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Gold soars to a new high as economic uncertainty deepens, what you need to know the gold?

As economic uncertainty deepens worldwide, gold prices have notched more and more record highs. That’s because gold sales can rise sharply when anxious investors seek “safe havens” for parking their money. Gold’s current rally arrives as U.S. President Donald Trump continues to announce new tariffs on economic allies and foes alike, roiling financial markets into volatility and threatening to reignite inflation for families and businesses alike. Recently, the International Monetary Fund said that outlooks for economies worldwide, including the U.S., have significantly worsened in the wake of Trump’s sweeping tariffs and the uncertainty they have created. And Trump’s recent threats

Asia shares trade mixed as uncertainty persists over Trump’s tariff plans

TOKYO, April 24, 2025 (AP) — Asian shares traded mixed Thursday, as worries crept back following a Wall Street rally that came after President Donald Trump appeared to back off his criticism of the Federal Reserve and his tough talk in his trade war. Japan’s benchmark Nikkei 225 added nearly 0.9% in morning trading to 35,168.80. Australia’s S&P/ASX 200 rose 0.6% to 7,966.50. South Korea’s Kospi lost 0.5% to 2,513.17. Hong Kong’s Hang Seng declined 0.3% to 22,005.16, while the Shanghai Composite gained 0.4% to 3,309.12. Calling Trump’s policy announcements “headline turbulence,” Tan Jing Yi of the Asia & Oceania

Stock markets decline in early trade after 7-day rally

Mumbai, Apr 24 (PTI) Equity benchmark indices Sensex and Nifty declined in early trade on Thursday amid profit-taking after a seven-day rally and muted trend in Asian markets. The 30-share BSE benchmark declined 242.01 points to 79,874.48 in early trade. The NSE Nifty went down by 72.3 points to 24,256.65. In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent and the Nifty jumped 1,929.8 points or 8.61 per cent. From the Sensex firms, Eternal, Bharti Airtel, ICICI Bank, Mahindra & Mahindra, HCL Technologies, Reliance Industries, and HDFC Bank were among the laggards.

Rupee falls 22 paise to 85.67 against US dollar in early trade

Mumbai, Apr 24 (PTI) The rupee depreciated 22 paise to 85.67 against the US dollar in early trade on Thursday, weighed down by negative domestic equities amid significant geopolitical escalation that has injected fresh uncertainty into the regional risk perception. Forex traders said heightened geopolitical tensions, following a terror attack in Pahalgam, Jammu & Kashmir weighed on market sentiment. On the global front, the US dollar index surged from its recent low of 97.92 to 99.94, marking a notable comeback driven by optimism around a potential de-escalation in US-China trade tensions, they added. At the interbank foreign exchange, the domestic

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