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Gold prices remained stable on Tuesday. Investors are closely watching the economic impact of the Middle East conflict. Several central banks are set to announce their policy decisions this week. Higher oil prices are fueling inflation concerns. This is leading markets to reconsider expectations for interest rate cuts. The US Federal Reserve is expected to hold rates steady.
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The U.S. dollar saw little change as traders assessed the Iran war’s impact, while the Australian dollar dipped ahead of an expected rate hike. Concerns over inflation, fueled by surging oil prices, have lifted the dollar against most currencies, with markets anticipating central bank responses to the ongoing crisis.
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As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
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Novus Loyalty’s initial public offering opens Tuesday. The company aims to raise Rs 60 crore through its IPO on the BSE SME platform. The issue includes a fresh share issue and an offer for sale by existing shareholders. Investors can subscribe until March 20. Shares are expected to list on March 25.
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