Gold prices experienced volatility last week, dropping nearly 3% to a low of $3120 per Oz before rebounding to close above $3200. This fluctuation comes amidst global uncertainties, including a US credit rating downgrade and mixed economic signals, while geopolitical tensions remain high. For the upcoming week, gold is projected to trade between Rs 89,500 and Rs 95,800, with key support at $3,150-$3,080, and investors may consider selling if prices fall below Rs 92,300, anticipating further downside.
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US-China trade war: How India turned into America's new iPhone factory; & why tariff threat may not stop it
Apple's manufacturing partner Foxconn has shifted its focus to India, exporting 97% of its iPhone shipments to the US amid Trump's trade war with China, with shipments surpassing $4.4 billion in early 2025. Despite Trump's threats of 25% tariffs on Indian-made iPhones, Apple continues to expand its Indian operations, with expectations that Indian production will account for 25-30% of global shipments by 2025. More Context
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