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.
Finance Ministry eases rules for bonus share issue by companies in FDI-barred sectors
The finance ministry has amended rules, effective June 11, 2025, allowing Indian companies in restricted FDI sectors to issue bonus shares to existing non-resident shareholders,
June 12, 2025