Gold investment interest is expected to remain strong, even as jewellery demand faces pressure from record-high prices, according to a report released by the World Gold Council (WGC). WGC said that the financial year-end dynamics, which include statutory payments and tax-saving investments, may curtail discretionary spending, further weighing down demand. However, price stability could be…
Gold prices dipped to $2664 following the release of the US nonfarm payroll report as the US yields and the Dollar Index surged on robust job data. However, the metal recovered quickly as the US yields and the Dollar Index eased slightly from their respective day’s highs. The metal traded between $2614 (January 6) and…
MUMBAI: The slowdown observed in Q2 FY25 is behind us, according to RBI’s State of the Economy report. The statement comes as private consumption resumes its role as the primary driver of domestic demand, aided by a pickup in festival spending in Q3. However, private investment remains lacklustre as evidenced by sequentially lower investment in…
Former President Donald Trump, speaking from his Bedminster golf club in New Jersey, defended his recent personal attacks on Vice President Kamala Harris, claiming his remarks are justified due to his lack of respect for her. Trump’s latest news conference, his second in a week, focused heavily on Harris, inflation, and his campaign strategy.“I think…
