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.
Govt prioritising lower denomination notes and digital transactions: Sitharaman
Union Finance Minister Nirmala Sitharaman emphasized the government’s focus on promoting lower denomination currency and increasing digital transaction awareness. With the Rs 2000 note nearly
May 31, 2025