India’s gold demand has picked up since a sharp fall in gold prices from record highs in wake of the recent announcement of vaccines to combat covid, although volume of purchases remains below last year’s level due to postponement of weddings that usually occur during this part of the year. Gold prices in India have come […]
The global economy is recovering from the depths of the coronavirus crisis, but there are signs of slowing momentum in countries with a resurgence in infection rates, the International Monetary Fund said in a new report for G20 major economies. The report, released ahead of this week’s virtual meetings of finance officials and leaders from […]
While Russian President Vladimir Putin is making final preparations to host the 2020 BRICS summit next Tuesday for his Brazilian, Indian, Chinese and South African counterparts, the differences between the five members are striking. Politically, for instance, this year there have been rising tensions between China and India, with little prospect of an imminent breakthrough. […]
Gold and silver prices today tanked in Indian markets after Pfizer Inc announced that its experimental covid vaccine was more than 90 per cent effective in preventing COVID-19 based on initial data from a large study. Pfizer and German partner BioNTech SE are the first drugmakers to show successful data from a large-scale clinical trial of a […]
Democrat Joe Biden’s victory in the US presidential polls will likely herald a Tale of Two Commodities: gold and crude oil marked by their contrasting fortunes. While gold is likely to acquire a brighter hue in coming weeks with a decisive victory for Biden, crude oil is likely to go in the opposite direction. The […]
The U.S. Federal Reserve kept its loose monetary policy intact this week and pledged to do whatever it can in coming months to sustain a U.S. economic recovery losing speed amid a spreading coronavirus pandemic. The coronavirus pandemic is showing no signs of abating and has hit the Indian economy severely. However, Finance Minister Nirmala […]
In a closely-fought U.S. presidential election, gold prices are down a bit with a strengthening of the US dollar. But safe haven demand for the precious metal is expected to rise if the uncertainty over the poll outcome continues to linger. International gold prices are down 0.85% at $1,898/troy ounce, just a tad off the psychological benchmark […]
Global economic recovery has become complicated by a new wave of the virus spreading at a record rate all over Europe and the United States. Overall growth is projected at -4.4 percent in 2020 and 5.2 percent in 2021. China’s return to growth has been stronger than expected. For many other emerging market and developing […]
After India’s nationwide lockdown caused gold jewellery demand to drop to a record low during the second quarter, there was a modest recovery during the third quarter to 52.8 tons, according to the World Gold Council (WGC). Still the demand was 48% lower on year – notching the third lowest quarter for Indian jewellery demand. “Not […]
Global demand for gold during the third quarter of this year dropped by 19% on year to 892 metric tons, the lowest since that experienced during the third quarter of 2009 as consumers battled the effects of the pandemic, according to the World Gold Council. The year-to-date gold demand is down 10% on year at 2,972.1 […]
