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Gold hits two-week high on safe-haven demand; Fed decision looms

May 6 (Reuters) – Gold prices rose to a two-week high on Tuesday as concerns over U.S. President Donald Trump’s tariff plans boosted interest in the safe-haven metal, while investors awaited the upcoming Federal Reserve policy meeting. Spot gold was up 0.7% at $3,357.63 an ounce, as of 0410 GMT, after hitting its highest level since April 22 earlier in the session. U.S. gold futures climbed 1.3% to $3,366.10. “Gold prices have a strong run-up to start this week, with investors returning to the safe-haven asset to hedge against portfolio volatility amid renewed tariff concerns from U.S. President Donald Trump,”

Markets trade lower in volatile trade ahead of US Federal Reserve’s policy decision

Mumbai, May 6 (PTI) Benchmark indices Sensex and Nifty declined in early trade on Tuesday facing volatile trends as investors preferred to stay on the sideline a day ahead of the US Federal Reserve’s policy decision. Also, range-bound trading prevailed in the markets amid escalating tensions between India and Pakistan following the April 22 terror attack in Pahalgam and concerns over US-China trade negotiations. The 30-share BSE benchmark gauge declined 100.4 points to 80,696.44 in early trade, despite a positive opening. The NSE Nifty dipped 40.15 points to 24,421. From the Sensex firms, Titan, Sun Pharma, Eternal, Reliance Industries, Kotak

Rupee falls 8 paise to 84.38 against US dollar in early trade

Mumbai, May 6 (PTI) The rupee traded in a narrow range in morning trade on Tuesday and fell 8 paise to 84.38 against the US dollar tracking the rise in the dollar index and fall in Asian currencies, amid growing uncertainty and a cautious recalibration of risk appetite. According to forex traders, the USD/INR pair was supported by an overall decline in crude oil prices and sustained foreign fund inflows while ongoing geopolitical tensions between India and Pakistan weighed on investor sentiment, keeping the rupee on edge. At the interbank foreign exchange, the domestic unit opened at 84.28 and fell

Cong chief Kharge writes to PM Modi, calls for dialogue with all parties on caste census

New Delhi, May 6 (PTI) Congress president Mallikarjun Kharge has urged Prime Minister Narendra Modi to draw upon the Telangana model for the caste survey, remove 50 per cent cap for reservation and immediately implement Article 15(5) providing for reservations for SCs, STs and OBCs in private educational institutions. In a letter to Modi, Kharge also called on the prime minister to have a dialogue with all political parties soon on the issue of the caste census. “Conducting any exercise such as the caste census which gives the backward, the oppressed and the marginalized sections of our society their rights

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