Gold prices tumbled nearly 3% on Monday. A possible Israel-Hezbollah ceasefire eased geopolitical worries. Scott Bessent’s Treasury nomination also impacted gold. The precious metal lost its safe-haven allure. Traders now eye the Federal Reserve’s November meeting minutes and economic data. These will offer clues about future interest rate decisions. Other precious metals like silver, platinum, and palladium also declined.
HUL gives in-principle nod to demerger of ice-cream business into separate listed entity
Hindustan Unilever’s board has granted preliminary approval to spin off its ice cream business into a separate publicly listed company. Shareholders will receive stock in
November 25, 2024