market sell-off

Gold slips 3% as hawkish Fed comments spark market sell-off

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Gold slips 3% as hawkish Fed comments spark market sell-off

Gold prices dropped 3% on Friday on a broader market sell-off, sparked by hawkish remarks from U.S. Federal Reserve officials, dimming hopes for a December interest rate cut. Spot gold fell 1.9% to $4,092.72 per ounce, as of 02:33 p.m. ET (1933 GMT), after falling over 3% earlier in the session. However, bullion is up … Read more

Holding on to cash, next market sell-off will be worst in lifetime, warns Jim Rogers

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Holding on to cash, next market sell-off will be worst in lifetime, warns Jim Rogers

After Sensex ended 2,223 points lower on Monday and Nifty slipped to 24,056 amid a global sell-off, veteran American investor Jim Rogers says he is sitting on a lot of cash as the next collapse will be very bad. “America and the world is long overdue for a problem. The reason I have a lot … Read more