Business
‘I’m not a gold buyer, but…’: JPMorgan CEO Jamie Dimon, long a gold skeptic, now sees ‘semi-rational’ in buying it; what he said – The Times of India
Jamie Dimon, the JPMorgan Chase & Co CEO, who is long known to be a skeptic on gold investment, has said that he now sees a ‘semi-rational’ in having the yellow metal as part of your investment portfolio.Gold prices have surged significantly, rising from under $2,000 two years ago to remarkable levels, outperforming equity markets in the 21st century. This upward trend reflects investors seeking refuge in secure assets, driven by inflationary pressures and global political tensions.
Jamie Dimon’s View on Gold
While stating that he is not a buying of gold, Dimon acknowledged that gold prices could go up to as high as $10,000! “I’m not a gold buyer — it costs 4% to own it,” Dimon said this week at Fortune’s Most Powerful Women conference in Washington. Dimon expressed a measured view on gold ownership whilst acknowledging its potential value in current circumstances.“It could easily go to $5,000, $10,000 in environments like this. This is one of the few times in my life it’s semi-rational to have some in your portfolio,” he was quoted as saying by Bloomberg.“Asset prices are kind of high,” Dimon said, and “in the back of my mind, that cuts across almost everything at this point.”Ken Griffin, the billionaire founder of Citadel, expressed concern last week about investors increasingly perceiving gold as a more stable alternative to the dollar, describing this shift as “really concerning.”Goldman Sachs has adjusted its gold price prediction for December 2026 upwards to $4,900 per ounce, an increase from the previous $4,300, attributing this change to significant Western ETF investments and anticipated central bank purchases.“We see the risks to our upgraded gold price forecast as still skewed to the upside on net, because private sector diversification into the relatively small gold market may boost ETF holdings above our rates-implied estimate,” Goldman said according to a Reuters report.HSBC has increased its projected average gold price for 2025 to $3,355 per ounce from $3,215, attributing the rise to heightened safe-haven interest amidst global political tensions, financial instability, and declining US dollar strength.“Sentiment remains bullish as rallies are expected to continue in 2026 aided by official sector buying and institutional demand for gold as a diversifier,” the bank stated in a note dated October 15.HSBC revised its gold price projection upward, setting a new average target of $3,950 for 2026, an increase from its previous estimate of $3,125.ANZ’s latest analysis predicts gold prices will reach $4,400 per ounce by end-2025, citing several factors including heightened geopolitical tensions, economic instability, financial market uncertainties, and anticipated Federal Reserve interest rate reductions.The bank expects gold valuations to achieve their highest point around $4,600 per ounce in June 2026, before trending downward in the latter half of 2026, coinciding with the end of the Federal Reserve’s easing programme and increased certainty regarding US economic expansion and trade policy directions.
Business
Top stocks to buy today: Stock recommendations for April 17, 2026 – check list – The Times of India
Stock market recommendations: Reliance Industries, and Varun Beverages are the top stock recommendations by Bajaj Broking Research for April 17, 2026.Reliance IndustriesBuy in the range of ₹ 1330.00-1350.00
Reliance Industries stock has undergone a corrective phase over the past three months and is currently consolidating near a crucial support zone of ₹1270–₹1300. This technical setup offers a favorable risk-reward profile, positioning the stock for a potential bullish reversal and the next leg of uptrend.This ₹1270–₹1300 range serves as a crucial support area, reinforced by the convergence of multiple technical factors: (a) 61.8% retracement of the previous April 2025-January 2026 up move (1115-1611) (b) 200 weeks EMA placed around 1292, which has historically acted as strong demand area for the stockThe ongoing corrective phase appears to be nearing exhaustion, with price action indicating the potential for a fresh bullish reversal. We anticipate the stock to resume its uptrend and head towards ₹ 1474 levels in the coming quarters being the high of February 2026 and the 61.8% retracement of the recent decline of the last 3 months ₹ 1611-1290.Varun BeveragesBuy in the range of 455-465
The share price of Varun Beverages has generated a breakout above the falling channel containing last 3 months decline signaling strength and offers fresh entry opportunity.The stock has also formed a higher high and higher low signaling resumption of up move after recent corrective decline.We expect the stock to head higher towards 503 levels in the coming weeks being the 80% retracement of the previous decline from 534 to 381.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
Business
Finance ministers and top bankers raise serious concerns about Mythos AI model
Experts say Mythos potentially has an unprecedented ability to identify and exploit cybersecurity weaknesses.
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Business
Anthropic’s new AI model exposes fresh risks, flaws for cybersecurity, IT services – The Times of India
New Delhi: A powerful new AI model is forcing govts, banks, and technology firms to rethink the rules of cybersecurity – and in India, the stakes may be even higher.Claude Mythos, developed by Anthropic, has demonstrated the ability to autonomously detect and exploit software vulnerabilities, including flaws that have persisted for decades. Early tests revealed that the model could identify long-standing weaknesses and simulate complex, multi-step cyberattacks, prompting the company to restrict its wider release. Anthropic CEO Dario Amodei highlighted the shift, noting that AI systems are now capable of finding vulnerabilities “that humans have missed”, a signal of how quickly the cybersecurity landscape is changing.US Treasury Secretary Scott Bessent reportedly convened a meeting with top bank executives – including leaders from JPMorgan Chase, Goldman Sachs, Citigroup, BoA, and Morgan Stanley – to assess the risks posed by such advanced AI systems.That concern is not theoretical. According to Jaydeep Singh, GM for India at Kaspersky, the emergence of such systems represents a turning point not just for security professionals, but for everyday users. “We have been closely monitoring how AI is reshaping the threat landscape, and Claude Mythos represents a moment that every user, not just the cybersecurity industry, needs to understand,” Singh said.The dual-use nature of AI is at the heart of the concern. The same capability that strengthens defences can just as easily be weaponised. “The same capability that finds a 27-year-old vulnerability in hardened infrastructure is the capability that, in the wrong hands, turns every unpatched system into an open door,” Singh added.Cybersecurity firm Check Point Software Technologies echoed the warning. Sundar Balasubramanian, MD, India and South Asia, for Check Point, says, AI is “dramatically lowering the barrier to entry for cyber attackers,” enabling even less-skilled actors to identify and exploit vulnerabilities. He added that defensive tools can be repurposed offensively, compressing the traditional gap between attackers and defenders. Jayant Saran, partner, Deloitte India, described this as a “changed reality,” where organisations must prepare for risks that were previously invisible. He called AI a “double-edged sword…that cannot be reversed,” highlighting an accelerating race between those securing systems and those attempting to break them.In India, the risks are amplified by scale. From UPI to banking and govt platforms, millions depend on digital infrastructure – much of it built on legacy systems. These systems are often slower to patch, harder to monitor, and lack continuous threat intelligence, creating what Saran called an “asymmetric risk exposure.” Singh pointed out that this gap is especially critical in India, where legacy infrastructure serves hundreds of millions.Beyond cybersecurity, ripple effects could reach financial markets. Analysts say models like Mythos could automate parts of software development, testing, and security – core functions of IT services industry. While disruption may be gradual, labour-intensive outsourcing models could face pressure, while firms embracing AI may benefit.
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