Gold futures fell 0.85% on Thursday to $4,116.50 an ounce, while silver futures slipped 0.83% to $59.795 an ounce. The retreat was attributed to profit-taking after the recent rally, even as geopolitical tensions in West Asia lifted oil prices to a six-week high. Higher crude prices pushed up U.S. Treasury yields and the dollar index, with markets now focused on next week’s Federal Reserve meeting for signals on the interest-rate path.

Generation Development Group Ltd (ASX: GDG) reported Q4 FY 2026 results showing group funds under management rose 36% year on year to $46.4 billion. Its Generation Life unit was selected by Colonial First State as a strategic retirement solutions provider, with CFS managing and administering more than $180 billion in investments. The ASX 200 constituent surged 33.2% on Thursday, a move driven by company-specific fundamentals.

Industrial machinery maker Lohia Corp launched its IPO on July 23, 2026, raising ₹1102 billion at a price band of ₹404–425 per share. The offer is entirely an offer-for-sale, meaning the company will not receive any proceeds. The issue includes allocations for QIBs, NIIs and retail investors, with anchor investors subscribing ₹492 billion. Lohia Corp reported FY26 revenue of ₹1717 billion and net profit of ₹193.45 billion, and the shares are set to list on BSE and NSE on July 30.

Australia’s unemployment rate held steady at 4.4% in June, in line with expectations, even as 76,000 people started a new job and the participation rate edged up to 67%. Inflation remains at 4.0%, above the Reserve Bank of Australia’s 2–3% target range. Economists expect the jobless rate to rise to 4.6% by year-end, while renewed tensions in the Strait of Hormuz add uncertainty to the inflation outlook. The figures underscored signs of a tight labour market, influencing the Australian dollar and government bond yields, but did not provide an immediate catalyst for spot trading.

Donald Trump’s threats of action against Iran have heightened Middle East tensions and pushed Brent crude oil futures up to $96 a barrel. Against that backdrop, India’s Nifty 50 fell 0.8% to 23,996, while Bank Nifty dropped 1.23% to 57,127. Technical signals show the Nifty has slipped below key moving averages, while the ADX fell to 9.61, its lowest level in three years, placing the market in a low-volatility squeeze ahead of a potential directional move.

Brent crude futures rose 2% to $96 a barrel in early trading as the U.S. launched a new round of strikes on Iran and Yemen’s Houthis targeted oil tankers in the Red Sea, widening the Middle East conflict. Analysts warned that a simultaneous closure of the Strait of Hormuz and Bab el-Mandeb in the Red Sea would disrupt shipping routes for more than a quarter of the world’s oil and gas. Nearly five months of war have depleted global stockpiles and stoked inflation worldwide.

Top Wealth Group Holding Limited (NASDAQ: TWG) said it completed a US$80,000,000 private investment in public equity (PIPE) on July 22, 2026, issuing and selling 40,000,000 Class A ordinary shares at US$2.0 per share to nine non-U.S. investors. The company said the deal has closed and its total outstanding Class A ordinary shares increased to 59,579,883. The shares were issued in an unregistered private placement and are subject to transfer restrictions for six (6) months under Regulation S.

NVE (NVEC) reported fiscal first-quarter 2027 revenue of $11.0 million, up 81% year over year, and net income of $6.39 million, up 79%. Gross margin increased to 81.3%. The company said it has completed a multiyear capacity expansion and has begun mass production of new MRI-safe wafer-level sensors, targeting robotics, AIoT and high-end medical devices. Management said the sales increase was driven mainly by existing customers adopting newer products and by new-customer wins, while the rise in accounts receivable reflected a late-quarter shipment concentration and has largely been collected.