LONDON - Spot gold prices hit a record high on Friday as a weak dollar, expectations of more U.S. interest rate cuts and tensions in the Middle East more than offset muted physical demand in Asia.

London is the most influential hub for the spot gold market, largely because of the London Bullion Market Association (LBMA).

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Gold prices in India surged Rs 700 to Rs 76,350 per 10 grams, driven by global cues and increased demand ahead of festivals.

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Gold prices rallied Rs 700 to Rs 76,350 per 10 grams in the national capital on Friday amid a rise in precious metal rates globally. On Thursday, the yellow metal of 99.9 per cent purity had closed at ...

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The euphoria in equity markets following the Federal Reserve’s interest-rate cut is stoking the risk of a bubble, making ...

FedEx cut its outlook after posting lower quarterly profit and revenue. Its stock fell 13%; shares of rival UPS also fell. Ford and General Motors fell after Mercedes-Benz trimmed its forecasts and ...