Gold prices dropped significantly on Monday. A stronger US dollar and reduced expectations of Federal Reserve interest rate cuts pressured the precious metal. Geopolitical tensions in the Middle East, particularly concerning Iran and the Strait of Hormuz, also influenced market sentiment. Higher oil prices raised inflation concerns, impacting gold’s appeal as an inflation hedge.Read More
The dollar remained steady as the yen neared 160 against the dollar amid escalating Iran conflict. President Trump issued a Tuesday deadline to reopen the Strait of Hormuz, threatening strikes on Iranian infrastructure. Investors are treating the situation as an oil-to-inflation-to-rates problem, favoring the dollar as a safe haven.Read More
Safety Controls and Devices’ Rs 48 crore IPO opened with a flat grey market premium, signaling cautious investor sentiment. The company, an EPC player in substations and solar projects, aims to raise funds for working capital and debt repayment. Despite a solid anchor investor base and government-linked projects, execution risks and SME liquidity are key considerations for potential investors.Read More
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