Gold prices soared close to a two-month peak on Thursday after the U.S. Treasury announced bolstered liquidity measures. With yields falling and the dollar weakening, gold became increasingly attractive to investors. This move comes in light of persistent inflation fears and looming interest rate hikes, highlighting gold’s reputation as a secure haven during times of financial instability.
Lalithaa Jewellery Mart IPO allotment expected today; GMP at 27% — Here’s how to check status
The IPO, which opened for subscription on August 17 and closed on August 19, received an overwhelming response, with the issue subscribed 62.97 times overall.