Howmet Aerospace reported a first-quarter beat on both profit and revenue, then raised its annual forecast. The company pointed to continued strength in commercial aerospace and faster growth in its industrial gas turbine business as key drivers. The upbeat update signals demand is holding up better than many investors expected, supporting higher outlook for the year.
Gold held steady on Tuesday as traders tracked stalled US Iran peace talks for any signal that could shift risk sentiment. Markets also await major central bank decisions this week, which analysts say are likely to keep supporting gold demand. Annual gold price forecasts have been revised upward on stronger central bank buying and ongoing economic uncertainty.
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