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Gold price prediction today: Gold prices may trade sideways in the coming days. The broader upward trend for gold remains intact. Silver is expected to remain volatile. Investors are watching for cues on US interest rate cuts.

Bitcoin has fallen below $90,000, its lowest in seven months. This marks a significant drop from its October peak. The digital asset market has lost $1.2 trillion in value. Traders cite concerns over US interest rates and market uncertainty. Major crypto-linked firms have also seen their shares decline. Ether, the second-largest cryptocurrency, is also under…

Many taxpayers are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to release remaining refunds, with interest payable under Section 244A for delays not caused by the taxpayer. Mismatches in data, foreign income, and verification issues are contributing to the processing slowdown.

Microsoft has forged a significant cloud infrastructure partnership with AI firm Anthropic and chipmaker Nvidia, signaling a shift away from exclusive reliance on OpenAI. Anthropic will purchase $30 billion in computing capacity from Microsoft Azure, with Nvidia investing up to $10 billion and Microsoft up to $5 billion in Anthropic.

Political leanings are influencing electric vehicle purchases globally, with over 40% of EV drivers considering avoiding Tesla due to its founder’s controversial stances. A survey reveals a significant portion of buyers are wary of brands or countries of origin based on political factors, impacting choices in major markets like the US and Germany.

Wall Street experienced another downturn Tuesday, with major tech stocks like Nvidia leading the decline amid concerns of overvaluation. Home Depot’s profit miss and a technical issue affecting Cloudflare further dampened sentiment. Global markets followed suit, with investors awaiting crucial US employment data that could influence the Federal Reserve’s interest rate decisions.

Following a technical snag that disrupted operations and delayed over 800 flights at Delhi airport, authorities are reviewing and strengthening air traffic control systems. The Civil Aviation Minister confirmed a thorough investigation into the Automatic Message Switching System failure is underway, with a focus on enhancing future technologies and backup systems for air navigation.

New income tax return forms and rules under the simplified Income Tax Act, 2025, will be notified by January 2026, with the law effective April 1. CBDT Chairman Ravi Agrawal stated the department aims for simpler compliance and expects to meet direct tax collection targets, with refunds being scrutinized due to discrepancies and wrong claims.