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.
Reliance Infrastructure seeks shareholders’ nod to raise Rs 3,000 crore via QIP
Reliance Infrastructure approved raising Rs 3,014 crore through a preferential issue to promoter group companies and other investors. The company also seeks shareholder approval for