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The Ultra-Slim Cordless Stick Vacuum That Actually Fits in a Drawer

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The Dyson PencilVac

The Dyson PencilVac — launched globally in late 2025 and widely available in the United States since January 2026 — is Dyson’s boldest attempt yet to solve one of the biggest pain points in cordless vacuum ownership: storage. At just 15.4 inches (39 cm) tall when collapsed, with a body no thicker than a large water bottle and weighing only 3.97 lbs (1.8 kg) in stick configuration, the PencilVac is the slimmest, most compact full-power cordless stick vacuum Dyson has ever produced.

After seven weeks of daily use in a 1,200 sq ft urban apartment in the United States (two adults, one medium-sized dog, mix of hardwood floors, low-pile rugs, and area carpets), here is the complete, unbiased, hands-on review of whether the PencilVac is a legitimate breakthrough or merely a clever design gimmick.

Design & Build – The Skinniest Dyson in History

The moment you unbox the PencilVac, the first reaction is disbelief: this cannot possibly be a real Dyson. The main body is a single continuous matte-black or “Prussian Blue” anodized aluminum tube with zero visible seams, buttons, or protruding dust-bin. It looks more like a premium designer walking cane than a vacuum cleaner.

Key physical measurements (US units):

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  • Deployed height: 44.1 in (112 cm)
  • Collapsed height: 15.4 in (39 cm)
  • Tube diameter: 1.5 in (38 mm)
  • Weight (stick configuration, no accessories): 3.97 lbs (1.8 kg)
  • Weight (handheld mode): 2.98 lbs (1.35 kg)
  • Dust-bin capacity: 0.4 L (13.5 oz)

The collapsing mechanism is single-button magic. Press the release near the grip and the lower tube slides smoothly inside the upper tube in under two seconds — no twisting, no fragile hinges, no multi-step folding. The action is buttery, precise, and feels built to last decades.

Dyson achieved this radical slimness by relocating the motor, cyclones, and battery into the handle area (branded “HyperSlim Power Core”). The dust bin is a tall, narrow cylinder that sits directly under the grip and empties via a bottom hatch with one push. Because it fills vertically instead of horizontally, the 0.4 L capacity feels more usable than the number suggests — most daily clean-ups in a 1,200 sq ft space required emptying only once.

Battery Life & Charging – Solid Real-World Performance

The PencilVac uses a single 21.6 V, 3,000 mAh lithium-ion pack (same cell chemistry as the V15 Detect but far smaller overall). Dyson’s official runtime claims:

  • Eco mode: up to 42 minutes
  • Medium mode: 28 minutes
  • Boost mode: 8 minutes

In US testing (hardwood + low-pile rugs + area carpets, medium shedding dog, typical household dust + occasional cereal/rice spills):

  • Eco: 37–41 minutes (very close to rated)
  • Medium: 23–26 minutes
  • Boost (spot-cleaning stuck debris): 7–8 minutes

Full charge takes 3.5 hours via the compact wall-mount dock that also holds the three included tools. The battery is non-removable, but Dyson provides a standard 2-year warranty and states the cell should retain at least 80% capacity after 1,000 full cycles.

Power delivery stays impressively consistent; unlike some ultra-light competitors that fade dramatically below 20%, the PencilVac maintains usable suction until the final 8–10% of battery life.

Suction Power & Cleaning Performance

Dyson rates the PencilVac at 115 Air Watts on Boost — a far cry from the 240–262 AW of the V15 Detect or Gen5detect. Yet in everyday cleaning the PencilVac punches well above its spec sheet thanks to:

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  • The ultra-narrow “Micro Fluffy Optic” roller head (same soft-roller design as the V15 Detect but 30% slimmer)
  • Only 6 mm ground clearance between roller and floor
  • Highly optimized cyclone airflow inside the pencil-thin tube

Real-world pickup results (same 4×6 ft test area, mixed debris: 50% fine dust/sand, 50% pet hair + small cereal pieces):

  • Hardwood floors (Eco): 96–98% removal in one pass
  • Low-pile rugs / area carpets (Medium): 89–93% removal
  • Stuck-on debris (Boost): 78–85% removal (usually requires 2–3 passes)

Pet hair performance is outstanding. The Micro Fluffy Optic roller features anti-tangle bristles and an integrated self-cleaning hair comb that actively sheds hair into the bin during use. In seven weeks with a medium-haired Australian Shepherd, I never once needed to stop and manually de-hair the brush bar.

