A gauge of global stocks was set for its biggest weekly drop in two months and the 10-year U.S. Treasury yield hit its highest level in 5-1/2 months on Friday as economic data and comments from Federal Reserve officials suggested a slower pace of interest-rate cuts ahead. Fed Chair Jerome Powell said on Thursday the central bank did not need to rush to lower interest rates.
Open FlipEuropen shares slipped on Friday, weighed down by disappointing earnings, concerns about the impact of U.S. President-elect Donald Trump's policies on global economies and businesses and a jump in Treasury yields. European shares fell 0.8% on Friday, led by pharmaceutical companies, amid concerns over Trump's policies, rising Treasury yields, and disappointing earnings.
Open FlipGold and Silver Prices Today: Gold prices observed a slight increase on Saturday. The cost of 24 carat gold is Rs.7594.3 per gm, reflecting an increment of Rs.130.0. The cost of 22 carat gold is Rs.6963.3 per gm, which has risen by Rs.120.0.The price change in 24 carat gold over the past week has been 3.27%, while over the last month, it has experienced a change of 1.66%.
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