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Gold consolidates in $4,600-$4,800 range for almost 2 months. A big rally brewing in May?

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Gold consolidates in $4,600-$4,800 range for almost 2 months. A big rally brewing in May?
Gold, long regarded as the ultimate safe-haven in times of crisis, has taken an unexpected turn. Despite escalating geopolitical tensions driven by the Iran conflict, the yellow metal has moved in the opposite direction, falling over 10% even as uncertainty deepens across West Asia.

The backdrop, meanwhile, remains anything but stable. While a ceasefire may exist on paper, tensions continue to simmer. US President Donald Trump has reportedly asked aides to prepare for a prolonged blockade of Iran. In response, Iran has shut the strategically vital Strait of Hormuz, a route that handles nearly 20% of global oil and LNG flows, while the United States has tightened pressure through continued restrictions on Iranian ports.

Yet, instead of rallying on fear, gold has remained subdued, trapped in a narrow range of $4,600 to $4,800 since mid-March. April offered little excitement, with prices ending virtually flat, rising just 0.03% to close at Rs 1.51 lakh per kilogram. In a market where fear would typically spark a surge, gold’s muted response highlights a far more complex interplay of forces.

Why is this happening?

Nireprendra Yadav, Senior Commodity Analyst at Bonanza, explains that while gold appears range-bound, the underlying dynamics go well beyond simple consolidation.

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The market is currently caught in a tug-of-war between opposing macro forces. On one side, persistent geopolitical tensions, particularly the Iran conflict, and continued central bank buying are offering structural support. On the other, elevated bond yields, expectations of prolonged higher interest rates with no immediate rate cuts from the Federal Reserve, and a strong US dollar are capping any meaningful upside.
This contradiction is clearly visible in recent price action. Gold futures surged above $5,600 per ounce in early 2026, only to retreat by nearly 10-12% following an escalation in the Iran conflict, signalling profit booking and macro-driven volatility rather than a sustained directional trend.
From a technical standpoint, the monthly chart points to caution. Prices remain near elevated levels but have declined for two consecutive months, forming a bearish engulfing pattern. Momentum indicators are also beginning to weaken, with the monthly MACD turning negative, while the RSI hovers near 73, indicating overbought conditions and the likelihood of a significant move ahead.
In the near term, gold is expected to remain range-bound, lacking a clear directional trigger. The next decisive move will largely depend on monetary policy. A slowdown in economic growth that forces the Federal Reserve to pivot towards rate cuts could revive gold’s upward trajectory. Conversely, if inflation remains sticky and interest rates stay elevated, the metal may continue to consolidate.

Key levels are crucial at this juncture. On the downside, $4,500 per ounce is an important support; a decisive break below this could open the door to $4,350. On the upside, if this support holds, a rebound towards $5,200 remains possible, especially as prices continue to trade above key moving averages.

In the domestic market, MCX gold mirrors this setup, with strong support at Rs 144,000 and resistance at Rs 161,000.

Time to buy?

Ponmudi R, CEO of Enrich Money, believes the decision for investors should not hinge on perfectly timing the market. Gold is not a high-return chasing asset, it is a stabiliser within a portfolio. The focus, therefore, should be on gradual allocation rather than aggressive entry.

Investors with no exposure can begin building positions, while those already heavily invested should avoid over-allocation. The objective is balance, where gold serves as a hedge against uncertainty, while other assets drive long-term growth.

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Yadav echoes a similar stance, noting that the current market does not offer a straightforward “buy” or “avoid” signal. He cautions against aggressive positioning, highlighting the lack of a clear trend and the risk of short-term volatility.

Instead, a staggered investment approach is recommended. This involves initiating a partial allocation at current levels, adding on meaningful corrections of 5-10%, and completing investments during sharper, panic-driven declines. Such a strategy helps improve the average entry price while reducing timing risk.

The key variable to watch, he adds, is not inflation alone but real interest rates. Any shift in central bank policy, particularly signals of rate cuts, could act as a decisive catalyst for gold. Until then, the metal is likely to remain volatile without a sustained trend. Overall, the current environment calls for discipline and patience rather than aggressive, all-in buying. Investors who stick to a structured approach and avoid trying to time the market are likely to be better positioned when a clearer trend eventually emerges.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Galaxy Z Fold or Wait for iPhone Foldable? Samsung Leads While Apple Prepares 2026 Entry

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iPhone Foldable

NEW YORK — Samsung’s Galaxy Z Fold series continues dominating the foldable smartphone market in 2026, leaving potential buyers weighing whether to purchase the latest Z Fold 8 now or hold out for Apple’s long-rumored foldable iPhone expected later this year. The decision hinges on immediate needs versus anticipation of Apple’s ecosystem integration and premium build quality in its first book-style foldable device.

