As gold prices breached Rs 1 lakh per 10 grams on MCX for the first time, a decades-old Bollywood clip featuring Shakti Kapoor went viral for “predicting” the surge. While analysts cite geopolitical tensions and safe-haven demand for the rally, social media hailed Kapoor as an accidental financial guru, adding humor to an otherwise intense market moment.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.