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Gold price soars past $3,500, sets new record – SUCH TV

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Gold price soars past ,500, sets new record – SUCH TV



Gold prices surged to a record high above $3,500 on Tuesday, as investors flocked to safe-haven assets amid global economic uncertainty. The precious metal touched $3,501.59 per ounce during early trading in Asia, surpassing its previous record of $3,500.10 set in April.

The rally in gold comes as investors weigh a weakening US dollar and the potential for interest rate cuts by the Federal Reserve.

Wall Street pulled back from record highs on Friday after a key US inflation report showed accelerated prices, limiting the Fed’s policy flexibility.

Markets were closed on Monday for Labor Day, while the US dollar traded mixed against major currencies.

Last month, former President Trump said he would fire Federal Reserve governor Lisa Cook if she did not resign, following his criticism over alleged mortgage fraud claims.

The record also came after a US appeals court ruled that many of Donald Trump’s tariffs, which have upended global trade, were illegal.

But it allowed the measures to remain in place for now, giving the US president time to take the fight to the Supreme Court.



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Lidl’s loyalty card becomes less generous, shoppers say

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Lidl’s loyalty card becomes less generous, shoppers say



Under the changed system customers collect points rather than reward coupons, with £1 spent equalling one point.



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UK government long-term borrowing costs reach 28-year high

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UK government long-term borrowing costs reach 28-year high



There have been extra jitters in UK government debt markets ahead of Thursday’s local and national elections.



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Sugarcane price hike: Govt raises FRP to Rs 365/quintal for 2026-27, farmers to benefit from higher returns – The Times of India

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Sugarcane price hike: Govt raises FRP to Rs 365/quintal for 2026-27, farmers to benefit from higher returns – The Times of India


The government has increased the fair and remunerative price (FRP) of sugarcane by Rs 10 to Rs 365 per quintal for the 2026-27 season beginning October, PTI reported.The decision was approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi.“The FRP will be Rs 365/quintal for a basic recovery rate of 10.25 per cent,” Union Minister Ashwini Vaishnaw said after the meeting.The revised FRP is 2.81 per cent higher than the current rate of Rs 355 per quintal for the 2025-26 season.For every 0.1 per cent increase in sugar recovery above 10.25 per cent, the FRP will rise by Rs 3.56 per quintal, providing an incentive to mills for higher efficiency.To safeguard farmers supplying to mills with lower recovery rates, the government has decided that there will be no deduction in FRP for recovery below 9.5 per cent. In such cases, farmers will receive Rs 338.3 per quintal in the 2026-27 season.The production cost of sugarcane for 2026-27 has been estimated at Rs 182 per quintal, making the FRP 100.5 per cent higher than the cost.“Farmers are expected to get more than Rs 1 lakh crore,” Vaishnaw said.The move is expected to benefit nearly one crore sugarcane farmers, along with farm labourers and workers engaged in sugar mills.The FRP has been fixed based on recommendations of the Commission for Agricultural Costs and Prices (CACP) and consultations with state governments and stakeholders.The sugar sector supports the livelihoods of around five crore farmers and their families, and about five lakh workers directly employed in sugar mills, besides those involved in related activities such as transportation.Sugar mills are required to purchase sugarcane from farmers at the FRP or higher.Vaishnaw said the FRP has been increased every year over the past decade, and the latest revision will also support ethanol production from surplus sugarcane.On cane dues, he said that in the 2024-25 season, about Rs 1,02,209 crore, or nearly 99.5 per cent, of the total payable dues of Rs 1,02,687 crore had been cleared as of April 20, 2026.For the ongoing 2025-26 season, Rs 99,961 crore, or 88.6 per cent, has been paid out of total dues of Rs 1,12,740 crore.



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