Samsung’s latest foldables offer refined designs, powerful performance and established software optimizations, making them attractive for users seeking productivity and multitasking today. Apple’s entry, potentially dubbed iPhone Fold or iPhone Ultra, promises seamless iOS integration and innovative features but remains months away with possible supply constraints.

Current Galaxy Z Fold Advantages

Samsung’s Z Fold 8 builds on years of iteration, delivering a mature product with minimal creases, durable hinges and versatile use cases. The inner display provides tablet-like productivity for split-screen apps, note-taking and media consumption, while the cover screen handles quick tasks like a traditional phone.

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Performance shines with flagship Snapdragon processors, ample RAM and excellent cameras. Battery life improved through efficiency gains, though heavy multitasking still drains power faster than slab phones. Software features like Flex Mode enhance the foldable experience for video calls and content creation.

Pricing remains premium but competitive within the category, with trade-in programs and carrier deals easing the cost. Samsung’s ecosystem, including Galaxy Watch and Buds integration, appeals to Android users seeking seamless connectivity.

Early adopters praise the device’s ability to replace both phone and tablet for many users. Drawbacks include weight, durability concerns over repeated folding and higher price compared to standard flagships.

Apple’s Foldable Plans Generate Buzz

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Rumors suggest Apple’s foldable iPhone could launch in September 2026 alongside Pro models, featuring a wider design for better ergonomics and a near-crease-free display. Expected specs include a large inner screen, powerful A-series chip and premium materials aligning with iPhone standards.

The device would bring Apple’s polish to foldables, with optimized iOS for the form factor, exceptional build quality and tight integration with Mac, iPad and other devices. Camera systems, battery life and software features could set new benchmarks if leaks prove accurate.

Potential downsides include high pricing potentially exceeding $2,000, limited initial supply and the risk of first-generation issues common in new categories. Apple’s history of entering markets late but excelling through refinement suggests a strong contender, but buyers must wait.

Key Comparison Factors

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Design and Build: Samsung offers tried-and-tested book-style folding with incremental improvements. Apple’s rumored wider aspect ratio could feel more natural for media and productivity, potentially reducing the “phone when folded” compromise.

Software Experience: Android on Z Fold provides immediate customization and app optimization for foldables. iOS on Apple’s device would offer unmatched fluidity and privacy features, but developers may need time to fully adapt apps.

Performance and Features: Both promise flagship power, but Samsung’s current models deliver today with excellent multitasking. Apple’s silicon excels in efficiency and AI capabilities, potentially offering superior battery life and camera processing.

Ecosystem Integration: Android users benefit from Samsung’s Galaxy ecosystem. Apple devotees gain from seamless continuity across devices, making the foldable a natural extension of existing setups.

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Price and Value: Z Fold models command premium prices but include trade-ins and promotions. Apple’s entry could exceed expectations, targeting luxury buyers willing to pay for brand and refinement.

Availability and Reliability: Samsung provides immediate access with proven track records. Apple’s first foldable may face production delays common in new categories, though the company typically prioritizes quality.

Who Should Buy Galaxy Z Fold Now

Tech enthusiasts wanting foldable benefits immediately should consider the Z Fold 8. Professionals needing multitasking for work, students for note-taking or media consumers for larger screens benefit from current options. Android users deeply invested in Google’s ecosystem find strong value.

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Those prioritizing innovation and willing to wait may hold for Apple. iPhone loyalists expecting ecosystem synergy or users seeking premium refinement could find the wait worthwhile. Budget-conscious buyers might explore mid-cycle deals on previous Z Fold generations.

Market Trends in Foldables

Foldables represent the fastest-growing premium segment, with shipments increasing yearly. Samsung maintains leadership through iteration, but Apple’s entry could expand the category significantly by attracting mainstream users.

Competition from Chinese brands like Huawei and Honor pushes innovation in hinges, displays and software. Durability improvements and crease reduction address early criticisms, broadening appeal.

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Pricing remains a barrier for mass adoption, though trade-ins and financing options help. As technology matures, costs may decrease, accelerating growth.

Final Recommendation Considerations

The choice depends on timeline, ecosystem preference and risk tolerance. Buying Samsung provides immediate utility with minimal first-gen risks. Waiting for Apple offers potential for superior integration but requires patience and possible initial supply limits.

Evaluate current needs against future desires. Test devices in-store to experience the form factor. Consider total cost of ownership, including accessories and potential trade-ins.

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Tech evolves rapidly, so neither choice locks users out of future upgrades. Both Samsung and Apple drive innovation benefiting consumers through competition.

