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Gold jumps Rs 5,091 to Rs 1.44 lakh/10g as soft dollar boost safe-haven demand

New Delhi (PTI): Gold prices climbed Rs 5,091 to Rs 1.44 lakh per 10 grams in futures trade on Wednesday amid strong global trends and a weak US dollar. On the Multi Commodity Exchange, gold for the April contract appreciated by Rs 5,091, or 3.66 per cent, to Rs 1,44,003 per 10 grams. Analysts said the rally in bullion was driven by improving sentiment in global commodities market. “Gold prices experienced a notable rally on Wednesday driven by easing geopolitical tensions surrounding the US-Iran conflict and expectations of potential interest rate cuts amid inflation projections,” Gaurav Garg, Research Analyst at

Iran military spokesperson says US is negotiating with itself

March 25 (Reuters) – The United States is negotiating with ​itself, an Iranian military spokesman ‌said according to state media on Wednesday, a day after U.S. President Donald ​Trump said Tehran wants to ​make a deal to end the ⁠war in the Middle East. A 15-point ​plan aimed at putting an end ​to the conflict was drafted by Washington and sent to Tehran, a person familiar ​with the matter told Reuters on ​Tuesday. “Has the level of your inner struggle reached ‌the ⁠stage of you negotiating with yourself?” Ebrahim Zolfaqari, spokesperson for the unified command of Iran’s armed forces, ​Khatam

Congress gets final eviction notices for Akbar Road, Raisina Road offices

New Delhi, Mar 25 (PTI) The Congress party has received notices from the Estate department to vacate its 24, Akbar road office and 5, Raisina Road premises in Lutyens Delhi by March 28, according to sources. The party faces eviction of its old party office, which it has held since 1978, as this is the final notice sent by the estate department. The party continues to have its headquarters at its Akbar Road office, while the Indian Youth Congress functions from the Raisina Road premises. The sources said that the notice was delivered a few days and has not even

Western powers were unable to secure shipping in the Red Sea. Hormuz will be harder

LOS ANGELES/LONDON, March 25 (Reuters) – The Western allies trying to negotiate a way to protect the Strait of Hormuz for energy shipping face a stark reality: a similar effort in the Red Sea that started years earlier cost billions of dollars and ultimately failed against Yemen’s Houthis. The costly Red ​Sea experience – four ships sunk, more than $1 billion in weapons expended, and a route that the shipping industry still largely avoids – looms over the more complex Strait of Hormuz, the shipping artery used by ‌roughly a fifth of global oil and liquefied natural gas supply and

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