Precious metals saw a sharp overnight rise. Market strategist Hugh Johnson notes global uncertainties are shaping these moves. He advises caution on gold and silver, suggesting speculative demand may ease. The US dollar is under pressure. Johnson expects a steady Fed chair pick, likely Kevin Warsh, who understands central bank independence.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.