Gold prices held steady on Tuesday to hover near record highs scaled in the previous session, as markets anticipate the beginning of a U.S. easing cycle, with expectations that it might start with an outsized rate cut. Spot gold was flat at $2,582.84 per ounce, as of 0020 GMT. Bullion rose to a record high of $2,589.59 on Monday.
Open FlipThe Securities and Exchange Board of India (Sebi), helmed by Madhabi Puri Buch, has withdrawn its September 4 press statement in which it had blamed external elements for employee agitation at the market regulator. The U-turn comes after Sebi officers across grades protested against the September 4 media release, describing it to be a fake narrative against them.
Open FlipMicrosoft said on Monday its board has approved a new share buy back program of up to $60 billion. The tech giant declared a quarterly dividend of $0.83 per share, reflecting an 8 cent, or 10%, increase over the previous quarter. Microsoft said it will hold its annual shareholders meeting on Dec. 10. In July, the company said it will spend more this fiscal year on AI infrastructure.
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