Gold Loses Shine, But Silver Keeps Running Fast – How Did Prices Move Last Week?
Gold prices have shown some weakness, and its shine looks a little dull for now. On the other hand, silver is moving ahead strongly and continues its upward journey in the bullion market.
Gold Breakout Alert: Neal Bhai said that spot gold is currently near an important breakout level of $4355. He explained that gold must close above $4355 to confirm a strong upward move. Without a clear closing above this level, gold prices may continue to move sideways.
Gold (XAU/USD) Gold (XAU/USD) regains ground on Friday, edging modestly higher after earlier weakness, even as a resilient US Dollar (USD) caps upside momentum. At the time of writing, XAU/USD trades around $4,345, recovering from a daily low near $4,309.
Shriram Finance Limited (SFL) has entered into a definitive agreement with MUFG Bank Ltd., Japan’s largest bank and a part of Mitsubishi UFJ Financial Group (MUFG), for an investment of Rs 39,618 crore, the company informed stock exchanges in a regulatory filing on Friday.
ITR filing FY 2024-25: The Income tax department (ITD) on Thursday said the recent communications sent to some taxpayers regarding their transactions are advisory in nature and aimed at facilitating voluntary compliance, not initiating enforcement action.
Nike Struggles: Nike’s efforts to reinvigorate its business are showing some results despite continued challenges in China and with its ailing Converse brand.
(Bloomberg) — US stocks are poised to close out a choppy week on a steady note as traders gear up for the year-end stretch that’s typically supportive of equities. Bond yields advanced following the Bank of Japan’s interest-rate hike.