0733 GMT - Pandora's new strategy seems positive, but revenue guidance is below views, analyst at RBC Capital Markets Piral Dadhania says in a note. The Danish jeweler plans to introduce platinum-plated pieces to reduce its reliance on silver and the exposure to changing prices. "We are encouraged to see Pandora transition to platinum based jewelry," the analysts says, adding that this will help the company offset silver-price headwinds from 2027 onward. For the current year, the group expects organic revenue results in a range between a 1% decline and an increase by 2%. This is below market estimates and could prompt negative earnings revisions for both this year and the following one, the analyst says. Shares closed at 512.60 Danish kroner on Wednesday. (andrea.figueras@wsj.com)
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Gold Likely Range-Bound in Near Term Before Possibly Reaching New Highs -- Market Talk
0720 GMT - Gold is likely to stay range-bound in the near term before possibly reaching new highs, T. Rowe Price's Rick de los Reyes says in an email. "The final leg of gold's recent rally unfolded very rapidly and bore the characteristics of a short squeeze, pushing prices higher in a compressed timeframe," says the portfolio manager and head of Commodities. "Historically, spikes in realized volatility have tended to be followed by periods of sideways consolidation before the uptrend resumes," the portfolio manager says. Although crowded positioning in any asset can pose risks, underlying drivers supporting gold demand remain intact, the manager adds. Spot gold is 0.8% lower at $4,925.80/oz.(ronnie.harui@wsj.com)
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Iron Ore Prices Fall on Weak Fundamentals -- Market Talk
0350 GMT - Iron ore prices are lower in Asia trade, weighed by weak fundamentals. Supply is at a high level compared with historical trends, Guangfa Futures analysts write in a note. Weak seasonal factors are further pressuring the demand of the iron ore as well, Baocheng Futures analysts write in a note. Iron ore inventories in China are increasing while the demand remains weak, they add. The most actively traded May iron ore contract on the Dalian Commodity Exchange is flat at CNY766.0 a ton.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
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(END) Dow Jones Newswires
02-05-26 0654ET
