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St. Louis Federal Reserve President Alberto Musalem indicated a potential interest rate cut is on his mind. He stated he could support a reduction if job market risks appear and inflation stays under control. However, Musalem stressed the Federal Reserve should not follow a predetermined plan. His comments were made before a financial meeting.

Gold prices have surged by an astonishing 63% in India over the past year, reaching near record highs of Rs 1,28,200 per 10 grams on Dhanteras 2025. Analysts anticipate further gains, with a Rs 1.5 lakh target per 10 grams in sight, driven by geopolitical tensions, central bank buying, and expected US interest rate cuts.

Mental strength is key to wealth creation, according to Sandeep Agarwal. He explains how inner energies and planetary influences, like Saturn s discipline, Venus s gratitude, and Jupiter s vision, shape financial success. Agarwal suggests aligning karma with mind patterns for wealth. He also advises managing market noise and emotional reactions for consistent wealth building. Timing and energy are crucial for financial outcomes.

As Diwali approaches, Dhanteras traditionally emphasizes wealth creation through precious metals. This year, Bitcoin emerges as a modern, auspicious investment, mirroring gold s digital gold status. Its proven scarcity and global adoption offer a compelling option for smart diversification and long-term wealth building, aligning with the festival s spirit of wise choices.

Small finance banks faced profitability pressures in the second quarter due to higher credit costs and expenses. AU Small Finance Bank saw a dip in net profit, while Ujjivan and Jana reported significant drops. Lenders expressed confidence in improving credit quality from unsecured business in the coming quarter.

Public sector banks Uco Bank, Central Bank of India, and Bank of India reported increased net profits in the September quarter, driven by higher interest income and reduced provisions. Despite a dip in net interest margins, all three banks saw loan growth outpace deposit growth, indicating a positive operational trend.

Arun Kumar, founder of Strides Group and OneSource, has secured ₹1,000 crore by pledging shares. This move refinances existing loans, extending maturities and simplifying repayments. The transaction aims to consolidate smaller borrowings into larger, long-term facilities. It reflects a broader effort to clean up the promoter s balance sheet and shows a decline in pledged shares, indicating deleveraging.

Gold prices have reached a new peak just before Dhanteras, affecting festive sales. Jewellers anticipate more lightweight jewellery purchases. Investment demand for gold and silver coins remains robust. Platinum is also gaining popularity among men for jewellery. Silver prices have softened due to increased supply, despite a global deficit. Geopolitical tensions and US economic factors are influencing gold prices.

On Friday, the Indian rupee took a dip, settling at 87.9750 against the dollar. Thanks to the Reserve Bank of India s timely intervention, the decline was cushioned. While the rupee enjoyed a commendable two-day uptrend, a surge in dollar demand coupled with global risk aversion dampened its gains.

Wall Street rushed to launch altcoin ETFs when crypto prices soared. Now, a sharp market crash has wiped out billions. Many altcoins have plunged, revealing their unstable nature. This situation raises concerns about investor protection as the SEC considers new ETF approvals. The volatile digital asset market remains a risky frontier.