Daily trending news …
Jefferies cuts revenue forecasts for Indian IT firms and assigns hold or underperform ratings on major players, while noting top picks may still outperform. The analysis highlights potential revenue declines in outsourcing and changing client engagement models as AI tools mature, with implications for valuations and long term growth.
Goldman Sachs forecasts continued strength in gold prices into 2026 due to structural demand from central banks and cyclical support from Fed rate cuts, targeting $4,900/oz amid ETF competition for limited supply.
Brokerage Ventura forecasts gold reaching $4,600–$4,800 per ounce in 2026, driven by central bank purchases, persistent inflation, US deficits, economic worries, and 75 basis points of expected Federal Reserve rate cuts, extending the multi-year bull market with strong institutional and retail demand.
