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05.06.26 - 22:30
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Mutual fund houses restrict investments into gold ETFs, FoFs (Times of India)
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Leading mutual fund houses, including HDFC, ICICI Prudential, and Nippon India, are temporarily restricting large lump-sum investments in gold ETFs and fund of funds. This move aligns with the government's policy to discourage gold purchases, following an increase in import duty. The restrictions primarily target large investors, with exceptions for authorized participants and market makers, while SIPs remain largely unaffected....
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05.06.26 - 22:15
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Top Democrats urge Treasury to halt production of gold coins with Trump image (The Hill)
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Two Senate Democrats on Thursday called on the Trump administration to stop the production of a 24-karat gold coin bearing President Trump's image to commemorate America's 250th birthday, with the lawmakers expressing concerns that some of the gold used by U.S. Mint could be traced to foreign cartels. Sens. Elizabeth Warren (D-Mass.) and Ron Wyden......
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