Edge and corner cleaning is average — the round, narrow head design means tight 90° corners usually require a second pass or the included crevice tool. It’s not class-leading, but far better than most ultra-slim competitors.

Filtration & Allergen Performance

The PencilVac uses a fully sealed five-stage HEPA filtration system that captures 99.99% of particles down to 0.1 microns — the same standard as the Gen5detect and most Dyson premium models. Exhaust air is noticeably cleaner than almost every sub-$600 cordless stick vacuum sold in the US.

Emptying produces almost zero dust cloud thanks to the bottom-drop hatch that directs debris straight down into the trash. The HEPA filter is fully washable and needs rinsing every 3–6 months depending on usage frequency.

Included Accessories & Storage Solution

Standard US kit includes:

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  • PencilVac main body
  • Micro Fluffy Optic cleaner head
  • Motorized mini soft-roller head (excellent for upholstery, stairs, car interiors)
  • Crevice tool
  • Combination dusting/upholstery brush
  • Compact wall-mount charging dock with accessory clips

The dock mounts vertically and protrudes only 4.7 inches (12 cm) from the wall when the PencilVac is collapsed and hung. All accessories except the mini roller head clip directly to the dock or magnetically to the main tube. In a small apartment this is a revelation — the entire cleaning system lives behind a door instead of hogging closet space.

Noise Levels

The PencilVac is one of the quietest Dysons ever tested:

  • Eco: 62–64 dB
  • Medium: 68–71 dB
  • Boost: 76–78 dB

For reference, normal conversation is ~60 dB. You can comfortably vacuum in Eco mode during a Zoom call or while someone is napping in the next room.

US Pricing & Value Proposition (February 2026)

Official MSRP: $569 Launch promotions & current street price (Feb 2026): $499–$529 at major retailers (Amazon, Best Buy, Dyson.com, Target, Walmart).

Compared to current US-market alternatives:

  • Dyson V12 Detect Slim: $639–$709
  • Dyson V15 Detect: $749–$799
  • Dyson Gen5detect: $995–$1,135
  • Shark PowerDetect: $449–$499
  • Samsung Bespoke Jet AI: $899–$999
  • Tineco Pure One S15: $399–$449

The PencilVac sits in a rare sweet spot: significantly less expensive than Dyson’s full-size premium models, yet offering noticeably stronger suction, better filtration, and far superior build quality than most sub-$500 cordless sticks.

Who Should Buy the Dyson PencilVac?

Strong buy if you:

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  • Live in a small-to-medium apartment or condo (especially urban US apartments)
  • Hate dragging a bulky cordless out of a cramped closet
  • Want true Dyson suction + HEPA filtration without the Dyson price or weight
  • Have mostly hard floors + low-pile rugs / area carpets
  • Prefer quick daily touch-ups over once-a-week deep cleans
  • Value near-zero storage footprint above everything else

Consider alternatives if you:

  • Have medium-to-thick carpets (look at full-size Dysons or Shark uprights)
  • Need longer runtime on medium power (>40 min)
  • Want laser dust detection (exclusive to V15/Gen5 lines)
  • Have very heavy pet shedding and need a larger dust bin (0.7–0.8 L)

Final Verdict – 2026 Score: 9.1 / 10

The Dyson PencilVac is not designed to replace the V15 Detect or Gen5detect. It solves an entirely different problem: how to deliver real suction, real HEPA filtration, and real usability in the smallest possible package.

After seven weeks as the primary daily vacuum, the PencilVac has fundamentally changed how often and how willingly we clean. The collapsed size means it lives behind the front door instead of in a closet — so we grab it every day instead of postponing until “the weekend.”

Flaws exist: the 0.4 L bin is small (though usable), edge cleaning is average, and the price is still premium. But for millions of urban US households who want powerful, filtered cleaning without sacrificing half their storage space, the Dyson PencilVac is currently the best “daily driver” cordless stick vacuum available in 2026.

If the street price stays in the $499–$529 range, it earns a strong recommendation.

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Business information firm Creditsafe confirms new Cardiff office location

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It is taking space at the refurbished Coal House office scheme

Coal House.

