Gold prices edged lower on Tuesday to hover near a one-week low hit in the previous session. It was headed for the biggest monthly drop in more than four years, weighed down by a firm dollar and concerns that the US Federal Reserve will tighten its monetary policy sooner than expected. Spot gold was down … Read more
WASHINGTON: The US Federal Reserve‘s carefully crafted move last year to a jobs-first monetary policy, touted as giving workers their best chance after the pandemic, is being tested by a potentially table-turning rebound of inflation and what’s become a relative rush of policymakers determined not to let it get out of hand. When the Fed … Read more
Gold struggled for direction in choppy trading on Friday en route to its worst week in nine months as the resumed its rally while investors took stock of the US Federal Reserve‘s hawkish outlook. Spot gold edged 0.2% down to $1,770.60 per ounce by 10:28 a.m. EDT (1428 GMT), stalling an initial uptick on some … Read more
The domestic equity indices continued their journey to new highs during the week gone by, albeit with lower volumes in the derivative segment. Compared with last year’s June, open interest is more or less same, but volumes in the derivative segment are down almost 30-40%. This indicates that intraday volumes have dried up, either due … Read more
In spite of the COVID-19 pandemic, a two-month long nationwide lockdown and a large GDP contraction in 2020, foreign capital flows to India remained surprisingly resilient. Data from IMF’s Balance of Payments statistics for the calendar year (CY) 2020 reveals that India received about $80 billion in foreign direct investment (FDI) and foreign portfolio investment … Read more
Palladium extended its blistering rally to an all-time high within striking distance of $3,000 on Friday on supply concerns and bets for improving demand, while gold pulled back on strong US economic data. Palladium jumped more than 3% to a record high of $2,925.14 per ounce, poised for a second straight weekly gain. Many analysts … Read more