President Trump has floated the idea of an additional 20% tariff on European goods, potentially set for announcement later on Wednesday. This move revives worries of a transatlantic trade spat, with auto and pharmaceutical sectors reportedly in the crosshairs. Any retaliatory measures from the EU could undermine global growth and apply fresh downward pressure on the Euro.
Who buys the most Gold?
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency.
Gold surges past $3,100 as US tariffs, uncertainty propel safe-haven flows
Gold prices on Monday soared above $3,100 per ounce for the first time as concerns around U.S. President Donald Trump’s tariffs and the potential economic fallout, combined with geopolitical worries, drove a fresh wave of investments into the safe-haven asset.
Sovereign Gold Bonds Discontinued In FY25 On Price Volatility, Global Economic Headwinds: Finance Minister
Finance Minister Nirmala Sitharaman on Tuesday clarified in a written answer that the government’s decision to discontinue Sovereign Gold Bonds in fiscal 2025 was due to rising borrowing costs, citing gold price volatility and global economic challenges.
Vodafone Idea shares surge 20% after government’s spectrum dues conversion
The Vodafone Idea (Vi) stock surged almost 20% Tuesday morning on BSE, just days after the government resolved to convert a sizeable chunk of the telco’s spectrum dues into equity shares worth Rs 36,950 crore.
Goldman Sachs, BofA raise gold price forecasts amid trade-war tensions
Goldman Sachs on Wednesday raised its end-2025 gold price forecast to $3,300 per ounce, up from $3,100, with a target range of $3,250 to $3,520 per ounce. The investment bank cited stronger-than-expected exchange-traded fund inflows and sustained central bank demand as key factors behind the revised outlook.
‘Buy’ City Union Bank, Maintains ICICI Securities, Sees New LOS To Boost Efficiency, Scale, Risk Management
We recently interacted with senior management and select business heads of City Union Bank (CUBK). The bank reiterated its growth guidance of 12–14% YoY for FY25 and acceleration to 15–16% YoY for FY26.