Business information provider Creditsafe is further expanding with a new office in the centre of Cardiff. Nearly two decades after establishing its operational support centre in Cardiff Bay, Creditsafe has confirmed it is being relocated to the Coal House office scheme.

It has agreed a lease to take more than 15,200 sq ft across the top two floors.

The new centre, which is expected to become operational in late March or early April, will be able to accommodate 260 staff in newly designed workspace.

READ MORE: Waterfront hotel in Swansea acquired in a multi-million-pound dealREAD MORE: More business rate relief for hospitality firms in Wales

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Its current Cardiff Bay support centre opened in autumn 2006 at the Caspian Poinnt office scheme. The operation has played a key role supporting Creditsafe’s international expansion. It now operates 14 offices worldwide and employs more than 1,700 people.

Even with hybrid working, Creditsafe said it required a new larger location for its staff across technology, data, finance, HR, product, and sales operations.

Last year it relocated its HQ from Caerphilly to the 50,000 sq ft Ty Meridian building at Cardiff Gate Business Park with. Over the next five years it plans to double the size of its workforce at the HQ to 600.

Carys Hughes, chief financial officer of Creditsafe, said: “This move to such an energy efficient- building aligns with our broader ESG goals, while enhancing the working environment and experience for our employees through improved comfort, connectivity, and community engagement.”

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Creditsafe’s chief human resource officer, Gareth Way, said: “Moving the short distance from Cardiff Bay to a location nearer to the city centre provides staff the opportunity to make more effective use of public transport, and makes the city centre amenities far more available to them.”

Coal House is owned by Create Real Estate who were represented on the letting to Creditsafe by the Cardiff office of Savills through Gary Carver. Mark Sutton of the Cardiff office of Knight Frank acted for Creditsafe.

Running entirely on 100% renewable energy, Coal House has undergone a comprehensive retrofit to meet net zero standards.

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10 New Heroes, Talon Takeover Storyline & Free Season 1 Launch Revealed

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Overwatch Drops '2' in Epic Rebrand: 10 New Heroes, Talon
Overwatch Drops '2' in Epic Rebrand: 10 New Heroes, Talon
Overwatch Drops ‘2’ in Epic Rebrand: 10 New Heroes, Talon Takeover Storyline & Free Season 1 Launch Revealed

Blizzard Entertainment unveiled a monumental reinvention of its flagship hero shooter during the Overwatch Spotlight 2026 livestream on Feb. 4, officially rebranding Overwatch 2 simply as “Overwatch” while announcing 10 new heroes, a year-long “Reign of Talon” narrative arc, sweeping gameplay overhauls and a free Season 1 launch on Feb. 10 — marking the game’s 10th anniversary with its boldest update yet.

The surprise rebrand ditches the “2” suffix amid criticisms that the 2022 free-to-play transition felt more like an expansion than a sequel. Game director Aaron Keller called it a “fresh start” that honors the original 2016 vision while propelling Overwatch into its next decade. “Overwatch is back — bigger, bolder, and more united than ever,” Keller said during the two-hour presentation viewed by millions on YouTube and Twitch.

Season 1 kicks off with five immediately playable heroes — Domina (tank), Emre (damage), Mizuki (support), Anran (damage) and the fan-favorite Jetpack Cat (support, aka Fika) — dropping Feb. 10 alongside a revamped user interface, role subcategories, a new Conquest meta event and the start of a competitive year reset. The remaining five heroes will roll out throughout 2026, tying into the “Reign of Talon” storyline where the terrorist organization launches a global offensive, forcing heroes to adapt in a darker, more divided world.

The Rebrand & Core Overhauls

Dropping “2” symbolizes unity, Blizzard executives explained. “Overwatch has always been about the heroes coming together,” producer Monte Krol said. “The numbering divided us — now it’s just Overwatch, one game, one community.”

Major changes include:

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  • Role Subroles: Tanks split into Vanguard (frontline initiators) and Bastion (area-denial anchors); Damage into Duelist (high-mobility flankers) and Flex (versatile hybrids); Supports into Amplifier (buff/debuff specialists) and Guardian (pure healers).
  • UI Refresh: Streamlined menus, customizable hero cards, and a dynamic battle pass interface with 100+ tiers of cosmetics.
  • Conquest Meta Event: Permanent 4v4 mode launching mid-Season 1, emphasizing objective control over kills.
  • Free-to-Play Evolution: All heroes free at launch; battle pass prices unchanged at $10 (premium track).

