Gold prices will gradually appreciate throughout 2021, says Ed Moy

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Chief strategist for U.S. fractional gold retailer Valaurum and former U.S. Mint Director Ed Moy spoke to Biman Mukherji of indoasiancommodities.com about how policies of the incoming U.S. President Joe Biden administration and prevailing economic uncertainty is likely to fuel gold’s rally over the medium to long term. Moy believes that the favourable conditions for gold will remain intact […]

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India’s central bank keeps key rate unchanged amid optimism about economic recovery

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The Reserve Bank of India on Friday decided to keep the repo rate unchanged at 4% while pledging to keep its accommodative monetary stance unchanged for as long as necessary to cope with covid’s impact. The reverse repo rate was also kept at the the current leve of 3.35%. It noted that tbe global economy […]

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COMMENT – Gold, the simple math

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The current pullback in the precious metals sector is a buying opportunity. Since trading at a closing high of $2,064 an ounce on August 6, gold bullion has declined 8.34% as of this writing, says John Hathaway of asset management company Sprott Inc. Gold mining shares have followed suit, declining 9.26% since the August high.It […]

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India’s central bank leaves lending rates unchanged; expects farm-led economic recovery

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India’s central bank left the benchmark lending rate unchanged and vowed to maintain its accommodative monetary policy to facilitate the economy’s recovery in wake of the covid pandemic. The Reserve Bank of India (RBI) maintained the repo rate at 4% and the reverse repo rate at 3.35%. At the same time, the bank announced a raft […]

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India’s central bank pauses after five rate cuts, lowers 2019-20 GDP growth rate to 5%

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The Reserve Bank of India (RBI) on Thursday kept the interest rates unchanged, pausing after five straight cuts, but lowered the country’s economic growth forecast for the 2019-20 financial year to 5 percent from an earlier 6.1 percent. The RBI also raised its inflation forecast for the second half of the year to between 5.1-4.7 […]

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