New Delhi, May 2 (IANS) Gold prices dipped 0.81 per cent during the week as negotiations between the United States and Iran stalled, denting hopes for near‑term interest‑rate cuts. On Friday, MCX gold June futures gained 0.01 per cent while MCX silver May futures inched up 0.49 per cent. Currently, gold futures stand at Rs 1,51,363, while silver futures stand at Rs 2,47,500 per kg.The price of 10 grams of 24-carat gold was at Rs 1,50,263 on Thursday, down from Rs 1,51,495 seen on Monday mark…
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Washington, March 25 (IANS) Oil markets swung sharply as investors weighed fears of a prolonged Middle East conflict against signs of possible diplomatic progress, with prices briefly topping $100 before retreating.Wall Street struggled for direction. Crude rose, bonds sold off, and stocks fell as conflicting signals emerged from Washington and the region, according to reporting by The Wall Street Journal.Front-month Brent crude climbed 4.6 per cent to $104.49 a barrel, while West Texas Intermed…
Washington, March 11 (IANS) The White House said that the United States is determined to keep the Strait of Hormuz open as the war with Iran intensifies, stressing that President Donald Trump will not allow Tehran to disrupt global energy supplies.White House Press Secretary Karoline Leavitt said the administration has made protecting the vital shipping lane a central objective of Operation Epic Fury, the US military campaign against Iran.“President Trump reiterated his commitment toward keepi…
Washington, Feb 6 (IANS) Treasury Secretary Scott Bessent has told lawmakers that economic growth and household security are now central to safeguarding the financial system.Testifying before the Senate Banking Committee on Thursday, Bessent said the Financial Stability Oversight Council (FSOC) has moved away from what he called a reflexive approach to regulation. “Promoting economic growth and economic security is essential to ensuring financial stability,” he said.The hearing marked the fi…
Washington, Jan 30 (IANS) US President Donald Trump on declared a national emergency over what he described as an “unusual and extraordinary threat” posed by the Government of Cuba, ordering the creation of a new tariff system that could penalise countries supplying oil to the island.In an executive order signed at the White House, Trump said the policies, practices, and actions of the Cuban government threaten the national security and foreign policy of the United States and warrant emergen…
Washington, Jan 23 (IANS) The United States on Friday announced a new round of sanctions targeting what it described as Iran’s “shadow fleet,” as Washington moved to further restrict revenue streams it says are being used to repress the Iranian people and finance destabilising activities abroad.The Treasury imposed sanctions on eight entities and nine vessels involved in transporting Iranian petroleum and petroleum products, including liquefied petroleum gas.Treasury Secretary Scott Bessen…