The update arrives as Overwatch nears 100 million players, with Season 12 peaking at 35 million monthly actives in late 2025. Yet retention dipped amid hero balance frustrations and PvE content delays — issues Blizzard vows to fix with the Talon arc’s cooperative missions and hero-specific lore cinematics.

Meet the New Heroes: Season 1 Lineup

Hands-on demos showcased the five Season 1 additions, blending fresh archetypes with nostalgic flair:

  • Domina (Tank): A hulking Brazilian enforcer with gravity-manipulating gauntlets. Abilities include a black-hole ultimate that pulls enemies into a crush zone. “She’s the anchor Talon needs,” Keller said.
  • Emre (Damage): Turkish drone hacker deploying sticky bombs and EMP bursts. High mobility via wall-cling jumpsuits him for aggressive flanks.
  • Mizuki (Support): Japanese onmyōji summoning spectral foxes for heals and decoys. Her ultimate creates a spirit barrier that reflects projectiles.
  • Anran (Damage): Chinese martial artist with extendable chain-whips for crowd control and a whirlwind spin attack.
  • Jetpack Cat (Fika, Support): The meme-turned-hero feline rocketeer from Overwatch’s mobile spin-off. Rocket boosts for team dashes, repair nanites from her backpack, and a barrage ultimate. “Fans demanded her — now she’s canon,” Blizzard joked.

All five are unlocked free for everyone at Season 1 start, with premium skins in the battle pass.

Fan Reactions & Competitive Shake-Up

The livestream peaked at 2.8 million concurrent viewers, surpassing Overwatch League finals. Social media exploded: #OverwatchReign trended worldwide, with Jetpack Cat memes dominating X and TikTok.

Veteran player KarQ tweeted: “10 HEROES in ONE YEAR? This is the content drop we’ve begged for.” Pro teams like the San Francisco Shock praised subroles for better comp flexibility.

Critics noted the PvE delay — Talon missions start Season 2 — but Keller promised “narrative-driven raids” by mid-year.

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Overwatch’s Road to 2026 Dominance

Launched in 2016, Overwatch redefined team shooters with diverse heroes and esports spectacle. Overwatch 2’s rocky 2022 debut (forced PvP transition, monetization backlash) tested loyalty, but steady hero drops and console cross-play rebuilt momentum.

2026’s refresh coincides with Nintendo Switch 2 launch support and potential mobile revival. Blizzard teased BlizzCon 2026 hero reveals and a “Talon vs. Overwatch” cinematic series voiced by original cast.

With 10 heroes, subroles and a unified brand, Overwatch aims to reclaim hero shooter supremacy amid Valorant and Apex Legends competition. Season 1’s free entry lowers barriers, potentially surging player counts past 50 million monthly.

As servers prep for Feb. 10, the message is clear: Overwatch isn’t just returning — it’s evolving. Talon reigns, heroes unite, and the fight continues.

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'Food bank usage a sad picture of our community'

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'Food bank usage a sad picture of our community'

Food banks say they are seeing more people using their services for the first time.

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French Industrial Production Slips In December, But Prospects Look Better

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French Industrial Production Slips In December, But Prospects Look Better

French Industrial Production Slips In December, But Prospects Look Better

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Nvidia’s Quiet Shift From Chips To AI Economics (NASDAQ:NVDA)

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Nvidia's Quiet Shift From Chips To AI Economics (NASDAQ:NVDA)

This article was written by

Pythia Research focuses on multi-bagger stocks, primarily in the technology sector. Our approach combines financial analysis, behavioral finance, psychology, social sciences, and alternative metrics to assess companies with high conviction and asymmetric risk-reward potential. By leveraging both traditional and unconventional insights, we aim to uncover breakout opportunities before they gain mainstream attention. Our multidisciplinary strategy helps us navigate market sentiment, identify emerging trends, and invest in transformative businesses poised for exponential growth. We don’t just follow the market—we anticipate where disruption will create the next big winners.Markets don’t move purely on fundamentals; they move on perception, emotion, and bias. We lean into that reality. Investor behavior, anchoring to past valuations, herd mentality during rallies, panic selling from recency bias, creates persistent inefficiencies. These moments of mispricing often mark the start of a breakout, not the end of one.Rather than avoid psychological noise, we analyze it. When the crowd sees volatility, we assess whether it’s driven by emotion or fundamentals. Status quo bias can keep investors blind to companies redefining their category. Fear of uncertainty can delay recognition of businesses with clear but unconventional growth paths. We look for these disconnects.Our process blends deep research with signals others miss: sudden shifts in narrative, early social traction, founder-driven vision, or underappreciated momentum in developer or user adoption. These are often the precursors to exponential moves, if you catch them early.We focus on conviction plays, not safe bets. Each opportunity is evaluated for Risk/Reward profile: limited downside, explosive upside. We believe that the best returns come from understanding where belief is lagging reality.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. 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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Gary Neville returns to the Den

