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  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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• Guggenheim highlights top biotechnology stock

  Investment firm Guggenheim recently singled out a leading equity pick situated in the broader biotechnology sector. Market participants are watching the space closely as financial institutions evaluate healthcare and drug development opportunities. However, the brokerage did not provide the specific metrics or reasoning behind this latest sector recommendation.

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