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Gold prices are expected to stay choppy in the coming week as investors brace for a heavy line-up of US economic signals, including the jobs report, Federal Reserve meeting minutes and a speech by Fed Chair Jerome Powell. Analysts said the data flow and commentary from Fed officials will shape expectations around a potential December…
Commerce and industry minister Piyush Goyal has indicated that India is keeping every option open as it looks at the possibility of restarting free trade agreement (FTA) talks with Canada. His comments follow a fresh round of ministerial interactions aimed at lifting bilateral engagement. “All options open…” Piyush Goyal on ongoing India-Canada talks after two…
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Gold prices surged to fresh lifetime highs on Tuesday, extending their rally as investors sought the safety of precious metals amid heightened geopolitical uncertainty and growing bets on interest rate cuts by the US Federal Reserve next year. The renewed buying momentum pushed both metals to record levels across domestic and global markets. On the…
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Bitcoin came within touching distance of $70,000 on Wednesday before pulling back to around $68,300 in Thursday morning trading, a nearly 5% swing from the session high to the overnight low of $67,700. The move marks the strongest attempt to reclaim the $70,000 level since the Feb. 5 crash but stopped short of a clean…
India’s foreign exchange reserves recorded their biggest weekly drop in 14 months as the central bank sold dollars to support a weakening rupee, analysts said.The holdings in the week ended Jan 2 fell by $9.9 billion to $552 billion. During the week, the rupee fell 0.4% against the dollar due to foreign fund outflows and…
Strategy (MSTR), the largest publicly traded holder of bitcoin BTC$87,367.86, resumed purchases after boosting its US dollar reserves to $2.2 billion the prior week. The company acquired 1,229 bitcoin last week for $108.8 million, at an average price of $88,568 per coin, according to a filing released Monday morning. Total holdings increased to 672,497 BTC,…
MUMBAI: SaaS unicorn Amagi Media Labs is set to get listed on the bourses later this month, joining a clutch of startup peers heading to Dalal Street. At the upper end of the IPO price band set at Rs 361 per share, the total issue size is Rs 1,789 crore. The company is raising up…
