Gold prices steadied near the previous session's two-month lows on Friday and were poised for their worst weekly performance in over three years as a rallying U.S. dollar and expectations of less aggressive interest rate cuts by the Federal Reserve pressured the precious metal. Spot gold was flat at $2,566.09 per ounce as of 0943 GMT. Prices have fallen more than 4% so far this week.
Open FlipThe year is winding down, but the bull markets are still charging ahead, getting a boost from improved sentiment after the presidential election. Two penny stocks, 📌Genelux Corporation (GNLX) and 📌SAB Biotherapeutics (SABS), have earned Strong Buy ratings from Wall Street analysts and are expected to triple or more in the coming year.
Open FlipThe state cabinet on Thursday approved the release of Rs 115 crore from the state plan fund to the Patna Metro Rail Corporation (PMRC) for implementing the primary corridor of the Patna Metro project. A portion of these funds will be used by the Delhi Metro Rail Corporation (DMRC) for track work, lift and escalator installations as well as the supply of train sets.
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