Gold prices surged for the third straight session as dollar index that measures the strength of the US currency against the basket of other emerging market currencies weakened. The range-bound dollar is on the expectations that Fed in its monetary policy decision will maintain a dovish stance.
Spot gold was up 0.1% at $1,304.91 per ounce as of 0058 GMT.
When you take a loan, one of the foremost considerations is the tax benefit you will get on it. Tax benefits on loans help mitigate the financial burden of repayment, by saving you money on the amount of income tax you need to pay. For some financing instruments like home loans, tax benefits are a given and are an advertised advantage of taking the loan.
The movement in the petrol prices has not been in line with the changes in the crude oil prices and the foreign exchange rate for quite some time now. For example, on Friday, Brent Crude Oil Futures closed 23 cents lower at $67 a barrel and the Indian rupee had hit a fresh six-month high of Rs 69.10/dollar, which would have one assuming the petrol prices would fall.
On Monday, Levi Strauss & Co said that it expects to raise as much as $587 million through its IPO, which would mark its return to the public market after three decades. With a plan to offer 36.7 million shares of the 385.5 million outstanding shares, priced between $14 and $16, the company will be valued at around $6.17 billion at the higher end of the range.