Gold prices saw an increase on Friday, driven by escalating U.S.-Iran tensions. These geopolitical events fueled energy prices and inflation concerns, impacting market sentiment. Higher inflation fears reinforced expectations of potential U.S. interest rate hikes by the Federal Reserve. While gold is a hedge against inflation, higher rates typically pressure the non-yielding metal. Other precious metals like silver, platinum, and palladium also experienced weekly losses.
Lohia Corp IPO opens on July 23: Here’s all you need to know
Lohia Corp will launch its IPO on July 23, with the issue comprising a pure offer for sale of over 2.59 crore shares. The technical