Global investment bank Goldman Sachs has sharply raised its year-end gold price forecast to $3,700 per troy ounce, up from its earlier estimate of $3,300, according to a report from Reuters, which cited the Wall Street giant’s latest commodity outlook. The bank attributes the bullish revision to stronger-than-expected central bank demand and mounting recession risks, … Read more
Anil Agarwal isn’t just watching the gold rally, he’s issuing a call to action. “We have seen it before,” the Vedanta chairman wrote on X. “Whenever there is great uncertainty in the global economy, the price of gold rises to record highs. As the safest investment, gold is going to shine. Forecasts expect it to … Read more
Kannada actor Ranya Rao on Saturday filed a bail petition in the Sessions Court, a day after her request for bail was rejected by a lower court in the gold smuggling case. The Sessions Court is expected to hear the petition on Monday. The Special Court for Economic Offences denied bail to the Kannada actor … Read more
Gold loans: The Reserve Bank of India (RBI) is preparing to implement stricter underwriting standards for gold loans, urging both banks and non-bank financial institutions to enhance their background checks on borrowers. This initiative aims to ensure that financial entities adhere to standard protocols amidst a 50% rise in gold loans since September 2024, news … Read more
There was a premium arbitrage between COMEX and London, wherein market participants sold the COMEX futures and bought the London physical and to mature the COMEX future part, the London physical stocks were brought into the COMEX inventories, Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services (MOFSL) said. Those concerns have eased-off, … Read more
Renowned businessman and author Robert Kiyosaki has once again voiced his bullish stance on silver, calling it the best investment opportunity at the moment in his recent post on social media platform X, suggesting that while gold may surge past $3,000, silver is the asset to watch for explosive gains. “When gold goes through $3,000 … Read more
For the past 5 years since the onset of COVID-19, I have actively invested in SIPs and have been pleased with the growth, especially in the post-Covid era. However, in recent months, the profits have shown a decline. Despite my concerns, my financial advisor reassures me that it is a favorable time to continue investing … Read more
A bone point, which was found by archaeologists at Porpanaikottai in Tamil Nadu’s Pudukottai district. | Photo Credit: Special Arrangement A bone point, probably used as a tool for weaving, and a tiny broken piece of gold, have been unearthed by archaeologists at Porpanaikottai in Pudukottai district where excavations by the State Archaeology Department have … Read more
Bitcoin investment: More than 560 million people worldwide currently own crypto assets, and new and seasoned investors alike are constantly looking for promising new projects to buy into. Bitcoin and other cryptocurrencies have grown in popularity for years; now ETFs are also available. Finfluencer Save Invest Repeat has recently posted on social media X highlighted … Read more