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Gary Neville returns to the Den

Gary Neville re-joins the dragons as they put another set of business hopefuls to the test.

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Record Highs Above $5,600 Followed by Sharp Correction Amid Volatility

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Gold Prices Swing Wildly in Early 2026: Record Highs Above

Gold prices have experienced extreme volatility in the opening weeks of 2026, surging to an all-time high near $5,600 per ounce in late January before suffering one of the most dramatic sell-offs in decades, dropping as much as 21% in a single session on February 2. The precious metal has since staged a partial recovery, trading around $4,887 per ounce as of February 5, 2026, reflecting a turbulent start to the year driven by shifting interest-rate expectations, geopolitical uncertainty and massive speculative positioning.

The rally that carried gold to $5,608.35 on January 29 marked the culmination of a historic bull run that saw the metal gain more than 65% in 2025 and continue climbing into the new year. Analysts attributed the surge to sustained central-bank buying, persistent inflation concerns, rising U.S. debt levels, de-dollarisation efforts by emerging markets and investor hedging against potential policy surprises under the second Trump administration.

However, the momentum reversed sharply. Spot gold plunged nearly 9% in a single day on January 30 — its largest daily percentage drop since the 1980s — after reports surfaced regarding President Trump’s nomination of Kevin Warsh to chair the Federal Reserve. Markets interpreted Warsh as likely to pursue a less dovish monetary policy than anticipated, prompting a rush to unwind long positions and triggering stop-loss orders across leveraged funds and retail traders.

Silver suffered even more acutely, collapsing nearly 28–30% in the same session — its worst one-day performance since 1980 — as the gold-silver ratio widened dramatically before compressing again in the rebound.

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By February 5, spot gold had recovered to approximately $4,887 per ounce, down 1.57% on the day but still up 8.70% over the past month and a staggering 71.01% year-over-year. Gold futures for February 2026 delivery traded around $4,988, reflecting ongoing choppiness.

Drivers Behind the Volatility

Several overlapping factors fueled the whipsaw action:

  1. Monetary Policy Uncertainty Expectations for Federal Reserve rate cuts in 2026 have fluctuated wildly. Early-year optimism about aggressive easing gave way to caution after signals from the Trump administration and nominee commentary suggested a more hawkish tilt. Lower short-term rates historically support gold by reducing the opportunity cost of holding non-yielding assets; any delay or reversal in cuts sparked selling.
  2. Central Bank & ETF Demand Central banks continued aggressive accumulation — a trend that began in earnest in 2022 — providing a solid floor. However, retail and speculative ETF inflows reversed sharply during the late-January sell-off, amplifying downside momentum before bargain hunters stepped in.
  3. Geopolitical & Macro Risks Ongoing global tensions, U.S. fiscal deficits, trade policy uncertainty and de-dollarisation efforts by BRICS nations kept a bid under gold. Yet the speed of the rally led to overbought conditions, setting the stage for profit-taking.
  4. Technical & Positioning Extremes Futures positioning reached record net-long levels in late January. The subsequent liquidation triggered cascading stops, creating a self-reinforcing drop that erased weeks of gains in hours.

Analyst Forecasts & Outlook for 2026

Despite the correction, most major banks and research houses remain bullish on gold for the full year:

  • Wells Fargo Investment Institute raised its end-2026 target to $6,100–$6,300 per ounce, citing expectations of lower short-term rates and sustained central-bank demand.
  • J.P. Morgan maintained a $6,300 year-end forecast, arguing that hedges against macro and policy risks have become “sticky.”
  • Goldman Sachs targets $5,400 by year-end, driven by central-bank accumulation and renewed ETF inflows as rates fall.
  • Bank of America sees potential for $6,000 in the coming months, noting that physical-market fundamentals remain supportive despite volatility.

