Gold’s remarkable rally shows no signs of slowing as the festive season approaches, with many analysts expected the prices to hit Rs 1.3 lakh per 10 grams this festive season. Rising global economic uncertainty, steady central bank purchases and expectations of interest rate cuts are driving the demand. If the trend continues, gold could climb…
Gold prices rose on Monday to hover near an all-time high, supported by a weaker dollar and growing expectations that the Federal Reserve is likely to continue with interest rate cuts later this year. FUNDAMENTALS * Spot gold was up 0.5% at $3,776.72 per ounce as of 0150 GMT. Bullion hit a record of $3,790.82…
Silver prices in the national capital surged to a lifetime high of Rs 1,40,000 per kilogram on Thursday, September 25, driven by strong global cues and investor positioning ahead of crucial US economic data. Silver rallies to record peak The white metal climbed by about Rs 1,000 from the previous session to touch the new…
The dollar held steady on Monday ahead of a pivotal week filled with central bank decisions led by the Federal Reserve, while the euro hardly reacted to Fitch’s downgrade of France’s credit rating. Trading in Asia was thinned with markets in Japan closed for a holiday, leaving currencies mostly rangebound in the early session. The…
SYDNEY: Stocks got off to a quiet start in Asia on Monday ahead of an action-packed week that is seemingly certain to see the U.S. Federal Reserve resume its easing cycle, and perhaps leave the door wide open to a series of cuts. The Bank of Canada is also expected to cut rates by a…
U.S. Treasury Secretary Scott Bessent on Friday called for renewed scrutiny of the Federal Reserve, including its power to set interest rates, as the Trump administration intensifies its efforts to exert control over a central bank whose insulation from short-term political pressures is widely seen as key to effective control of inflation. “There must also…