Tuesday, August 11
Brokerages are mixed on Hindustan Zinc after its December quarter results, with analysts cheering the company’s strong operating performance, but turning cautious on rich share valuations. The stock rose 2.9% to ₹680.5 on Tuesday following the third-quarter performance. Price targets from Kotak and Nuvama imply a potential downside of about 21% and 13%, respectively, from Tuesday’s close, while Motilal Oswal’s target suggests an upside of around 6%. HSBC and Jefferies see room for gains of about 10% from current levels. 126904923
Gold climbed to a fresh record high on Tuesday, scaling the unprecedented $4,700 an ounce milestone as escalating geopolitical tensions boosted safe-haven demand, while silver also broke above $95 for the first time.Spot gold gained 1.6% to $4,741.96 per ounce by 11:34 a.m. ET (16:34 GMT), after reaching a record high of $4,750.49 earlier in the day. US gold futures for February delivery climbed 3.3% to $4,747.60/oz.“Gold has surged deeper into uncharted territory as investors hedge against rising political risk,” said Fawad Razaqzada, market analyst at City Index and FOREX.com.“A softer dollar is providing an additional tailwind for precious metals, reinforcing gold’s rally at a time when confidence in US assets appears to be wobbling.”Gold, seen as a safe store of value during
Rattled by President Donald Trump's aggression towards Greenland, the European Union is readying counter-measures against the United States. But as primarily a trading bloc of 27 nations, the EU's toolkit is mostly financial instruments, from steep tariffs on US goods to the so-called "trade bazooka" touted by French President Emmanuel Macron. The term is shorthand for the bloc's Anti-Coercion Instrument, or ACI, that could sanction individuals or institutions found to be putting undue pressure on the EU. Those sanctions could inflict untold billions of dollars in costs to US companies by restricting EU market access, barring them from EU public tenders, and potentially limiting foreign direct investment and curtailing the export and import of goods and services. So far, there's little bac
Davos 2026: JPMorgan Chase CEO and chairman Jamie Dimon offered a nuanced defence of tighter U.S. borders, cautioned against broad-brush tariffs and stopped short of fully endorsing Donald Trump’s confrontational style, as he laid out a pragmatic view of how the world’s largest economy should navigate trade, immigration and geopolitical strain.Speaking at the World Economic Forum, Dimon said the United States was right to reassert control over its borders after years of policy failure, arguing that unchecked immigration had damaged social cohesion. At the same time, he urged Washington to move quickly toward a merit-based system and legal pathways for workers essential to sectors such as healthcare, agriculture and hospitality—warning that enforcement without reform would prove econo
