Gold prices recently surged to a new lifetime high, driven by uncertainty surrounding US presidential elections and declining job numbers, despite reports of weak demand from China. The metal has been on a bullish trend, supported by escalating geopolitical tensions, US Federal Reserve rate cuts, a weak global growth outlook, and strong demand from central banks. In India, gold prices have doubled over the past five years, with a notable increase of over 24 percent this year.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may