By Brijesh Patel (Reuters) - Gold prices edged lower on Monday as an uptick in the dollar dented the metal s appeal, although lower U.S. bond yields and prospects of a prolonged accommodative interest rate environment limited losses. Spot gold was down 0.2% at $1,886.76 per ounce as of 0308 GMT, after rising more than 1% in the previous session, as U.S. May non-farm payrolls fell short of expectations. U.S. gold futures eased 0.1% to $1,889.60 per ounce. We are seeing some long covering in Asia today, with risk hedges being unwound after an uneventful news weekend, helped by a slightly stronger U.S. dollar and with Bitcoin rallying, said Jeffrey Halley, OANDA senior market analyst.
SBI Cards and Payment Services (SBI Card) has been seeing over 50 per cent of its transactions via online payments such as on groceries, utility bills, insurance premium, and hopes the trend to go up further as point of sale purchases are yet to pick up, top company executive said. Keeping a watch on the recent coronavirus resurgence in the country across some key locations, SBI Card MD and CEO Rama Mohan Rao Amara said it would be too early to say whether it will have any bearing on people s purchasing behaviour. However, online payments is a trend which is going to go up further, he added.
Following the recent announcement of its global AACSB accreditation (Association to Advance Collegiate Schools of Business ), NUI Galway’s JE Cairnes School of Business and Economics is now accepting applications for its 30% Club Scholarship for September 2021. Now in its fourth year, the scholarship aims to advance female leadership in business organisations and is a key influence in the increased number of female participants applying to and joining the university’s MBA programme.
Read more about Indices turn range bound; breadth positive on Business Standard. At 11:23 IST, the barometer index, the S&P BSE Sensex, was up 318.84 points or 0.63% at 50,713.92. The Nifty 50 index gained 81.3 points or 0.54% at 15,010.