Gold surges to 7-year high over US-Iran tensions


Mumbai, Jan 6 | Spot gold prices on Monday jumped over 2 per cent to $1,587 an ounce, their highest level since April 2013 owing to the escalating US-Iran tensions.

Other safe haven assets also edged higher owing to the war-like situation between the two biggest oil producing countries, following the US attack and killing of a top Iranian military commander.

Iranian General Qasem Soleimani, was killed last week in Iraq by a US drone, sending global financial markets into a tailspin ever since.

Iran on Sunday said it will no longer abide by any of the limits imposed by 2015 nuclear deal, sparking fears of a military conflict. Besides, Iraq’s parliament urged its leaders to expel US-led coalition troops from the country.

Gold prices on Monday also drew support from the weakening rupee against the US dollar, as India is one of the biggest importers of Gold. Bullion prices jumped to Rs 41,096 per 10 gram.

The rupee slipped beyond Rs 72 a dollar. At 1.39 p.m. on Monday, it was trading at Rs 72.02 a dollar, lower by 21 paise on its previous close.

“Going forward, the major focus will continue to be on developments related to geopolitical tensions in the Middle East and its impact on global sentiments. Escalating tensions may dent market risk appetite and weigh down on riskier assets like global equity markets and commodities like base metals,” said Ravindra Rao, VP and Head Commodity Research of Kotak Securities.

“However, this may continue to lend support to safe haven assets like gold and silver and will also be supportive to crude oil prices amid worries over supply disruption from the region. The Middle East accounts for nearly half of the world’s oil production, while Iraq is the second largest producer among the Organization of the Petroleum Exporting Countries (OPEC)”, Rao added.

In a series of aggressive tweets, US President Donald Trump said on Sunday: “They (Iran) attacked us, & we hit back. If they attack again, which I would strongly advise them not to do, we will hit them harder than they have ever been hit before!

Source: IANS

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From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

Gone are the days when one had to finish school, college and subsequent years in getting trained to be able to sustain oneself with decent income. Today, what you earn eventually depends upon your skillset and how early you got started to build an expertise in your domain.

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Manthan explains how he started off by writing for blogs with whatever knowledge he had and with the help of internet, this could be by either writing for your own online blog, for instance Manthan was interested in Tech, so he was writing for his blog ‘TechCrack‘ or for someone else in the capacity of a content writer.

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Your journey to become a digital marketer starts the day you take the step of self-educating yourself and learning the tricks to attract potential customers either by way of Google, Facebook, or any other digital platform by a host of scalable ways on the internet, undoubtedly, digital marketing is the hottest online work from home concept of this decade.

Manthan is today a successful digital marketer who has equipped himself with the advanced knowledge of online ads on various mediums and has effectively used these skills to generate incredible revenue over time.

These are some of the best ways to get started, according to Manthan, all


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