Bank of America has boosted its price targets for gold and silver. Gold is now projected to reach $5,000 per ounce by 2026. Silver’s target is set at $65 per ounce. These forecasts are supported by fiscal deficits and a push for lower interest rates. Silver has already seen significant gains this year, crossing the $50 mark.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs