Friday, 28 March 2025 Gold prices in Mumbai have reached a record high, surpassing Rs 91,000/10gm, driven by global uncertainties and tariff wars. Silver prices have also surged, crossing Rs 1 lakh/kg mark. A report by Goldman Sachs has further boosted gold's outlook with a new target price of $3,300 for 2025.
The Supreme Court has instructed the CBI to launch seven preliminary investigations into suspected collusion between major banks and real estate developers.. IndiaTimes
A Delhi court has extended the NIA custody of Tahawwur Rana, an accused in the 26/11 Mumbai terror attack, by 12 days. The NIA sought the extension to confront.. IndiaTimes
While seeking an extension of his remand, the NIA argued that Rana had been evasive during questioning and was not cooperating with the investigation. The agency.. DNA
A Delhi court has extended the NIA custody of Tahawwur Rana, a key accused in the 26/11 Mumbai terror attack, by an unspecified number of days. Rana, facing.. IndiaTimes
A fire erupted at approximately 2:30 am on Sunday in Mumbai's Kaiser-I-Hind building, which houses the Enforcement Directorate (ED) office. The fire, confined to.. IndiaTimes
China-US Tariff War: President Donald Trump has declared a 90-day pause on all new "reciprocal" tariffs, excluding China, which now faces a 125% levy. The decision triggered a massive rally on Wall Street, with the S&P 500 seeing its best day since 2008. Trump emphasized the need to avoid hurting friendly nations. However, economists remain cautious—Goldman Sachs warns of a 45% chance of a U.S. recession. Despite market optimism, analysts suggest the pause may not fully counteract the economic turbulence sparked by the ongoing global trade war.
#TrumpTariffs #TradeWar #USChina #RecessionFears #WallStreet #TariffPause #NasdaqRally #S&P500 #GlobalMarkets #Economy2025 #GoldmanSachs #JoeBrusuelas #USPolicy #FinancialMarkets #AsiaMarkets #MarketRally #TrumpSpeech #GlobalTrade #ChinaTariffs #ReciprocalTariffs
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Goldman Sachs has raised the odds of a major US and global recession, warning that President Trump’s new tariffs could trigger a sharp economic downturn. Amid rising market panic and tightening financial conditions, Goldman forecasts a 45% chance of recession and slashes the US growth forecast for 2025 to 0.5%. The move comes after a global market meltdown, with China experiencing its biggest crash since 2008 and the EU facing harsh tariffs of 20%. Meanwhile, JPMorgan highlights US trade policies as the biggest risk to the global economic outlook, as retaliation, supply chain disruptions, and business uncertainty intensify. With Wall Street witnessing a $6.6 trillion wipeout in just two days, investor Bill Ackman warns that these policies could lead to an "economic nuclear winter." As countries like Canada and the EU consider stronger responses, the global trade landscape enters a volatile new phase.
#Trump #StockMarketCrash #Economy #RecessionFears #FederalReserve #JPMorgan #GlobalRecession #Tariffs #TradeWar #WallStreet #ChinaCrash #USEconomy #GoldmanSachs #InterestRates #EconomicChaos
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