Tue, Feb 27, 2024 9:33 PM
Gold rebounds as US dollar, yields slip with eyes on Fed guidance
A Flip by Avya Verma
Gold prices experienced a minor decline on Sunday. The price of 24 carat gold is Rs.7582.3 per gram, a reduction of Rs.120.0. The price of 22 carat gold is Rs.6952.3 per gram, decreasing by Rs.110.0.The price change in 24 carat gold over the past week has been 4.12%, while in the last month, it has shown a decrease of 4.42%. The current price of silver stands at Rs.92600.0 per kg.
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TikTok’s parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters. ByteDance reached out to investors in recent weeks, offering a price of $180.70 per share, the people said.
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US inflation is proving stubborn while consumer spending shows scant signs of any concerning slowdown, laying the groundwork for a more cautious approach to interest-rate cuts from the Federal Reserve. Even though inflation has dropped notably over the past two years, the government’s October consumer price report underscored the challenge facing Fed officials.
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