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Gold steadies ahead of Fed verdict; trade optimism limits upside

Oct 29 (Reuters) – Gold prices inched higher on Wednesday, ahead of a widely expected interest rate cut from the Federal Reserve, although easing U.S.-China trade tensions kept bullion strength in check. Spot gold was up 0.2% at $3,957.42 per ounce, as of 0257 GMT, after dropping to its lowest point since October 7 on Tuesday. U.S. gold futures for December delivery eased 0.3% to $3,971.20 per ounce. “The fuel for this short-term correction in gold is a readjustment of safe-haven instrument towards more response instrument like global equities due trade optimism,” OANDA senior market analyst Kelvin Wong said. “In

TMC’s Abhishek Banerjee slams SIR as BJP’s plot to ‘select voters’, warns of massive protest

Kolkata, Oct 28 (PTI) TMC leader Abhishek Banerjee on Tuesday attacked the BJP and the EC over the announcement of the SIR (Special Summary Revision) of electoral rolls in West Bengal, alleging that the exercise was designed to “exclude” genuine voters and tilt the political balance ahead of the 2026 state polls. Banerjee alleged that the EC was rushing through a “mammoth task” that took two years in 2002, with the intent of bringing the state administration under its control so that the elected government cannot function. “The BJP’s allied organisation, EC, has announced SIR yesterday. This process is not

INDIA bloc releases manifesto for Bihar polls; promises govt jobs, free power, OPS restoration

Patna, Oct 28 (PTI) The INDIA bloc on Tuesday released its manifesto for the Bihar assembly polls, promising, among other things, a government job to one member of every household, restoration of old pension scheme and 200 units of free power. The 32-page-long ‘Bihar ka Tejashwi Pran’ (Tejashwi’s resolve) was released at a crowded press conference where the 35-year-old RJD leader was joined by alliance partners. The INDIA bloc manifesto for the Bihar polls has 25 major points assuring practical solutions, Yadav said at the manifesto release. “A new law guaranteeing employment would be introduced within 20 days of the

Gold plunges Rs 4,100 to Rs 1,21,800/10g; drops below USD 4,000-mark in global markets

New Delhi, Oct 28 (PTI) Gold prices dropped by Rs 4,100 to Rs 1,21,800 per 10 grams in the national capital and slipped below USD 4,000 an ounce in the global markets on Tuesday as easing US-China trade tensions dampened safe-haven appeal. According to the All India Sarafa Association, the precious metal had closed at Rs 1,25,900 per 10 grams on Monday. In the local bullion market, gold of 99.5 per cent purity also tumbled by Rs 4,100 to Rs 1,21,200 per 10 grams (inclusive of all taxes) from its previous close of Rs 1,25,300 per 10 grams. “Gold dipped

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