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• Gold drops to over one-year low as fading Middle East peace hopes fan inflation fears

  Investors are rapidly scaling back their exposure to non-yielding bullion as mounting inflation worries and hawkish Federal Reserve commentary bolster expectations of extended high interest rates. These pressures intensified after rising oil prices and a strengthening U.S. dollar near a 19-month peak battered precious metals across the board. The sharp selloff was further exacerbated as traders hit stop-loss triggers on recently established long positions.

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• CBDT MAPs out rules for foreign taxpayers

  The revised guidelines aim to provide international businesses with greater certainty by establishing clear operational timelines for addressing cross-border double taxation and treaty disputes. Indian tax authorities will target resolving these matters within two years, while imposing strict one-month deadlines for taxpayers and assessing officers to accept and implement agreed settlements. This procedural clarity directly impacts how multinational entities navigate parallel domestic litigation, advance rulings,…

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• Nvidia and Alibaba among market cap stock movers on Thursday

  Nvidia and Alibaba were among the notable market capitalization stock movers on Thursday. Both companies saw shifts in their market values during the day's trading.

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