US FOMC

Gold likely to consolidate ahead of the US FOMC decision

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Gold likely to consolidate ahead of the US FOMC decision

Spot gold closed with a gain of nearly 0.1% in the week ending January 27. With US Q4 advance GDP, durable goods orders, weekly jobless claims, pending home sales, and preliminary S&P global US manufacturing and services PMI data for January coming in better than forecast, chances of soft landing of the US economy have … Read more

MPC meet: RBI likely to maintain status quo on interest rate

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MPC meet: RBI likely to maintain status quo on interest rate

Amid fears of a third wave of coronavirus pandemic and hardening of retail inflation, the Reserve Bank is likely to maintain status quo on interest rate and watch the developing macroeconomic situation for some more time before taking any decisive action on monetary policy. The RBI is scheduled to announce its bi-monthly monetary policy review … Read more