Reuters’ latest poll of 30 analysts and traders (conducted late January–early February 2026) returned a median forecast of $4,746.50 per ounce for the full year — the highest annual projection in Reuters polls dating back to 2012 and up sharply from $4,275 in the October survey.

Silver forecasts were similarly upgraded, with analysts now expecting an average of $79.50 per ounce in 2026 (up from $50 in the prior poll).

Market Implications & Investor Considerations

The volatility has created both opportunities and risks:

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  • Dip-buyers stepped in aggressively after the February 2 low near $4,400, pushing prices back toward $5,000 in subsequent sessions.
  • Physical premiums on coins and bars showed resilience, indicating robust retail demand even during the correction.
  • Gold/silver ratio compressed from extreme levels, suggesting silver may outperform on any sustained rebound.

For investors, the swings underscore gold’s dual role as a safe-haven asset and a speculative vehicle. While fundamentals — central-bank buying, geopolitical risk, fiscal concerns — remain supportive, near-term price action will likely hinge on U.S. monetary-policy signals, dollar strength and positioning unwinds.

As of February 5, 2026, gold’s path forward remains upward-sloping according to most forecasts, but the journey is proving far bumpier than many anticipated after the smooth ascent of 2025.

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BPER Banca SpA 2025 Q4 – Results – Earnings Call Presentation (OTCMKTS:BPXXY) 2026-02-05

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

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Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Workers urge Target and US firms to speak up over ICE raids

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Workers urge Target and US firms to speak up over ICE raids

Workers are writing letters, staging strikes and in some cases resigning over how bosses are handling the immigration crackdown.

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Bank of England set to keep interest rates on hold

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Inflation bounced back in December, rising for the first time in five months

A view of the Bank of England

A view of the Bank of England(Image: PA Archive/PA Images)

The Bank of England is expected to hold interest rates at 3.75 per cent as policymakers face a “balancing act” of controlling inflation and supporting economic growth. Most economists think the Bank’s Monetary Policy Committee (MPC) will opt to leave rates unchanged at its next decision on Thursday.

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The MPC delivered a cut to borrowing costs before Christmas, from four per cent to 3.75 per cent, marking the fourth reduction of the year.

Governor Andrew Bailey said at the time that the UK had “passed the recent peak in inflation and it has continued to fall”, but he cautioned that further cuts will be a “closer call”.

Since that decision, official data has shown that inflation bounced back in December, rising for the first time in five months.

The rate of Consumer Prices Index (CPI) inflation came in at 3.4 per cent for the month, up from 3.2 per cent in November, with tobacco duties and airfares among the factors driving prices higher.

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Economists think this inflation reading will encourage policymakers to keep rates on hold this month.

Laith Khalaf, head of investment analysis for AJ Bell, said: “It’s extremely unlikely the Bank of England is going to do anything but hold interest rates where they are at its February meeting.

“The Bank reduced rates in December and has clearly indicated it wants to adjust policy gradually, so consecutive cuts are pretty much unthinkable in the current economic environment.”

He said that the Bank of England will look through one-off factors pushing up prices in December but that there were “lingering inflation fears” within the committee.

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Economists pointed to other datasets that the MPC will be keeping a close eye on, including gross domestic product (GDP) which returned to growth in November at 0.3 per cent.

Wage growth has also continued to slow while unemployment remained at its highest level for nearly five years, the latest official data showed.

Evidence that the labour market is cooling is likely to be encouraging news for policymakers because it indicates that some pressures on inflation are reducing, but they will also be cautious of it weakening economic growth.

Edward Allenby, senior economic adviser at Oxford Economics, said: “The MPC will continue to face a delicate balancing act between supporting growth and preventing inflation from becoming entrenched, with forthcoming data on pay settlements likely to play a decisive role in shaping the next policy move.”

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Mr Allenby is forecasting the next rate cut to come in April.

Matt Swannell, chief economic advisor to the EY Item Club, said it was a “near certainty” that rates will be kept unchanged, adding: “Some of the MPC doves that favoured a cut in December still harbour some concerns around sticky wage growth and inflation.”

He also agreed that April was the “most likely time for the next rate cut”.

“By then, the MPC will have a clearer view of the 2026 pay awards and whether there is further evidence of slack emerging in the economy,” he said.

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