As 2026 progresses, more details on Apple’s foldable will emerge, potentially influencing decisions. For now, Galaxy Z Fold delivers proven foldable excellence while Apple builds anticipation for its debut.

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PCF: Dividend And NAV Are Likely To Trend Lower (Rating Downgrade) (NYSE:PCF)

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PCF: Dividend And NAV Are Likely To Trend Lower (Rating Downgrade) (NYSE:PCF)

This article was written by

Financial analyst by day and a seasoned investor by passion, I’ve been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, and Closed End Funds can be a highly efficient way to boost your investment income while still capturing a total return that follows traditional index funds. I created a hybrid system between growth and income and manage to still capture a total return that is on par with the S&P.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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(VIDEO) Passenger Removed from Delta Flight Miami to Atlanta After Refusing Phone Call

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Delta Air Lines

MIAMI — A Delta Air Lines flight from Miami to Atlanta turned back to the gate Monday after a passenger refused repeated crew requests to end a phone call during taxi, sparking disruption that led to the individual’s removal and a delay for fellow travelers. The incident on Flight 1323 highlighted ongoing challenges with in-flight compliance and passenger conduct rules as airlines enforce federal regulations on electronic devices.

Delta confirmed the customer ignored instructions while the aircraft taxied for takeoff from Miami International Airport. Crew members made multiple attempts to resolve the situation calmly, but the passenger became disruptive, prompting the captain to return to the gate. The individual was removed by ground staff, allowing the flight to eventually depart after approximately one hour.

Details of the Disruption Unfold

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According to airline statements and witness accounts, the passenger, seated in business class, continued the call despite announcements and direct requests. Video circulating on social media captured frustrated passengers urging compliance, with some chanting for the individual to exit the plane.

Delta emphasized safety protocols prohibiting phone calls during critical phases of flight. Federal Aviation Administration rules require devices in airplane mode or off during takeoff and landing to avoid potential interference, though modern concerns center more on cabin harmony than technical risks.

The flight, carrying over 160 passengers, experienced the delay as crew deplaned the disruptive traveler and reset procedures. Delta apologized to customers for the inconvenience, noting such incidents remain rare but underscore the importance of following crew instructions.

Passenger Identification and Aftermath

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Reports identified the passenger as Shannon Marie Harris from Georgia. Miami-Dade police assisted in the removal, though no immediate arrest details emerged beyond the deplaning. Harris reportedly faced consequences for non-compliance, a common outcome in similar cases.

Fellow passengers expressed mixed reactions. Some voiced annoyance at the delay impacting connections and schedules, while others supported the crew’s decision to prioritize safety and order. Social media amplified the event, with videos garnering thousands of views and sparking debates on airline etiquette.

Delta reiterated its commitment to a respectful travel environment. “We apologize to our customers for this experience and delay in their travels,” a spokesperson said. The airline works with authorities when necessary to address disruptive behavior.

Broader Context of In-Flight Incidents

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The event fits a pattern of occasional conflicts over electronic device use. Airlines enforce strict policies during taxi, takeoff and landing, with crew trained to address non-compliance firmly. Federal regulations empower captains with broad authority to remove passengers for safety reasons.

Similar incidents have occurred across carriers, often involving phone calls, loud conversations or refusal to follow mask or seatbelt rules in past years. Most resolve without escalation, but a minority lead to deplaning, delays and sometimes legal consequences.

Industry experts note rising passenger stress from crowded flights, delays and post-pandemic travel rebound contributing to tensions. Crew training emphasizes de-escalation, but persistent refusal leaves limited options.

Airline Policies and Passenger Rights

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Delta and peers maintain clear rules on portable electronic devices. Calls are prohibited once the aircraft door closes until cruising altitude in many cases, though Wi-Fi and texting are generally allowed. Announcements reinforce expectations before departure.

Passengers have rights to comfortable travel but must comply with safety instructions. Refusal can result in removal, denied boarding on future flights or civil penalties. Carriers often offer rebooking on later flights for removed passengers.

Travelers advise reviewing policies before boarding and maintaining patience during ground operations. Most incidents stem from misunderstandings rather than malice, though deliberate defiance escalates quickly.

Impact on Operations and Travelers

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The one-hour delay affected connections at Atlanta’s busy hub, potentially cascading into further disruptions. Delta accommodated affected passengers where possible, rebooking or providing compensation per policy.

Miami International Airport, a major gateway, sees thousands of daily flights. Such events, though infrequent, remind operators of the need for efficient ground handling and clear communication.

For passengers on the flight, the experience ranged from minor inconvenience to significant frustration, especially those with tight schedules. Social media reactions ranged from support for crew to criticism of both passenger and airline response.

