The dollar coasted at the bottom of its recent range on Tuesday, as softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher.
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New Delhi, May 25 (IANS) A day after holding back a hike, the oil marketing companies (OMCs) on Tuesday increased the pump price of petrol and diesel across the country with global oil showing signs of firming amidst reports that Iranian oil may not hit the markets soon.
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Seoul, May 25 (IANS) Samsung Electronics maintained its status as the world s leading TV vendor with a record market share in the first quarter, a report showed on Tuesday, as the tech giant posted robust growth on the back of its QLED and large TVs.
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Mumbai, May 25 (IANS) With the number of Mucormycosis or Black Fungus cases on the rise in Maharashtra, the state will get 60,000 vials of the Amphotericin B injection early June, Health Minister Rajesh Tope said here on Tuesday.
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Dollar slides to 4-1/2 month low Palladium climbs nearly 1%
May 25 (Reuters) - Gold steadied near its highest in more than four months on Tuesday, buoyed by a weaker dollar but with gains capped after U.S. Federal Reserve officials soothed fears about inflation.
Spot gold had risen 0.12% to $1,883.36 per ounce by 0930 GMT, not far from its highest in 4-1/2 months hit on Wednesday.
U.S. gold futures were little changed at $1,884.30.
While the macroeconomic background and the weaker dollar is still supportive for bullion, “gold is increasingly starting to show signs that it needs to just consolidate” following a strong rally since April, said Saxo Bank analyst Ole Hansen.