Gold prices saw a slight uptick on Friday but are poised for their first weekly decline in five weeks. Lingering inflation worries and the volatile U.S.-Iran conflict are keeping markets on edge. While recent diplomatic efforts hint at de-escalation, investor sentiment remains cautious, influencing gold’s trajectory amidst fluctuating oil prices and interest rate expectations.
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upside
The RBI has cancelled Paytm Payments Bank’s license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative