praveen singh

Fed hinting at longer high interest rate regime casts shadow on gold’s investment appeal

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Fed hinting at longer high interest rate regime casts shadow on gold’s investment appeal

Comex December gold future slid 1.55% through the week as the contract finished around $1916.50, and spot gold was at $1889 an ounce, at its weakest level in five months, pushed down by strengthening USD and surging UST yields amid growing bets for higher for longer interest rates from US Fed from the traders. The … Read more

Gold rally on weaker dollar may not last long; resistance seen at Rs 60100-60600

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Gold rally on weaker dollar may not last long; resistance seen at Rs 60100-60600

Banking industry concerns continue to recede, though the risk of banks’ deposit outflows to money market funds may affect the lending process of the banks, which means that eventually, there is a distinct possibility of economic slowdown in the coming months. In absence of any major negative headlines concerning the banking sector, risk appetite has … Read more