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2025-05-19 03:56:11| The Economic Times

Gold prices surged over 1% on Monday, fueled by a weaker dollar and renewed trade tensions sparked by U.S. Treasury Secretary Scott Bessent's reaffirmation of President Trump's tariff threats. Spot gold reached $3,247.40 an ounce, while U.S. gold futures hit $3,251.90.

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2025-05-19 03:47:01| The Economic Times

Vodafone Idea shares plummeted after the Supreme Court rejected its plea to waive over $5 billion in interest and penalties on statutory dues. The telecom operator, burdened with $25 billion in net debt, had sought relief from the Department of Telecommunications, warning about its survival. Despite the government converting some dues into equity, the company faces significant financial stress.

Category: News and Media

2025-05-19 02:46:26| The Economic Times

In April, mutual fund managers adopted a cautious approach to stock purchases. Geopolitical tensions between India and Pakistan, along with US-China trade war uncertainties, influenced their decisions. Fund managers selectively bought stocks in capital goods and power sectors, focusing on those with significant price corrections.

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