Gold soared to record levels as renewed concerns over US credit quality and escalating US-China tensions drove investors toward safe-haven assets.Gold surged 1.2 per cent to $4,379.93 per ounce on Friday, heading for its biggest weekly gain since 2008 and extending a rally that began in August. The surge was underpinned by expectations of steep…
MUMBAI: The rupee gained 26 paise to close at 87.82 against the dollar — a month’s high — on Thursday. The domestic currency opened at 87.90, rose to a high of 87.70, and hit an intraday low of 87.93.The local unit has strengthened as strong central bank intervention in the previous session and renewed optimism…
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that India remains one of the strongest pillars of global growth even as the world economy turns more unpredictable amid rising tariffs, uneven expansion, and the rapid advance of artificial intelligence (AI), according to an ET report.Speaking at an IMF press conference, Georgieva replied to ET…
US stocks ticked higher on Thursday as technology shares rallied following signs of strong demand in the artificial-intelligence (AI) sector. The S&P 500 rose 0.3%, the Dow Jones Industrial Average added 116 points or 0.3%, and the Nasdaq gained 0.5%, though markets remained choppy throughout the week, AP reported.Tech stocks led gains after Taiwan Semiconductor…
India and Brazil on Thursday agreed to broaden the scope of the existing preferential trade agreement (PTA) between New Delhi and the Mercosur bloc, aiming to strengthen economic ties and boost bilateral trade. Mercosur, a South American trading bloc, comprises Brazil, Argentina, Uruguay, and Paraguay.The discussions took place during a meeting between visiting Brazilian Vice…
As Diwali and Dhanteras approach, gold continues to remain a preferred investment and a symbol of tradition in India. While most consumers buy gold in the form of jewellery, coins, and bars during the festive season, digital gold has been attracting attention from investors seeking convenience and systematic wealth accumulation.Digital gold allows investors to benefit…
The average long-term US mortgage rate declined again this week, hovering just above its lowest level for 2025, as easing Treasury yields and Federal Reserve rate expectations continued to bring relief to borrowers, according to mortgage buyer Freddie Mac.Freddie Mac said on Thursday that the average rate on a 30-year mortgage slipped to 6.27% from…
Gold prices are likely to stay firm amid global uncertainty, with the dollar and rupee expected to trade in narrow ranges as tariff tensions and geopolitical risks keep markets volatile, Director of Commodities and Currencies at Anand Rathi, Naveen Mathur, said in an interview with ET.He noted that the dollar index, which touched a three-month…
Markets regulator Sebi is taking steps to enhance institutional participation in both agricultural and non-agricultural commodity markets, aiming to make them more appealing for hedging activities, its chairman Tuhin Kanta Pandey said on Thursday, PTI reported.Speaking at the Bloomberg Forum for Investment Management, Pandey said, “We are looking to enhance institutional participation to make this…
Dimon expressed a measured view on gold ownership whilst acknowledging its potential value in current circumstances. Jamie Dimon, the JPMorgan Chase & Co CEO, who is long known to be a skeptic on gold investment, has said that he now sees a ‘semi-rational’ in having the yellow metal as part of your investment portfolio.Gold prices…
