BMC to continue ‘shutdown’ drive against commercial activity in residential areas

Jefferies’ Christopher Wood highlights a sharp divergence in market returns: while the S&P 500 has doubled in dollar terms since early 2023, it has fallen 21% relative to gold. He warns that efforts to suppress US bond yields could weaken the dollar, boosting alternative assets such as gold and Bitcoin.

Gold and silver prices dipped on the MCX Monday, ending a four-day rally as investors took profits. This occurred despite easing concerns about U.S. Federal Reserve rate hikes, following softer jobs data and falling oil prices.

RCF shares witnessed an uptick on Wednesday after the state-owned fertiliser maker’s board approved raising up to Rs 1,500 crore through a further public offering (FPO). The proposal, aimed at issuing fresh equity shares, is subject to approvals from shareholders, the Department of Fertilizers, the Government of India and DIPAM.