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…
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…
SINGAPORE: The dollar was rangebound on Wednesday, with investors choosing to stay on the sidelines ahead of U.S. President Donald Trump’s pick to fill a coming vacancy on the Federal Reserve’s Board of Governors. Trump said on Tuesday he will decide on a nominee by the end of the week and had separately narrowed the…
D-Street was pleasantly surprised as RBIÂ slashed the repo rate by 50 basis points on Friday, June 6, pushing rate-sensitive stocks into sharp recovery mode. The repo rate now stands at 5.5 per cent, compared to 6 per cent earlier. The central bank also shifted its stance from ‘accommodative’ to ‘neutral’, signaling a broader reset in…
The Reserve Bank of India (RBI) announced a sharp 100 basis points (1 per cent) cut in the Cash Reserve Ratio (CRR), lowering it from 4 per cent to 3 per cent, in its second bi-monthly monetary policy review for the fiscal year 2025-26 on June 6, 2025. The decision aims to ease liquidity and…
Banking and other rate-sensitive stocks jumped on Friday, June 6 after the Reserve Bank of India (RBI) cut the repo rate by 50 basis points and reduced the Cash Reserve Ratio (CRR) by 100 basis points. This double monetary easing appreciated the Bank Nifty in intraday trading to an all-time high of 56,305, rising to…