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Former US president Bill Clinton hospitalized with feverAnalog Devices ADI has outperformed the market over the past 15 years by 1.93% on an annualized basis producing an average annual return of 13.99%. Currently, Analog Devices has a market capitalization of $107.47 billion. Buying $1000 In ADI: If an investor had bought $1000 of ADI stock 15 years ago, it would be worth $7,074.62 today based on a price of $216.55 for ADI at the time of writing. Analog Devices's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The Reserve Bank of India ’s gold purchases has helped the central bank to hold up foreign exchange reserves amidst a huge pullout by foreign portfolio investors that saw reserves contracting by $47 billion in five weeks. While the value of foreign currency assets dipped $1.1 billion on an incremental basis since the beginning of the fiscal 2024-25 upto November 15, value of gold in reserves rose $13 billion in the same period and help shore up overall foreign exchange reserves by $11 billion, the latest Reserve Bank of India data shows. Reserves including gold, foreign currency assets and SDR are now at $ 658 billion. The central bank added 44.76 tonnes to its stock of gold between March 29 and October 25 this year, ramping up gold stocks from 822.09 tonnes to 866.65 tonnes during the period according to the latest Reserve Bank of India data. Gold prices rose 23 percent during the period according to the World Gold Council, while RBI’s value of gold in reserves rose 31 percent. The gold body says the demand from central banks is triggering a price rally in gold, which in turn helps them with valuation gains. Central banks have started looking for safety of their assets amidst an uncertain geopolitical environment. “We are building up gold reserves, the data is released from time-to-time,” said RBI governor Shaktikanta Das at the post policy media conference on April 5. “All aspects while building up the reserves are assessed and then we make a decision.” Web Development JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Crypto & NFT Mastery: From Basics to Advanced By - CA Raj K Agrawal, Chartered Accountant View Program Marketing Future of Marketing & Branding Masterclass By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Marketing & Sales Strategies for Startups: From Concept to Conversion By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Office Productivity Microsoft Word Mastery: From Beginner to Expert By - CA Raj K Agrawal, Chartered Accountant View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Startup Fundraising: Essential Tactics for Securing Capital By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Web Development Master RESTful APIs with Python and Django REST Framework: Web API Development By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) ChatGPT Mastery from Zero to Hero: The Complete AI Course By - Metla Sudha Sekhar, IT Specialist and Developer View Program Leadership Crafting a Powerful Startup Value Proposition By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Web Development Java 21 Essentials for Beginners: Build Strong Programming Foundations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Finance: Finance Beginner Course By - elearnmarkets, Financial Education by StockEdge View Program The RBI has been actively accumulating gold as part of its reserves management strategy since December 2017. But it has become more aggressive post COVID and is one of the major buyers of gold among global central banks. The central bank’s stated objective of holding gold in reserves is mainly to diversify its foreign currency assets base, as a hedge against inflation and foreign currency risks. Central banks globally have actively started accumulating gold more aggressively after the Russia- Ukraine war started in February of 2022. The RBI too has followed the trend of central banks globally. Active gold purchases by central banks are expected to continue in 2025 market analysts said. “The market is likely to remain supported by official sector purchases continuing at historically elevated levels and resilient physical demand” said Joni Teves, Precious Metals Strategist, UBS Investment Bank in a research note. Goldman Sachs co-Head of Global Commodities Research Samantha Dart sees gold prices hitting $3,000 an ounce by the end of 2025. She said on Bloomberg TV on November 21. 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By Michelle Nichols UNITED NATIONS (Reuters) - Britain, France and Germany have told the United Nations Security Council that they are ready - if necessary - to trigger a so-called "snap back" of all international sanctions on Iran to prevent the country from acquiring a nuclear weapon. They will lose the ability to take such action on Oct. 18 next year when a 2015 U.N. resolution expires. The resolution enshrines Iran's deal with Britain, Germany, France, the United States, Russia and China that lifted sanctions on Tehran in exchange for restrictions on its nuclear program. Iran is "dramatically" accelerating enrichment of uranium to up to 60% purity, close to the roughly 90% level that is weapons grade, the U.N. nuclear watchdog chief told Reuters last week. The move comes as Iran has suffered a series of strategic setbacks, including Israel's assault on Tehran's proxy militias Hamas in Gaza and Hezbollah in Lebanon and the ouster of Iranian ally Bashar al-Assad in Syria. Western states say there is no need to enrich uranium to such a high level under any civilian program and that no other country has done so without producing nuclear bombs. Iran denies pursuing nuclear weapons. "Iran must deescalate its nuclear program to create the political environment conducive to meaningful progress and a negotiated solution," the U.N. ambassadors of Britain, Germany and France wrote in a Dec. 6 letter to the Security Council. "We reiterate our determination to use all diplomatic tools to prevent Iran from acquiring a nuclear weapon, including using snap back if necessary," they said. The communication was in response to letters earlier last week from Russia and Iran, which followed an initial note to the council by Britain, Germany and France on Nov. 27. Russia and Iran also then followed up with further letters this week. The tit-for-tat letters came as European and Iranian diplomats met late last month to discuss whether they can work to defuse regional tensions, including over Tehran's nuclear program, before Donald Trump's return to the White House. During his first term, Trump quit the nuclear deal in 2018. 'EMBRACE DIPLOMACY' In a letter to the council on Monday, Iran's U.N. Ambassador Amir Saeid Iravani urged the Europeans to "abandon their ineffective and failed policy of pressure and confrontation," saying they "should embrace diplomacy and focus on rebuilding the trust essential to resolving the current impasse." The European parties to the Iran nuclear deal have adopted a tougher stance on Iran in recent months, notably since Tehran ramped up its military support to Russia for its war in Ukraine. Russian U.N. Ambassador Vassily Nebenzia - in a Tuesday letter - said Britain, Germany and France had no right to invoke the "snap back" of sanctions and that it was irresponsible of them to suggest the possibility of using the "snap back" mechanism. U.N. Secretary-General Antonio Guterres submitted his biannual report to the Security Council on the implementation of the 2015 resolution on Tuesday, warning there was a "critical need for a peaceful solution to the Iranian nuclear issue" given the deteriorating situation across the Middle East. The "snap back" of international sanctions on Iran would require Iran to suspend all nuclear enrichment-related and reprocessing activities, including research and development, and ban imports of anything that could contribute to those activities or developing nuclear arms delivery systems. It would also reimpose a conventional arms embargo, ban Iran from developing ballistic missiles capable of delivering nuclear weapons and revive targeted sanctions on dozens of individuals and entities. Countries also would be urged to inspect shipments to and from Iran and authorized to seize any banned cargo. (Reporting by Michelle Nichols; Editing by Don Durfee and Daniel Wallis)Portugal winger Nani announces retirement from soccer