Gold prices are climbing, nearing an eighth consecutive weekly gain. Global uncertainty and anticipated US Federal Reserve rate cuts are driving demand for the precious metal. Investors are seeking safety amidst political turmoil in Japan and France, and a US government shutdown. This trend suggests continued strength for gold as a hedge against economic instability.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO