Gold prices softened by Rs 110 to Rs 59,965 per 10 grams in the national capital on Monday amid a fall in the metal’s prices overseas, according to HDFC Securities. The precious metal had settled at Rs 60,075 per 10 grams in the previous trade. Silver, however, jumped Rs 290 to Rs 73,040 per kg.
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Share: GBP/USD adds to Friday’s gains and retests the 1.2370/75 band. The greenback trades without direction near 104.20/30. Markets’ attention is expected to be on Friday’s US Payrolls. Despite the broad-based range bound theme in the global markets, GBP/USD manages to gather further upside impulse and revisit the 1.2370 region on Monday. GBP/USD looks at
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Singapore investment firm Temasek Holdings has reduced compensation for the execs responsible for the firm’s investment into the now-defunct crypto exchange FTX.  Temasek was once the second-largest outside investor of FTX, with 7 million shares, according to Forbes. The firm however was forced to answer for its investment play after the exchange collapsed. According to
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The near-term outlook for gold remains weak as the US debt ceiling crisis nears a resolution and the Dollar Index remains strong. Traders can look to book profits in gold and silver futures. As for buyers of physical gold and silver, the correction will bring an opportunity to buy bullion. The price of physical gold
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Share: People’s Bank of China (PBOC) set the USD/CNY central rate at 7.0575 on Monday, versus previous fix of 7.0760 and market expectations of 7.0574. It’s worth noting that the USD/CNY closed near 7.0625 the previous day. “China central bank says to conduct 5 billion yuan 3-month central bank bill swap on May 29,” reported Reuters. “With 2
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