Dashboard

Financial News

Gold holds steady as traders gauge economic impact of Middle East war
economictimes_indiatimes35d ago

Gold holds steady as traders gauge economic impact of Middle East war

Gold prices held steady on Friday. Investors are watching the escalating Middle East conflict. This situation impacts the global economy. Spot gold remained firm. US gold futures saw a slight increase. The dollar weakened, making gold cheaper for some buyers. Geopolitical uncertainty has driven gold up significantly this year. Investors await key US employment data later today.

#COMMODITIES#ECONOMY
In a first, BoB raises Rs 10,000 crore from green infra bonds
toi35d ago

In a first, BoB raises Rs 10,000 crore from green infra bonds

Bank of Baroda has successfully raised ten thousand crore rupees through its Series I green infrastructure bonds. This marks a significant milestone as the first bank in India to issue domestic green bonds. The seven-year bond attracted substantial investor interest, exceeding expectations. These funds will now support India's infrastructure development and its transition to a greener future.

#STOCKS
Rupee gains 55 paise to close at 91.6/$ as RBI intervenes
toi35d ago

Rupee gains 55 paise to close at 91.6/$ as RBI intervenes

The rupee strengthened by 55 paise to close at Rs 91.6 per dollar on Thursday, recovering from a record low. The Reserve Bank of India intervened through state-run banks in both non-deliverable forward and spot markets to support the domestic unit. Sentiment improved marginally on reports of Iran's conditional willingness to abandon its nuclear program.

#STOCKS
Australian dollar climbs as a positive risk mood leads to US dollar selling
forexlive35d ago

Australian dollar climbs as a positive risk mood leads to US dollar selling

The mood is improving in Asia.The steady selling of risk assets and flight to the US dollar has given way to some optimism in Asia and that's reflected in decent bids in the Australian dollar and broad USD weakness. That's come with some oil selling as the US floats more measures to stop the runaway rise in crude prices.Notably, gold remains strongly bid as it has all week in Asia-Pacific hours. It just hit a session high, up $31 to $51.06. S&P 500 futures are fractionally higher but the Nikkei's early bounce has given way to selling and it's down 1.3%, falling below the initial opening levels. As for the Australian dollar, it's been a challenging week to trade as it's mostly been bounced around by war and oil sentiment. Early this week, the GDP numbers were strong and combined with oil prices, that should boost the odds of a rate hike but that hasn't been reflected in the currency.Technically, AUD is showing some resilience near the best levels of the year. The lows from the early spike lower due to the war have held.That's a good sign for AUD/USD going forward as it continues to benefit from being on the periphery of the war and the tariff war. It will also benefit from China stimulus, which the NPC hinted at this week. The biggest tailwind is probably in commodity markets, where Australian has much of what the world wants, including gold.Canada's Mark Carney is visiting and helped to forge a critical minerals partnership that should clear the way for more investment. Australia has largely managed to play all sides including China and the US while avoiding turmoil in the property market. That could set up a steady bid once some of the war clouds clear. This article was written by Adam Button at investinglive.com.

#COMMODITIES
Will Bitcoin Go Back Up Past $80K in March? XRP and Solana Rally While Pepeto Offers More
techbullion35d ago

Will Bitcoin Go Back Up Past $80K in March? XRP and Solana Rally While Pepeto Offers More

Will Bitcoin go back up? That question had every investor frozen when BTC slid toward $60,000 and the Fear and Greed Index hit 10, but the conversation shifted fast. BTC has climbed 11% since late February, reclaiming $72,000 as long term holder selling collapsed to its lowest level since the correction began, and the mood [...]The post Will Bitcoin Go Back Up Past $80K in March? XRP and Solana Rally While Pepeto Offers More appeared first on TechBullion.

#CRYPTO
For every Rs 100, women founders get a mere Rs 4 in startup funding: Report
toi35d ago

For every Rs 100, women founders get a mere Rs 4 in startup funding: Report

A stark reality for women entrepreneurs in India's startup scene: for every Rs 100 raised, only Rs 4 reaches women-led ventures. This significant funding gap, highlighted by Kalaari Capital's CXXO initiative, points to a structural market inefficiency, not a lack of female founders.

#STOCKS