Fed decisions to set short-term direction for gold prices

Hopes of US Fed’s rate cuts may significantly impact the performance of bullion. Since there is no direct relationship between US interest rates and the price of gold, changes in rates largely affect the value of the US dollar which is inversely correlated to gold.

F&O Ban List: Zee under trade ban on Saturday

On Friday Zee shares ended at Rs 156 on the NSE, down by Rs 4.95 or 3.08%. It was the third successive loss for the counter, which has been in news since the termination of its deal with Sony. Its 1-year losses have now jumped to more than 20%.