial as food inflation continues to outpace many household incomes, with butter standing out as a clear indicator of rising grocery costs. Ireland’s EU-harmonised inflation rate hit 2.6% year-on-year in January, while food prices climbed 3.9% over the past year, according to the Central Statistics Office. “Food prices … increased by 3.9% in the last 12 months,” said Anthony Dawson, statistician in the CSO Prices Division.
30 January 2026
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Sandisk stock price jumps after AI-fueled outlook; Kioxia deal and analyst calls in focus

Sandisk stock price jumps after AI-fueled outlook; Kioxia deal and analyst calls in focus

New York, January 30, 2026, 16:03 — After-hours Shares of Sandisk Corporation jumped on Friday following an upbeat profit forecast, driven by increased demand from artificial-intelligence infrastructure. The flash-storage maker’s stock climbed 4.9%, reaching $565.99 during afternoon Nasdaq trading, after fluctuating between $534.17 and $675.88.
30 January 2026
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PennyMac Financial Services stock plunges 33% after earnings miss hits servicing income

PennyMac Financial Services stock plunges 33% after earnings miss hits servicing income

NEW YORK, Jan 30, 2026, 15:41 — Regular session PennyMac Financial Services shares dropped roughly 33% on Friday, deepening the selloff that followed its earnings report. Investors focused on a sharp decline in its servicing business. By mid-afternoon in New York, the stock had slipped to $100.39, down $49.31, after hitting a low of $93.88.
30 January 2026
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Merck stock rises as markets wobble — what to watch before the Feb. 3 earnings call

Merck stock rises as markets wobble — what to watch before the Feb. 3 earnings call

NEW YORK, Jan 30, 2026, 15:42 EST — Regular session Merck & Co shares climbed roughly 1.2% to $109.64 by Friday afternoon, finding footing after a volatile week for U.S. stocks. The health care sector showed strength, with the Health Care Select Sector SPDR ETF edging up about 0.6%, despite the broader market slide—the SPDR S&P 500 ETF dipped roughly 0.5%. Johnson & Johnson held steady, while Pfizer and Eli Lilly posted gains.
30 January 2026
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USA Rare Earth (USAR) stock rebounds after chairman buy as Washington price-floor rethink rattles rare-earths

USA Rare Earth (USAR) stock rebounds after chairman buy as Washington price-floor rethink rattles rare-earths

New York, Jan 30, 2026, 15:36 EST — Regular session Shares of USA Rare Earth, Inc. jumped nearly 12% on Friday, before settling up 1.4% at $22.37 in afternoon trading. The move followed chairman Michael Blitzer’s disclosure of an open-market share purchase. Trading volume surged past 26 million shares, highlighting how closely the stock is moving alongside Washington news.
30 January 2026
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Stock Market Today

  • BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF (NRGD:CA) flagged weak by signals for all terms
    July 5, 2026, 8:22 AM EDT. BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF (NRGD:CA) got a weak call for the near, mid, and long terms as of July 5, 2026. Current AI signals point to no long play now, suggest a short around 10.32 CAD with a stop at 10.37 CAD. No target set. The ETF tracks the inverse returns of the Canadian energy space at double leverage, and the analysis is reading bearish here.
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