Industry Efforts to Improve Compliance

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Airlines collaborate with regulators on passenger conduct initiatives. Enhanced training, clearer announcements and technology like onboard cameras aid management of disruptions. Public awareness campaigns remind travelers of shared responsibilities.

Federal authorities track unruly passenger reports, with most incidents involving alcohol or compliance issues. Fines and bans serve as deterrents, though enforcement varies.

As air travel volumes recover, maintaining cabin harmony remains a priority. Crew members balance service with safety, often under challenging conditions.

Lessons and Recommendations for Travelers

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Experts advise powering down devices or switching to airplane mode promptly when instructed. Listening to crew announcements and following directions prevents escalation. Patience during ground delays benefits everyone.

Booking flexible tickets or travel insurance provides buffers against disruptions. Understanding rights and responsibilities creates smoother experiences for all.

The Miami-Atlanta incident, while disruptive, resolved without injury or major damage. It serves as a reminder that small actions impact fellow passengers significantly in confined aircraft environments.

Delta’s handling aligned with standard procedures, prioritizing safety and orderly operations. As the industry evolves, such events highlight the human element in high-tech aviation.

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Travelers continue sharing stories online, turning the incident into a viral lesson on airplane etiquette. For the removed passenger, consequences may include future travel restrictions.

The event underscores the balance airlines strike between customer service and regulatory compliance. Most flights operate smoothly, but rare disruptions remind everyone of shared rules governing modern air travel.

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Iberdrola, S.A. (IBDRY) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Ignacio Cuenca

Good morning, ladies and gentlemen. First, we would like to extend a warm welcome to all of you who have joined us today for our 2026 first quarter results presentation. As is customary, we will follow the traditional structure of our events. We are going to begin with an overview of the results and the key developments during the period. The presentation and the Q&A will be delivered by the top executive team joining us today. Mr. Ignacio Galan, Executive Chairman; Mr. Pedro Azagra, CEO; and finally, Mr. Pepe Sainz, CFO. After the presentation, we’ll move onto the Q&A session.

I would like to remind you that we will only be taking questions submitted through our website. Please send your question exclusively via www.iberdrola.com. Finally, we expect that today’s event to last no more than 60 minutes. Should any question remain unanswered, the IR team will, as always, remain fully at your disposal. We hope that this presentation will be useful and informative for all of you.

Now without further ado, I would like to hand the floor over to Mr. Ignacio Galan. Thank you once again. Please, Mr. Galan.

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Jose Sanchez Galán
Executive Chairman

Thank you, Ignacio. Good morning, everyone, and thank you very much for joining today’s conference call. In the first quarter 2026, adjusted net profit increased by 11% to EUR 1,865 million. Adjusted EBITDA reached EUR 4.1 billion, up to 2.4%, mainly driven by 9% increase in networks more than offsetting the lower contribution of Power & Customers due to nonrecurring impacts in Iberia in the first quarter 2026. And in this previous year in U.S., which

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NATO: working with US to understand details of troop reduction in Germany

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NATO: working with US to understand details of troop reduction in Germany


NATO: working with US to understand details of troop reduction in Germany

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Trump jokes US Navy will take on Cuba on the way home from Iran

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Trump jokes US Navy will take on Cuba on the way home from Iran
Washington: President Donald Trump has joked that the US Navy will take on Cuba on the way home from Iran.

“Cuba’s got problems,” Trump said in one of several digressions in his Friday evening speech before the non-profit Forum Club of the Palm Beaches.

“On the way back from Iran, we’ll have one of our big, maybe the USS Abraham Lincoln aircraft carrier – the biggest in the world – we’ll have that come in, stop about 100 yards offshore, and they’ll say, ‘Thank you very much. We give up’,” he said.
The Trump administration is in the midst of a monthslong campaign to press the Cuban government to make dramatic reforms.

All the while, Trump has repeatedly threatened that the US could take military action against the island to get what he wants.

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Trump auto tariff hike could cost Germany nearly $18 billion in output, institute says

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Trump auto tariff hike could cost Germany nearly $18 billion in output, institute says


Trump auto tariff hike could cost Germany nearly $18 billion in output, institute says

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US troop drawback underlines European defence responsibility, German minister says

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US troop drawback underlines European defence responsibility, German minister says


US troop drawback underlines European defence responsibility, German minister says

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India-linked supertanker tests Hormuz blockade to ease domestic fuel crisis

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India-linked supertanker tests Hormuz blockade to ease domestic fuel crisis

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US, Philippines deploy anti-ship missile system in Batanes near Taiwan for war games

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US, Philippines deploy anti-ship missile system in Batanes near Taiwan for war games


US, Philippines deploy anti-ship missile system in Batanes near Taiwan for war games

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